This column first appeared in Progress Magazine in March 2012......
One of the lessons I remember most as a young child was the
constant reminder from my father that I didn’t have to reinvent the wheel. Others before me had discovered the
path of least resistance and I should just listen to them, follow their advice
and “do the right thing.”
This lesson came back to me this week as I completed my
fourth stakeholder audit in as many months. As an independent consultant who specializes in strategic
planning, corporate social responsibility development and stakeholder
engagement, I have the truly amazing opportunity to work with organizations who
provide me full access to their key stakeholders and entrust me with reaching
out and determining what those stakeholders think of the organization, it’s
vision and mandate, it’s successes and challenges and where the organization
needs to focus on for the future.
In the past four months I’ve worked with two industry
associations, a health care organization, and a provincially driven agency. They are all good organizations with
solid histories, excellent staff and a strong record of results. What’s most interesting, are the key
challenges that stakeholders identified within each of these organizations that
they all have in common.
This got me thinking about all of the engagement exercises I’ve
done with Atlantic-based businesses over the past few years and surprise,
surprise, many of their challenges were the same.
Communication
This is the most common challenge I hear from stakeholders –
regardless of the sector.
Stakeholders consistently outline the challenge of not knowing what an
organization does, whether or not it has achieved success and, most
importantly, what that organization can do for the stakeholder. While fundamental to everything an
organization does, communications is perhaps the one area where most tend to
fail on a regular basis. Whether
some take it for granted or just don’t think of it, stakeholders continue to
feel a disconnect with the very organization that depends on them to help reach
their goals. While every manager
I’ve ever worked for fancied themselves an excellent communicator, the truth is
that solid, consistent, two-way communications with key stakeholders takes
focus, strategy and commitment.
Collaboration
Another key area stakeholders highlight is the
organization’s ability to work with other groups or organizations to ensure the
best focus and strategy possible.
This could mean collaboration between business and government, our
educational institutions and the private sector or even like-minded agencies that
offer similar services. Yet we
continue to see groups operating in isolation. Stakeholders want to see groups and organizations willing to
accept that they don’t always hold all the answers. They want to see integration and collaboration with a goal
of providing the best product, service or support possible.
Shared-Value
Beyond being a financially successful operation,
stakeholders want to see the added-value that organizations bring to the
communities in which they operate.
I’ve talked many times in this column about the concept of shared-value
yet many organizations remain unaware or are unwilling to act on the
opportunity to make a difference in
the lives of their stakeholders while at the same time, making a profit. Again this is not about
sponsoring little league teams or providing ball caps for golf
tournaments. It requires thought
and strategy and tends to be an after thought with many organizations across
our region.
Openness and Transparency
In addition to effective two-way communication, stakeholders
want to see organizations that are willing to be open and transparent in
everything they do. From profits
to solving challenges, stakeholders have greater trust and respect for the
organization that is willing to share through reporting and ongoing
communications. This allows
stakeholders to make informed decisions, generate greater awareness and
ultimately create stronger good will.
Leadership
Perhaps the most difficult to quantify, stakeholders
continue to highlight the lack of leadership within many of the organizations
in our region today. While it’s
not about the ability of the individual leaders, it is about the ability of an organization
to play a leadership role in whatever it is they do. Stakeholders want to be part of successful
organizations. They want to see an
organization that has the ability to inspire, to make a difference and to be
true innovators in their various disciplines or sectors.
So there you are.
Whether you’re a government agency or a private organization, are you
truly aware of what your stakeholders think of you and, even more importantly,
whether or not they see themselves within your organization?
Don’t assume.
Take the time to reach out to stakeholders and engage them in a
dialogue. Also don’t assume
they’ll be frank and open unless you employ an independent consultant who can
ask the tough questions and be prepared for the tough answers. While difficult to hear, I guarantee
its better to know than to remain ignorant.
I finally get what my father was saying. You don’t have to reinvent the wheel
and find out the hard way. Many
organizations have been down that path.
You have the ability to follow an easier one. A path that will lead to improved stakeholder engagement,
greater social responsibility and a stronger bottom line.
Mike Randall is a communications
and engagement specialist living in Moncton. He can be reached at mike@engageatlantic.ca.