DETERMINING STAKEHOLDERS FOR FEASIBILITY ANALYSIS

Most techniques for stakeholder identification and salience in the pre-start up phase of a tourism development are not systematic in approach. This paper explores the utility of a systematic stakeholder analysis within a feasibility analysis. For a more inclusive assessment of stakeholder salience in the context of sustainable development, balancing the managerial lack of intrinsic stakeholder commitment, a third party perspective is added to the evaluation process. Contributing to the final evaluation of a development proposal, the coding scheme provides practitioners with parameters for stakeholder identification and salience. While application of a theory bears limitations in quantitative measurement, the results suggest that systematic stakeholder analysis is beneficial and useful in the context of feasibility analysis.