What is Stakeholder Engagement?
Lo stakeholder engagement is the process by which a business or organization involves interested parties (stakeholder) in defining or implementing its strategy and decisions. The stakeholder they can be interior (for example, employees) or external (for example, customers, suppliers, local communities) and may have different interests in the organization or bring different benefits to the same organization. The stakeholder engagement aims to create a relationship of partnerships between the organization and the stakeholder to look for solutions that bring i greater benefits to all parties involved.
Why does your organization need a Stakeholder Engagement process?
Engage the stakeholder correct decision-making or planning processes allows your organization to achieve a comprehension deeper of the interests e needs of the parties involved and to make more informed decisions.
This approach creates a collaborative and shared climate of goals and methods for pursuing them. The willingness to listen to the concerns and suggestions of stakeholders, combined with the ability to identify the correct actors to be involved in each circumstance, it also increases the credibility , reputation of an organization. It also demonstrates ability to prevent and manage crises and to build stable common projects and sustainable over time.
Finally, participatory processes allow new ideas and perspectives to emerge, which can help improve yours competitiveness and stimulate theinnovation of organizations and communities.
