Key stakeholders are identified by consideringthose individuals or groups who are most affected by and have the ability to influence the outcomes of a project or strategic initiative. This broad perspective ensures inclusion of all critical parties, internal or external, that can impact success or failure. The IASP SPP curriculum emphasizes the importance of comprehensive stakeholder analysis for effective engagement, risk mitigation, and support. Limiting focus to boards, customers, or shareholders alone misses other important influencers such as employees, partners, or regulators.【IASP SPP Study Guide - Stakeholder Analysis】【Freeman, Strategic Management】