There is this thing in the work of business management known as stakeholder management. The interesting thing about it is that it now sees growing popularity in being implemented to natural resource management. In terms of the management of natural resource, stakeholder analysis refers to a method of identifying obvious interest groups that are affected by the utilization and conservation of natural resources.
Unfortunately, a definitive definition of a stakeholder in the context of natural resource management is something blurred. Each expert in the sector has their own version of definition. It is especially difficulty to pinpoint the party holding a stake and the result may differ based on available potential stakeholder. Stakeholder analysis in natural resource management has several aims. It seeks to identify and group the stakeholders that could have influence in the sector.
It tries to develop a way to understand the reason why changes take place. Stakeholder analysis seeks to find out who can influence the changes to happen. And stakeholder analysis tries to figure out the best way to manage natural resources. The presence of these aims leads to transparency and clarity in making policies, which allow stakeholders to realize the possible conflicts of interest and pave a way into finding resolutions.
There have been a lot of theories regarding but there is one framework that defines the stages of a stakeholder analysis in the context of natural resource management. The framework is designed to help ensure that the analysis is made specific to aspects of natural resource management that are essential. The stages in stakeholder analysis as defined by the framework start with the clarification of objectives of the analysis. It is then followed with placement of issues in a context of system.
Stakeholders and decision-makers are then identified. Investigation on the interests and agendas of the stakeholder then begins, followed by investigation on the patterns of dependence and interaction.
Stakeholder analysis in natural resource management is most relevant to address issues that are cross-cutting systems and the interests of the stakeholder, concerning multiple uses and users of the resource, having to do with market failure, involving subtractability and temporal tradeoffs, of unclear property rights, pertaining to untraded products and services, and related to poverty and underrepresentation.
There are also criticisms directed toward stakeholder analysis. It is said that stakeholder analysis would include too many parties which may lead to problems and other possible complications.