Question

When mapping a stakeholder ecosystem for a new technology, which participant is defined as the individual who controls the budget but does not necessarily use the product?

Accepted Answer

In stakeholder mapping, the individual who controls the budget but does not necessarily use the product is defined as the economic buyer. This role is responsible for the financial decision to purchase a technology or service, typically focusing on return on investment, total cost of ownership, and business value rather than day-to-day usability. While the end user interacts with the product to perform tasks, the economic buyer serves as the final authority on whether funds are allocated to the acquisition. For example, in a corporate setting, a Chief Information Officer might authorize the purchase of a new software suite for the marketing department; in this scenario, the Chief Information Officer is the economic buyer, while the marketing staff are the end users who utilize the tool to complete their specific workflows.

When mapping a stakeholder ecosystem for a new technology, which participant is defined as the individual who controls the budget but does not necessarily use the product?

In stakeholder mapping, the individual who controls the budget but does not necessarily use the product is defined as the economic buyer. This role is responsible for the financial decision to purchase a technology or service, typically focusing on r....

Community Answers

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When mapping a stakeholder ecosystem for a new technology, which participant is defined as the individual who controls the budget but does not necessarily use the product?

In stakeholder mapping, the individual who controls the budget but does not necessarily use the product is defined as the economic buyer. This role is responsible for the financial decision to purchase a technology or service, typically focusing on r....

Community Answers