A ratings‐based stakeholder analysis for a food production company, including trust and risk implications

Abstract

PurposeTo show how an ratings‐based approach to stakeholder analysis may be applied using an example in the food production industryDesign/methodology/approachAn approach developed in an earlier paper, applying various dimensions and an “affect criterion” in the waste management industry is tested out in the food production domain using expert judgment to see how well it can work.FindingsThe approach is shown to work but is not static and would need re‐consideration at least biennially.Research limitations/implicationsFuture research might be conducted on comparable companies in the same sector to ascertain the extent to which stakeholders have common influencesPractical implicationsThis is a useful tool for senior managers and strategists but is likely to require an “outside” expert in order to generate unbiased assessmentsOriginality/valueThe originality lies in the use of new dimensions to rate stakeholders