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 the theory bears limitations in quantitative measurement, the results suggest that systematic stakeholder analysis is beneficial and useful in the context of feasibility analysis.