Does your business strategically onboard all key stakeholders to maximise productivity?
The interdependent parts of a business include its internal and external stakeholders. The challenge is to engage all these stakeholders either directly (staff and suppliers) or indirectly (investors and customers) in helping you fulfill your social, environmental and economic responsibilities, obligations, shared values and vision.
Developing a stakeholder map is a good way to review all of the people involved in your activity and then determine the best way to engage with them. It’s important to remember that you must allow for communication to flow in both directions. The ultimate objective is to build a culture of innovation across the organisation and its key stakeholders
One of the most important aspects of your sustainable innovation journey is telling all who will listen about your progress and success. This means tracking your activity across all aspects of your Value Chain. Then it’s a matter of creating a communication piece that tells your story in an engaging and meaningful way. The goal is to bring your action to life. Telling stories of real people along your Value Chain will show your customers that you are serious about your sustainability goals and willing to be transparent in their implementation.