Post by hasina789956 on Oct 29, 2024 8:34:57 GMT
Because companies are today increasingly scrutinized by their customers, employees, investors and society in general, it becomes crucial to take into account the expectations of all these “stakeholders”. Setting up a Stakeholder Council (SCC) can indeed be an effective tool to enable companies to stay in tune with their environment and improve their governance. This council, composed of representatives of the various stakeholders involved in the company's activity, allows for a better understanding of everyone's expectations and to respond to them in a proactive and targeted manner. This article guides you to understand the challenge of such an approach and gives you concrete keys to integrate it into your organization. By exploring both the benefits and challenges associated with this approach, you will discover how this tool can transform the way your company interacts with its environment, strengthening both its legitimacy and its ability to innovate in the face of tomorrow's challenges.
Why set up a Stakeholder Council? To strengthen transparency and trust A CPP allows for an open dialogue between the company and its stakeholders, in a “formal” framework. This reinforces clarity and mutual bulk email campaigns understanding, at the same time as it increases stakeholders’ trust in the company. By involving stakeholders in strategic decisions, the company gains legitimacy, because its choices are perceived as being the result of collective reflection and not only dictated by financial interests. To improve decision making By integrating the diverse viewpoints of stakeholders, the company can make more informed and balanced decisions, which take into account a form of “more general interest”. This makes it possible to anticipate risks, whether social, environmental or economic, and contributes to more peaceful management of the company.
To increase corporate social responsibility A CPP helps the company to better understand and respond to the social and environmental expectations of its stakeholders who are within the company's scope. This can obviously help to improve the company's reputation and strengthen its social commitment in its territory (employment, integration, inclusion, training, etc.). To hear other points of view… sources of progress! Stakeholder engagement can also bring new ideas and perspectives, driving innovation within the company. Stakeholders often bring different perspectives and “outside the box” ideas that can be valuable to the company. For example, a supplier may offer green solutions that improve the supply chain, while a customer may suggest product improvements that increase satisfaction. By incorporating these suggestions, the company can move toward more sustainable practices that align with current societal expectations.
Why set up a Stakeholder Council? To strengthen transparency and trust A CPP allows for an open dialogue between the company and its stakeholders, in a “formal” framework. This reinforces clarity and mutual bulk email campaigns understanding, at the same time as it increases stakeholders’ trust in the company. By involving stakeholders in strategic decisions, the company gains legitimacy, because its choices are perceived as being the result of collective reflection and not only dictated by financial interests. To improve decision making By integrating the diverse viewpoints of stakeholders, the company can make more informed and balanced decisions, which take into account a form of “more general interest”. This makes it possible to anticipate risks, whether social, environmental or economic, and contributes to more peaceful management of the company.
To increase corporate social responsibility A CPP helps the company to better understand and respond to the social and environmental expectations of its stakeholders who are within the company's scope. This can obviously help to improve the company's reputation and strengthen its social commitment in its territory (employment, integration, inclusion, training, etc.). To hear other points of view… sources of progress! Stakeholder engagement can also bring new ideas and perspectives, driving innovation within the company. Stakeholders often bring different perspectives and “outside the box” ideas that can be valuable to the company. For example, a supplier may offer green solutions that improve the supply chain, while a customer may suggest product improvements that increase satisfaction. By incorporating these suggestions, the company can move toward more sustainable practices that align with current societal expectations.