Successfully managing other people is one of the greatest challenges a manager can face, especially when they aren't your direct subordinates. The following lessons will cover how to deal with stakeholders and internal politics. You will better understand the role of key stakeholders, and how they have an influence within your organization. You will also be introduced to some best practices for motivating your team, and managing their performance. One of the more challenging aspects of becoming a manager is accurately identifying key internal and external stakeholders. Politics exist in almost any kind of organized structure, including business. If not properly managed, politics can create a harmful workplace. These kinds of politics can serve personal interests, and negatively affect your organization. It's essential for you to navigate these politics to move the right agenda forward. To do this, you'll need to understand the role of each stakeholder in your organization. Let's discuss the relationship between business politics and stakeholders, and how this can determine your success as a manager. The first step is getting to know some important internal and external stakeholders. You can do this by arranging to meet one-on-one with them. For example, you could ask an important investor to lunch to discuss their ideas, and elicit their feedback. Not only will this information help you and your team, but it's also likely that you'll develop a good relationship with this stakeholder, because you're showing interest in their opinion. You can even ask probing questions to better understand their agenda, and what each stakeholder hopes to gain. To take things a step further, you can get to know your stakeholders' interests, background, and education. These meaningful discussions may also shed light on any issues that you might not have been aware of. Outside perspectives can be useful when trying to figure out how to better lead your team. If you aren't engaged with any stakeholders, it might be difficult to reach certain goals, or meet expectations. Some may have hidden agendas, or conflicting goals, which can hinder your abilities as a manager. If you aren't able to build relationships with stakeholders, it'll be harder to get on the same page with them. Since most stakeholders have some kind of influence or role in your organization, it's your responsibility to identify which ones mostly affect your ability to lead.