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  • Essay / The Role of a Good Stakeholder Analysis for a Business

    For any business or startup to prosper, the most important aspect is its value for use by people. The larger the service or product required, the greater its business and success. Moreover, for any business, it is imperative that the facilities required by the customers are included in the product or service. It often happens that startups with many facilities available to customers end up in failure. As mentioned also, for any startup or business, there must be a thorough analysis of the necessary requirements. There must also be proper design and beta testing before the actual launch. The simple way to do this process is to get the information directly from end users. This can be done in different ways. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original EssayTraditionally, people used to call and take surveys from people, but nowadays no one answers such calls. So, now, in order to collect public response, surveys and polls are carried out online. It is therefore a simpler mechanism allowing any company to obtain maximum contributions to design its activity and its start-up. So, for the founders or developers of tourist home stay web portals offering the best stays at affordable rates, the main business players are travelers and tourists. Their need and requirement needs to be met and is not being met by the currently established web portals. Thus, in order to gather the opinions of key stakeholders, various methodologies need to be applied. The very first and reliable method is to prepare a survey that has few questions, as many people do not like to fill out long surveys. These investigations should be entrusted to big companies like Google, etc. who have well-established applications for conducting surveys of newly created businesses to reach people and help them improve. Apart from this, some rewards should be given, in any form, to people who complete surveys. Additionally, if someone shares the surveys and the shared person completes and gives the answer, other rewards should be given to them. Right now, social media is at its peak. So, getting a response from them helps a lot in knowing the demand of the young generation and what they expect from these portals. So, businesses should create their profile on the social media platform and share their concept on that page. They should also allow users to rate them on 5-point stars as well as comment replies. So, averaging the points awarded will help the company know people's likes and dislikes. In addition, people's comments will allow them to know the views of key stakeholders. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay On social platforms only, startups can take polls and short surveys with only specific questions that can be answered within a minute. In addition to these methods, businesses should review feedback on currently existing web portals on various platforms regarding what issues they are experiencing or what they need on the..