This Case is about KNOWLEDGE MANAGEMENT, STRATEGY
PUBLICATION DATE: March 16, 2016 PRODUCT #: IIR156-PDF-ENG
Participating with your outside stakeholders is an important fund by which firms anticipate future disasters, but in addition create great value for the shareholders and society and not only diminish danger. So why do executives tend to blow off “corporate diplomacy,” which in many ways is among the top resources in the executive toolkit to help manage risk efficiently?
The author answers this question by revealing the myriad ways that executives are often stymied in their own attempts to optimize their stakeholder possibility. He sketches out the 12 largest dangers to resist. By identifying the main threats in the stakeholder environment, their adverse impacts can be mitigated by executives and confiscate their upside chance.