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Stakeholder Management: Your Secret Weapon in the AI Eraby@mayorka

Stakeholder Management: Your Secret Weapon in the AI Era

by Kseniia MaiorovaNovember 5th, 2024
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In a world where GenAI writes your specs and creates your user stories, your superpower is getting people on your side. Here's the game plan: - Map stakeholders by power and interest (it's simpler than it sounds) - Do the real work before the meeting (those "quick coffee chats" aren't really quick) - Speak their language (executives want numbers, engineers – feature details) - Build alignment progressively (start small, win big) Want the full playbook? Keep reading.
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What are stakeholders anyway?

While you're debugging that complex feature prioritization algorithm or fine-tuning your AI-powered analytics dashboard, there's another system that needs your attention – the human one. Simply put, stakeholders are anyone who can impact your product's success or is impacted by it.


Think of it as a distributed system, where each node (stakeholder) has its own priorities, processing power (influence), and communication protocols. Your job? Being the senior architect of this human infrastructure.


In the age where GPT can help you write a PRD and GitHub Copilot can auto-complete your code, managing these human connections has become your key differentiator. Because while AI can help you build the product, it can't navigate the complex web of human dynamics that makes or breaks your product's success.

The well known power-interest matrix: your strategic compass

Think of your stakeholders as characters in a chess game – each with their own moves and importance.


Here's how to map them:

  1. Key players (High power, High interest)

    These are your most crucial stakeholders. They care deeply about your project and have the power to make or break it.

    Who they are: your direct VP, product leadership, key engineering leads, major client representatives (for B2B products).

    Strategy: manage closely, regular deep-dive sessions, early involvement in decisions, frequent alignment checks, priority response to concerns.


  2. Satisfiers (High power, Low interest)

    They have significant influence but might not be deeply involved in day-to-day activities.

    Who they are: C-level executives, leaders from adjacent departments, legal/security teams (for relevant projects).

    Strategy: keep satisfied, concise impact-focused updates, clear escalation paths, focus on business metrics, minimal time investment required from them.


  3. Informers (Low power, High interest)

    These stakeholders are deeply invested but might not have direct decision-making power.

    Who they are: peer PMs, design teams, customer support leads, product marketing managers.

    Strategy: keep informed, regular status updates, leverage their insights, include in relevant discussions, use as early feedback source.


  4. Monitors (Low power, Low interest)

    They're connected to your project but not directly involved.

    Who they are: distant team leads, support functions, external vendors.

    Strategy: monitor, periodic high-level updates, standard documentation access, include in broader communications.


To approach each stakeholder in the group you’ll need to analyse their and your needs so you could choose the best strategy:

Decision-making style

Communication preferences

Success metrics

Data-driven vs. intuitiveQuick decisions vs. thorough analysisIndividual contributor vs. consensus builder

Meeting format (1:1 vs. group sync)Information format (detailed docs vs. brief summaries)Update frequency

Personal OKRsTeam goalsBusiness metrics they care about


But how do you start ASAP? Instead of giving you a boring checklist, let's talk real growth strategies:


Start small, think big

Begin with your immediate circle. That engineer who always looks skeptical in planning meetings? Take them for coffee. Understanding their doubts might be more valuable than any project management certification.


Learn the languages

Each stakeholder group speaks their own dialect:

  • Engineers appreciate specificity and logic
  • Designers thrive on the 'why' behind decisions
  • Executives love revenue impact and business cases


Master these languages, and you'll be the translator of product development.


Build your diplomacy toolkit

Start collecting your own set of moves:

  • The "let me understand your perspective" coffee chat
  • The "here's what I'm thinking" pre-meeting alignment
  • The "just checking in" status update that's actually strategic

When things get messy – your survival guide

Let's be honest – sometimes stakeholder management feels like trying to solve a Rubik's cube in the dark. Actually, it gets more complicated the higher you get as your stakes get higher. Here's how to handle the most common sticky situations without losing your mind.

The "everyone has different priorities" puzzle

Picture this: your design team is passionate about the perfect user experience, engineering is concerned about technical debt, and executives want it launched yesterday. Sound familiar?


Instead of playing referee in this priorities royal rumble, try this approach:


First, acknowledge that everyone's sort of right. Then, help them see the bigger picture. Sometimes, when facing a controversial product change, the winning move wasn't picking sides – it was reframing the conversation entirely. "How do we help users discover more value?" became a rallying cry that united different perspectives.


Pro move: create a shared opponent. Whether it's market competition or user pain points, nothing aligns priorities like a common challenge.

The "silent resistance" syndrome

Sometimes the loudest "no" is silence. You know the signs: polite nods in meetings, zero pushback, and then... nothing happens.


The fix? Channel your inner detective. Those 14 pre-meetings before the YouTube strategy summit weren't just about presentation practice – they were about smoking out concerns that wouldn't surface in a group setting (source: Lenny's Newsletter).


Remember: If someone's not voicing their concerns, it doesn't mean they don't have any. It might mean they're saving them for a more interesting moment. Like your final presentation to the board.

The "too many cooks" chaos

When everyone needs to be involved but no one can agree, try the "progressive alignment" technique. Think of it like building a house – you don't argue about the color of the curtains before the foundation is set.


Start with small agreements and build up. "Can we agree on the problem we're solving?" is a much easier starting point than "Here's my complete solution."

The "this is how we've always done it" wall

Innovation's greatest enemy isn't bad ideas – it's comfort with the status quo. When facing this, your best weapon is data combined with empathy. Show the cost of inaction, but acknowledge the validity of experience.

Pro tip: let them be the hero of the change story. "Your experience with the old system makes you the perfect person to help us improve it" works better than "Sorry, this old thing needs to go."


The Grand Finale: Your Stakeholder Symphony

Remember when we started talking about stakeholder management being your superpower in the AI age? Well, here's the truth: while AI can analyze data, generate code, and even predict trends, it can't navigate the beautiful mess of human dynamics. At least not yet.


Your real superpower isn't just managing stakeholders – it's being the person who can take a room full of different perspectives, priorities, and personalities, and turn them into a coherent story moving in the same direction.


Think of yourself as a conductor. Each stakeholder is playing their own instrument, focused on their own part. Your job isn't to play every instrument – it's to make sure they're all playing the same song.


As you move forward in your PM journey, remember:

  • The best solutions often come from the most difficult conversations
  • Every stakeholder interaction is a chance to build trust for future challenges
  • And yes, sometimes the most strategic move is just taking someone to coffee


In a world where technical skills are getting increasingly automated, your ability to bring people together, align diverse perspectives, and drive meaningful change isn't just valuable – it's irreplaceable.


Now go forth and orchestrate your stakeholder symphony. Just don't forget to enjoy the music along the way.