psychology of stakeholder management sept 2016 - v2

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Psychology of Stakeholder Management PMI – Chennai Chapter – KSS – 10 Sep 2016

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Page 1: Psychology of stakeholder management   sept 2016 - v2

Psychology of Stakeholder Management

PMI – Chennai Chapter – KSS – 10 Sep 2016

Page 2: Psychology of stakeholder management   sept 2016 - v2

http:/tinyurl.com/h838owf

Can you please participate in the following survey ?

Many thanks for your support

Page 3: Psychology of stakeholder management   sept 2016 - v2

WON TOP HONORSPMI National Conference – Sept 2014

Managing GEN-Y Talent

Psychology for Project

Management

Creative Thinking

National Conference Publication

Psychology for strong

Business IT alignment

Spoke at many events

Page 4: Psychology of stakeholder management   sept 2016 - v2

Why Psychology?

Conclusion

01

02

03

Chal

leng

es

Identify powerful stakeholders early

Influence without authority

Effective Negotiation

Agenda

Page 5: Psychology of stakeholder management   sept 2016 - v2

Why Psychology

Human Factors are key to Project Success

Jonathan Haidt - Psychologist

Psychology can help PMs understand the human factors, analyze their interactions & manage them efficiently

Page 6: Psychology of stakeholder management   sept 2016 - v2

How to identify powerful stakeholders early ?

How to Influence without authority ?

How to Negotiate effectively ?

How to avoid pitfalls in understanding the needs of the stakeholders ?

How do we plan to get stakeholder buy-in?

How to create a collaborative environment ?

How to effectively communicate ?

How to manage resistance ?

How to build relationships ?

Stakeholder Management Challenges

Page 7: Psychology of stakeholder management   sept 2016 - v2

How to Identify Powerful Stakeholders Early?

Understand Sources of Power

Page 8: Psychology of stakeholder management   sept 2016 - v2

Understand Sources of Power

•Legitimate•Reward•Coercion

Structural Basis of Power

•Expertise•Information•Charisma

Personal Basis of Power• Priming• Belief

Cognitive Basis of Power

Page 9: Psychology of stakeholder management   sept 2016 - v2

How to Influence Without Authority?

Dr. Robert Cialdini

Six Principles of Persuasion

Page 10: Psychology of stakeholder management   sept 2016 - v2

How to Influence Without Authority?- Reciprocity

A $0.05 flower bring in

thousands in revenue

People tend to return a

favor

Page 11: Psychology of stakeholder management   sept 2016 - v2

How to Influence Without Authority?- Authority

Joshua Bell and the Subway Experiment

Need to establish

credentials to Influence

Page 12: Psychology of stakeholder management   sept 2016 - v2

How to Influence Without Authority?- Social Proof

To influence use the horizontal peer power

Asch Conformity ExperimentO Power – 2:00 – 3:30

Page 13: Psychology of stakeholder management   sept 2016 - v2

How Negotiate Effectively ?

Roger Fisher William Ury

Page 14: Psychology of stakeholder management   sept 2016 - v2

How Negotiate Effectively ? …

Separate people from the problem

Focus on Interests not

Positions

Invent the options for mutual gain

Insist on using objective criteria

Page 15: Psychology of stakeholder management   sept 2016 - v2

Focus on Interests not Positions

Position –What is Required?

Interests –Why is it Required?

Page 16: Psychology of stakeholder management   sept 2016 - v2

“Let us never negotiate out of fearBut let us never fear to negotiate “

Page 17: Psychology of stakeholder management   sept 2016 - v2

Conclusion

Need for Psychology

Sources of PowerInfluence

NegotiationRecommendations

Stakeholder Management

Psychology

Page 18: Psychology of stakeholder management   sept 2016 - v2

Further Reading

Page 19: Psychology of stakeholder management   sept 2016 - v2

Thank You

Ramanand Garimella

Global Competency Head - Program Management

[email protected]

TCS

Page 20: Psychology of stakeholder management   sept 2016 - v2

References

1. https://www.infoq.com/articles/standish-chaos-2015

2. Scott DeRue, “Influencing People: Building Your Base of Informal Power”, Coursera, Unit1

3. Emily Lawson and Colin Price, “The psychology of change management”, McKinsey Quarterly - June 2003

4. Dr. Robert B. Cialdini, “Influence: The Psychology of Persuasion” , Publisher - Harper Collins

5. Dariusz Dolinski et all, “Dialogue Involvement as a Social Influence Technique”, Personality and Social Psychology Bulletin, 2001

6. Sharon De Mascia, “Project Psychology”, Publisher – Gower, pp 73-86

7. Principled Negotiation - https://en.wikipedia.org/wiki/Principled_negotiation