Stakeholder Information Management Software

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The importance of stakeholder commitments

Making, tracking and keeping commitments is recognized as one of the most important aspects of stakeholder relationship management. But, it is also one of the most difficult responsibilities to track and adjust over the lifespan of a complex initiative. In addition, commitments are often legally enforceable within the scope of

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The Benefits of a Thorough Stakeholder Engagement Policy

Benefits of a thorough stakeholder engagement policy

Companies around the world are rapidly moving towards meaningful consultation with stakeholders for a variety of reasons – and the benefits are worth the effort. The underlying driver is that collaboration between industry and stakeholders will lead to more sustainable development that takes into account societal and environmental needs and

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Stakeholder Engagement vs. Public Relations: What’s the Difference?

Public consultation is a necessary component of the project development process. In many cases, consultation with stakeholders is legally mandated, but there are many more reasons to engage the public than fulfilling regulatory requirements. In Canada and most other jurisdictions, consultation is regulated in order to ensure that the voice

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6 Steps to an Effective Stakeholder Relationship

Effective Stakeholder Relationship

Project managers understand the importance of nurturing a stakeholder relationship – and know that poor stakeholder management can cause an initiative to fail. Establishing open communication with key stakeholders, customers and suppliers is essential to set a project up for success right from the start. Stakeholders need to be consulted adequately and

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Why social responsibility is important

why social responsibility is important

  Over the past decade, Corporate Social Responsibility (CSR) initiatives have not only become expected but also highly scrutinized. Be it customers, employees, community members, NGOs, suppliers or investors, stakeholders require companies to provide evidence of the causes they support, and are looking for honest, authentic action. This is why social

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Social license to operate

  Social license to operate refers to the ongoing acceptance and approval of a project among its stakeholders. In this business climate, it is imperative that companies set their sights on achieving social license. Driven by stakeholders Stakeholders are the local community and other interested parties, such as NGOs, government

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9 Tips for Effective Stakeholder Management

effective stakeholder management

The key to effective stakeholder management is planning. With a good strategy and tactical plan in place it’s possible to handle all the “curve balls” that can come your way during the stakeholder consultation process. 1. Stakeholder Identification: Map out everyone who is affected by your project. What individuals, employees,

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The history of stakeholder management

Stakeholder analysis is now standard practice among most organizations, no matter what type of work a company or non-profit is undertaking. This principle can be traced back management theories from the 1930s, and as noted in this article by Henry J. Lindborg, E.D. and CEO of the National Institute for Quality Improvement,

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Best Practices for Stakeholder Relationship Management Software Implementation

  When investing in stakeholder information management software it’s important to put some consideration into implementation. Optimizing the set-up in order to account for how users and the software interact will help assure a positive outcome for your project. Download our FREE Stakeholder Relationship Management Software Guide here. So what

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Stakeholder communication model

stakeholder communication model

The Dialogic Change Model presents a structured way for organizations to plan and implement their stakeholder communication initiatives. 1. Exploring and Engaging: In this phase, the context of the stakeholder communication is explored. What factors may influence the dialogue? Who are the primary and secondary stakeholders? What systems are in place

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