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And, perhaps most importantly, it implies the willingness to honestly consider change as a result of stakeholder engagement.

“Stakeholder engagement implies a willingness to listen; to discuss issues of interest to stakeholders of the organization,” he further goes on to say.When focused on as a deliverable mostly divorced of the learnings of the process, the positive impact is minimized or worse still, negated.In SE, the means is in itself a large part of the end. Every organization must begin with recognising the importance of business impact of stakeholder views’ and thus of stakeholder engagement.Each party should ideally understand and transparently articulate their motivation.Taking the time and making the effort to fully comprehend stakeholders’ needs and wants (SWANS) will help lay the foundation for trust and understanding – critical first steps of a meaningful SE process.This, is the angle we’d like to explore through the current tbl theme on stakeholder engagement. The simple definition (the way that I like to see stakeholders) is: those individuals who are influenced by an organization or company’s processes or products and, in turn, influence the organization or company.Google will turn up some fancier definitions for you if complexity’s your fancy.’ highlights that key and recurring features of effective stakeholder engagement include: being proactive, open and inclusive, honest, responsive, and transparent, using two-way dialogue.Stakeholder engagement can be most beneficial in decision making: It leads to informed and sustainable decisions that are implemented effectively because of the broad support created by the engagement process, Jones adds.As the Stakeholder Map illustrates, key stakeholders of many industries’ and sectors, are similar.Primary stakeholders will inevitably include employees, shareholders, customers, local communities, suppliers, the environment.


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