Environmental Health Assessment-Stakeholder Plan - Assignment Example

The process of identifying stakeholders is very important for participatory analysis to be effective. There are various methods of doing this. J.M. Bryson (2003) lists eight thirteen different techniques of doing stakeholder identification and analysis. Here the method suggested in the source quoted earlier (Participation Analysis, 1990) has been followed to identify the stakeholders. They are listed below: The new multibillion-dollar industry proposed sees an opportunity to create a profitable venture by meeting a huge demand from KPLC.

In view of the hazardous nature of the industry, the regulatory authorities in Kenya have asked the company to incorporate certain additional safeguards such as shifting the location away from the city, providing safety equipment to workers, monitoring their health regularly, installing water treatment plants. All of this will mean both higher capital and operational costs. The company may have already factored these in its cost calculations. However, there must be a limit to which they would agree for cost escalation.

Any Risk Management plan must keep these concerns of the company to get a reasonable rate of return on investment and not push the company to incur costs beyond its bearing capacity. KPLC who is the targeted buyer will benefit from procuring from a local manufacturer which would lower their procurement cost and in turn affect the performance of their company positively. KPCL's primary interest would be that the new company formed has a competitive advantage over its current overseas supplier at all times.

If at all at some point the newly formed company becomes non-competitive, it will run the risk of going back to its earlier supplier and re-negotiating, possibly from a point of weakness. This may adversely affect the utility company and power distribution costs in the country.Setting up a local industry will no doubt create direct and indirect employment. The local labor force will be a direct beneficiary. The labor is most likely to be organized into a labor union, possibly with wider industry linkage.

The raw material suppliers to this project will be a direct beneficiary of the project. For them, well being of the parent company would be important. They could often emerge as strong influencers, though at this point of time their influence will be marginal.