Research Paper - Stakeholder engagement in policy development

Research Paper

 Stakeholder engagement in policy development - topic

Please make sure that the document meets all of the specifications.

1. Properly addresses the research topic and problem that you have come up with.
2. Main body of the paper is at least 8 pages.
3. There is a title page and a reference page.
4. All references are properly cited in the document.

Note : please see attached outline that you have written for me last week.

 

Running head:

STAKEHOLDERS ENGAGEMENT IN POLICY DEVELOPMENT 1

STAKEHOLDERS ENGAGEMENT IN POLICY DEVELOPMENT 5

 

 

 

 

 

 

 

 

Stakeholders Engagement in Policy Development

Student’s Name

Institutional Affiliation

 

The topic chosen for the research paper is “Stakeholders Engagement in Policy Development

.” It is accompanied with the problem statement of examining the way the stakeholders’ engagement in the policy development is used to develop the policies together with the impacts of the stakeholders in the development of the policies.

1. Introduction

The stakeholder’s engagement is referred to as the process whereby the organization involves the individuals that will be affected or can influence the decisions to be made. The stakeholders either support or opposes the decisions which will influence the organization both internally and externally. The stakeholders’ engagement has been seen to improve the decision making in a given organization. The main aim of this paper is to examine the way the stakeholders’ engagement in the policy development is used to develop the policies together with the impacts of the stakeholders in the development of the policies. While most of the organizations have the interest in engaging the stakeholders in the issues to deal with the policies, there is a great divergence when the stakeholders are engaged. This includes the purpose of the stake holders, when to engage them during the development of the policies, the methods to be used for the engagement, their impact, challenges, and the outcome of using the stakeholders.

2. Key Stakeholders to be Involved in the Development of the Policies

Stake holders are the group of people or the organizations that are involved in the process of the policy development. In any of the organization, the stakeholders includes the public, the policy makers, researchers, the advocacy groups, employees, and the consumers among other people who are affected by the law (Lemke, 2015). Each of the stake holders comes up with his or her different opinion in the development of the policies. However, there are six major types of stakeholders. These are the customers, employees, investors, suppliers, communities, and the government (Corperate Finance Institute, 2019). As the different stakeholders have the different interests, their contribution to the development of the policies is different.

3. Reasons for Engaging the Stakeholder

In the stakeholders’ engagement, there is different reasons as to why they are involved. Among them is the production of the quality decision making. Secondly is for the avoidance of the duplication of the policies together with the identification of the commonality. Thirdly is to increase the effectiveness and the efficiency of the policy as it will be covering all round. Fourthly, it increases the practices of the risk management. Fifth, it enhances a great sensitivity of the policy to all the needs and the wants of the community. Sixth, there is a high degree of confidence of the policies together with the transparency as the practices will be aligned with the needs of the society. Lastly, it helps in increasing the accountability of the investments of the public resources hence trustworthy and quality policies (Lemke, 2015). All these reasons makes the policy to be effective and supporting both the external and the internal environment of the organization in one way or the other. As a result of these, there is a development of the effective and efficient policies.

4. Stages for the Policy Development

Even though there are no guidelines and the rules for the development of the policies, the roles of the stakeholders play a major role in the process of the decision making. The general stages for the policy development are as follows. The agenda setting, analysis, formation of the policies, implementation, review and the evaluation of the policies (Siu, 2013). With the different phases for the policy making, the different stakeholders are being in the different phases for the cycle of the policy development. At this level, it is also where we will be able to know the exactly when the stakeholders will be engaged in the process of the policy development. This steps can be skipped, reversed or even recycled throughout the lifetime of the development of a single policy (Lemke, 2015).

5. Impacts of the Stakeholders in Policy Development

Stakeholders are the very important bodies in the development of the policy. They have a lot of impacts in that they give the valuable feedback and the information which is important is important in the development of the policies. Besides, they help the cooperation to identify the risks in the development of the policies together with the external risks that might affect the policies and running of the organization. The stakeholders are very important as they are the ones which led to the success of the company.

6. Challenges Faced

The engagement of the stakeholders in the policy development has several challenges. The first challenge is the identification of the right stakeholders who will well represent a large group. Secondly are the resources which are needed for facilitate the engagement of the stakeholders to all the processes for the policy making (O'Neill, 2011). Thirdly is to determine the ways in which the input of the stakeholders together with the different cultures that are involved among the different stakeholders. Lastly is the challenge of articulating all that could be done by the stakeholders.

7. Conclusion

In conclusion, we can see that the stakeholders are very important people in the organization. Their influence is very powerful as it the one which either led to the success or the failure of the organization.

References Corperate Finance Institute. (2019). Stakeholder. Retrieved from CFI: https://corporatefinanceinstitute.com/resources/knowledge/finance/stakeholder/ Lemke, A. A.-W. (2015). Stakeholder engagement in policy development: challenges and opportunities for human genomics. Genetics in medicine, 949-957. O'Neill, M. B. (2011). Executive coaching with backbone and heart: A systems approach to engaging leaders with their challenges. John Wiley & Sons. Siu, B. C. (2013). Developing public policy: A practical guide.

 

Running head:

 

STAKEHOLDERS ENGAGEMENT IN POLICY DEVELOPMENT

1

 

 

 

 

 

 

 

 

 

 

Stakeholders Engagement in Policy Development

 

Student’s Name

 

Institutional Affiliation

 

 

 

Running head:

STAKEHOLDERS ENGAGEMENT IN POLICY DEVELOPMENT 1

 

 

 

 

 

 

 

 

Stakeholders Engagement in Policy Development

Student’s Name

Institutional Affiliation