The Stakeholder Engagement Manual Volume 2 - AccountAbility
The Stakeholder Engagement Manual Volume 2 - AccountAbility
The Stakeholder Engagement Manual Volume 2 - AccountAbility
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Analyse and Plan the <strong>Engagement</strong><br />
P2: SETTING STRATEGIC OBJECTIVES FOR ENGAGEMENT<br />
SUMMARY TEMPLATE T2:<br />
SETTING STRATEGIC ENGAGEMENT OBJECTIVES*<br />
(This is partly fi lled in to match the example business objectives given above:)<br />
What are our external drivers for stakeholder<br />
engagement?<br />
Examples:<br />
Complex and dynamic development of markets<br />
in region x.<br />
Changing customer expectations regarding<br />
responsible products and services.<br />
Importance of maintaining ‘licence to operate’<br />
Important opportunities in developing markets<br />
Increased regulation of products and services<br />
Decreased staff morale and negative media<br />
attention because of site closures.<br />
What are the risks of not engaging?<br />
What benefi ts can we gain from stakeholder<br />
engagement?<br />
Examples:<br />
Understand the market and fi nd partners<br />
important to be successful in region X<br />
Increased understanding of expectations and<br />
requirements<br />
Securing the licence to operate<br />
Identifi cation and realisation of opportunities<br />
Improved anticipation of and infl uence on<br />
regulatory developments<br />
Improved staff morale, more welcoming<br />
communities for new sites.<br />
Examples:<br />
Making the wrong development projections and failing to establish the relationships that<br />
are required for success in the market of region X.<br />
Failure to meet customers expectations regarding responsible products and services.<br />
Losing the licence to operate in host countries.<br />
Failure to make use of opportunities in and help in the development of developing countries.<br />
Failure of our products and services or research and development activities to correspond<br />
with regulatory developments.<br />
Less attractiveness as an employer and increasingly unwelcoming communities.<br />
Strategic objectives of engagement:<br />
*electronic version downloadable at www.accountability.org.uk<br />
Examples:<br />
Learn and understand long-term trends in the behaviour of stakeholders that shape the<br />
market in region X.<br />
Develop relationships that are key to success in region X.<br />
To understand customers’ expectations regarding the responsible production of goods.<br />
To inform our decision on the social and environmental management of our supply-chain.<br />
To manage the risks to our licence to operate in our host countries.<br />
To partner with those stakeholders for the development of and success in new markets in<br />
developing countries.<br />
To be informed of and involved in the shaping of current and potential regulatory<br />
developments regarding our products and services.<br />
To work with relevant stakeholders in understanding and mitigating socio-economic<br />
impacts of site closures.<br />
To enhance our reputation for responsible employment and site-management practices.