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Product Management vocabulary · Team & Stakeholder Communication

Stakeholder

Meaning in product management, with examples

/ˈsteɪkhoʊldər/nounCore term

In product management, stakeholder means: Any person or group inside or outside the company who is affected by a product decision or can influence it, such as executives, sales, support or legal.

In Turkish: paydaş, ilgili taraf

How it is used

PMs spend a lot of time on stakeholder management: keeping stakeholders informed, collecting their input and getting their support. Common phrases are key stakeholders, manage stakeholders and keep stakeholders in the loop.

Example sentences

  1. Let's share the draft with the key stakeholders before the review.

  2. Legal is an important stakeholder for anything that touches user data.

Common collocations

  • key stakeholders
  • stakeholder management
  • keep stakeholders in the loop
  • stakeholder update
  • alignmentA state in which people or teams agree on goals, priorities and decisions, so they work in the same direction instead of against each other.
  • buy-inReal support and agreement from the people whose help or approval you need, so that they back a plan instead of just tolerating it.
  • status updateA short, regular report that tells stakeholders what has been done, what is coming next and what risks or blockers exist.
  • escalateTo take a problem or disagreement to a more senior person because it cannot be solved at the current level or is becoming urgent.
  • product managerThe person who decides what a product should do and why, by understanding users and the business, and who guides the team that builds it.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Team & Stakeholder Communication

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