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Apply the Stakeholder Mapping tool to Tidal Lagoon
Typology: Assignments
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Apply the Stakeholder Mapping tool to Tidal Lagoon Stakeholder is a person or an individual who is affected by the action activities, achievements, goals of an organization. Stakeholders can be suppliers, employees, distributors, shareholders, Government, and community from which the organization operates. Who are the stakeholders relevant to Tidal Lagoon? The relevant stakeholders to Tidal Lagoon are The local Communities Educational institutions Businesses The environment Suppliers Competitors Customers Employees How would you map them from Tidal Lagoon's Perspective? Tidal lagoon has external stakeholders who have influence and power and are interested in the activities in terms of how it performs financially. Tidal lagoon spends more time responding and engaging regularly withthese external stakeholders and keep constant communication with them. On the other hand there are some external stakeholders that are communicated to only when necessary. Examples of this high level stakeholder in Tidal Lagoon are Investors/ Financiers : Macquarie Capital, Loans from Welsh Government and Capital British institutions, led by Prudential’s InfraCapital and InfraRed Capital Partners are companies that have invested in the project of Tidal Lagoon and pay close attention to the
activities and decisions made by tidal Lagoon. They will expect their investment to pay off. Environment/Communities: Tidal Lagoon being involved in large engineering projects have activities that could disturb the environment or communities hence, these projects undertake Environmental Impact Assessment (EIA) In line with the infrastructure planning Regulations. This ensures that decisions made on development proposals have taken into account environmental implications including consideration of human, biological and physical factors. Political entities - MPs from the conservative party and UK government agencies have an interest in Tidal lagoons. Their buy in it is important for the acceptance and sustainability of the projects. Delivering Partners: Major delivery Partners include Akins, General Electric, Andritz Hydro, Laing O'Rourke and Alun Griffiths ltd deliver and convert the power generated through the Tidal Lagoon. These delivery partners have an interest in the activities of the Tidal Lagoon and vice versa. Work Done With: Anne Wanjiku Waichigo References Freeman, R.E. (1984). Strategic Management: A Stakeholder Approach. London: Pitman Publishing. (from a project beginning in 1977 at the Wharton School)