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Engagement Strategies to Manage
Stakeholders by fmr Zalando PM
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How to Successfully Build
Engagement Strategies to Manage
Stakeholders
Arathi Philips Roy, Senior Product Manager at TIER mobility,
fmr Zalando PM
Agenda
Introduction
What is stakeholder management and why do we need it?
Adopt an outward mindset towards stakeholder relationships
How to identify and prioritise stakeholders to define an engagement strategy
The continuous process of stakeholder management
Hi, I’m Arathi Philips Roy 👋
Mobile Apps Economics &
Experimentation
Operations
Excellence
What is stakeholder management
IDENTIFICATION
Who are your
stakeholders?
Who should you
focus on and why?
ANALYSIS
PLANNING
How to get them
engaged and
supportive?
IMPLEMENTATION
How can you
achieve your
goals?
Why do we need stakeholder management?
Rely on others
to work
Feedback &
support
Know the
environment
To have a result that is
useful and USED!
Define the
scope
“When we look outwards and see other people, we have an outward
mindset. When we approach life concerned primarily on our own needs,
we have an inward mindset” - The Arbinger Institute
Adopt an outward mindset
Identify your stakeholders
How to find who are your stakeholders:
1. Review organisational assets
2. Brainstorm
3. Make a pitch
Identify your stakeholders
1. Review organisational assets
- Company intranet
- Project folders and documentation
- Tools such as Notion, Confluence, Github etc.
*This might be difficult if it’s a completely new project for the company and the project has no precedence
Identify your stakeholders
2. Brainstorming
- Have a dedicated workshop with the core team, key contributors, subject matter experts
to discuss potential stakeholders.
- Send around a questionnaire to identify potential stakeholders
- Looking for technical dependencies
Identify your stakeholders
3. Make a pitch
- Send out an introductory presentation of the project
- Send out a newsletter to a broader audience and ask the audience to subscribe to a
dedicated mailing list
Identify your stakeholders
Tip!
- Use the relevant identification approach(es) for your project
- Directly discuss with each stakeholders to gather information
- Update regularly.
Analyse and Prioritise
Why you should prioritise stakeholders?
- Know who to focus on
- Have relevant people in the room interact according to effect
- You don’t have the time to address ALL concerns the SAME way
Analyse and Prioritise
Classify stakeholders
- How they can influence
your projects
- What is their stake in the
project
- Their position in the
company
- What makes them unique
for your project
Interest
Power
High
High
Low
Low
Analyse and Prioritise
Classify stakeholders
Interest
Power
High
High
Low
Low
Keep
satisfied
Monitor
(minimum
effort)
Manage
closely
Keep
informed
Define your engagement strategy
Identify the best way(s) to engage/ communicate with each groups of
stakeholders
- Face-to-face meetings
- Weekly status report
- Bi-weekly meetings
- Dedicated ad-hoc meetings to address specific requests
- Informal 1:1
- Centralised business requirement document
Define your engagement strategy
Tip!
- You can pick any engagement method
- Focus on the most efficient method
- Spend most of your effort on main stakeholders
- For your main stakeholders, solution has to be tailored
Define your engagement strategy
How to keep your stakeholders engaged:
- Regularly remind them what the goals are
- Show progress frequently
- Celebrate milestones with them
- Ensure their contribution is recognised
Continuous stakeholder management
“Stakeholder management is not a one-time thing but a continuous
process.”
Continuous stakeholder management
When should you update your stakeholder management strategy
- Scope changes
- Delay or major blockers
- Major milestones are reached, a new phase begins
- Changes in the core team
Key takeaways
Adopt an outward mindset towards stakeholder relationships
Techniques to identify your stakeholders
Analyse and prioritise your stakeholder based on the power and interest
matrix
Techniques to define your engagement strategy
Stakeholder management is a continuous process
THANK YOU!
www.productschool.com
Part-time Product Management Training Courses
and
Corporate Training

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Engagement Strategies to Manage Stakeholders by fmr Zalando PM

  • 1. www.productschool.com Engagement Strategies to Manage Stakeholders by fmr Zalando PM
  • 2. CERTIFICATES Your Product Management Certificate Path Product Leadership Certificate™ Full Stack Product Management Certificate™ Product Management Certificate™
  • 3. Corporate Training Level up your team’s Product Management skills
  • 4. Free Product Management Resources BOOKS EVENTS JOB PORTAL COMMUNITIES bit.ly/product_resources COURSES
  • 5. How to Successfully Build Engagement Strategies to Manage Stakeholders Arathi Philips Roy, Senior Product Manager at TIER mobility, fmr Zalando PM
  • 6. Agenda Introduction What is stakeholder management and why do we need it? Adopt an outward mindset towards stakeholder relationships How to identify and prioritise stakeholders to define an engagement strategy The continuous process of stakeholder management
  • 7. Hi, I’m Arathi Philips Roy 👋 Mobile Apps Economics & Experimentation Operations Excellence
  • 8. What is stakeholder management IDENTIFICATION Who are your stakeholders? Who should you focus on and why? ANALYSIS PLANNING How to get them engaged and supportive? IMPLEMENTATION How can you achieve your goals?
  • 9. Why do we need stakeholder management? Rely on others to work Feedback & support Know the environment To have a result that is useful and USED! Define the scope
  • 10. “When we look outwards and see other people, we have an outward mindset. When we approach life concerned primarily on our own needs, we have an inward mindset” - The Arbinger Institute Adopt an outward mindset
  • 11. Identify your stakeholders How to find who are your stakeholders: 1. Review organisational assets 2. Brainstorm 3. Make a pitch
  • 12. Identify your stakeholders 1. Review organisational assets - Company intranet - Project folders and documentation - Tools such as Notion, Confluence, Github etc. *This might be difficult if it’s a completely new project for the company and the project has no precedence
  • 13. Identify your stakeholders 2. Brainstorming - Have a dedicated workshop with the core team, key contributors, subject matter experts to discuss potential stakeholders. - Send around a questionnaire to identify potential stakeholders - Looking for technical dependencies
  • 14. Identify your stakeholders 3. Make a pitch - Send out an introductory presentation of the project - Send out a newsletter to a broader audience and ask the audience to subscribe to a dedicated mailing list
  • 15. Identify your stakeholders Tip! - Use the relevant identification approach(es) for your project - Directly discuss with each stakeholders to gather information - Update regularly.
  • 16. Analyse and Prioritise Why you should prioritise stakeholders? - Know who to focus on - Have relevant people in the room interact according to effect - You don’t have the time to address ALL concerns the SAME way
  • 17. Analyse and Prioritise Classify stakeholders - How they can influence your projects - What is their stake in the project - Their position in the company - What makes them unique for your project Interest Power High High Low Low
  • 18. Analyse and Prioritise Classify stakeholders Interest Power High High Low Low Keep satisfied Monitor (minimum effort) Manage closely Keep informed
  • 19. Define your engagement strategy Identify the best way(s) to engage/ communicate with each groups of stakeholders - Face-to-face meetings - Weekly status report - Bi-weekly meetings - Dedicated ad-hoc meetings to address specific requests - Informal 1:1 - Centralised business requirement document
  • 20. Define your engagement strategy Tip! - You can pick any engagement method - Focus on the most efficient method - Spend most of your effort on main stakeholders - For your main stakeholders, solution has to be tailored
  • 21. Define your engagement strategy How to keep your stakeholders engaged: - Regularly remind them what the goals are - Show progress frequently - Celebrate milestones with them - Ensure their contribution is recognised
  • 22. Continuous stakeholder management “Stakeholder management is not a one-time thing but a continuous process.”
  • 23. Continuous stakeholder management When should you update your stakeholder management strategy - Scope changes - Delay or major blockers - Major milestones are reached, a new phase begins - Changes in the core team
  • 24. Key takeaways Adopt an outward mindset towards stakeholder relationships Techniques to identify your stakeholders Analyse and prioritise your stakeholder based on the power and interest matrix Techniques to define your engagement strategy Stakeholder management is a continuous process
  • 26. www.productschool.com Part-time Product Management Training Courses and Corporate Training