CortexVibes

Wednesday, November 22, 2017

Stakeholder mismanagement

What is common between these three cases?

1) A microfinance company gets itself pushed into a corner and the entire industry gets badly affected

2) An industry leader has a prolonged period of uncertainty arising out of the CEO calling it quits

3) A mass media project fails to meet release deadlines due to unexpected constraints coming up

Well, those actually familiar with these cases know....a plain and simple issue of stakeholder mismanagement by the management.

Stakeholders are not always only the easily visible ones like regulators, employees, society etc.
Often, they are hidden and it takes some foresight to anticipate their moves.

Just as human choices are rarely entirely rational , stakeholder interactions with management need not necessarily be issue based and clinical.

While it is certainly possible to recognize expanded spheres of influence and take proactive action to negate negative outcomes, one major issue is ego. And reason and ego rarely share the same bed !

0 Comments:

Post a Comment

<< Home