Byron's Babbles

Stakeholder Alignment

We are seeing a dramatic amplification that an individual voice can have within a business, organization, educational entity, or local, state, or federal government – bringing with it perspectives on not only what is right for those individuals and the organization or community, but increasingly, what is right for society at large. Thus we need stakeholders to be well informed and stakeholder alignment. In other words, all sections of stakeholders must optimize together.

Last week when I was in Germany with business and education leaders I discussed that modern organizations will need to transform to be ever more in tune to and responsive to the needs of both internal and external constituencies. I even got more specific and talked about this in terms of talent recruitment, acquisition, development, and retention. There needs to be internal talent community as well as an external one. We have reached a time when personalization must occur for those both being served by the organization and those carrying out the work of the organization. In the case of stakeholder alignment for talent (not ‘human resources’ to be exploited) we need to find ways to remain agile in gaining and teaching new skills necessary, create a cycle of learning, improvement and engagement for people, create culture in a world of remote working, and many other individual and societal issues.

Stakeholder alignment means every role has the opportunity to be transformed into a more strategic function. One company shared last week that through artificial intelligence (AI) the production data generated areas of development needed for development. Brilliant! Alignment of our internal and external ecosystems are crucial for success today. We must continue to use the tools available to create an interconnected awareness of our situation as it relates to all stakeholders.

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