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Effective Stakeholder Relationships: The Blueprint for Success
Effective stakeholder relationships are the backbone of any successful organisation. Strong relationships enhance an organisation’s reputation, reinforce its social license to operate and contribute to its long-term sustainability. In today’s highly connected world, the ability to foster and maintain positive stakeholder relationships has become more essential than ever. The first step in building these relationships…
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Why Every Company Needs a Stakeholder Relations Strategy
In today’s dynamic business landscape, where corporate actions are constantly observed and scrutinised, one question stands out: does your organization have a stakeholder relations management strategy? If the answer is no, you may be navigating without a crucial compass. Building, understanding, and executing an effective stakeholder relations strategy is essential for not only achieving sustained…
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A Path to Corporate Sustainability
Businesses must prioritise solid, transparent relationships with their stakeholders to stay relevant and sustainable in today’s fast-paced corporate world. This approach requires a robust stakeholder relations management framework, which is increasingly recognised as essential in good governance practices. A prominent guide in this area is South Africa’s King IV Report on Corporate Governance, a widely…
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The Dangers of Power Intoxication
We often hear people described as “power-drunk” in social circles. The harms of being intoxicated by power can have far-reaching consequences, frequently more damaging than many forms of inebriation. But what exactly does it mean to be “power drunk,” and why is it so dangerous, especially in dealing with stakeholders? Power drunkenness refers to the…
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A Major Stakeholder Relations Nightmare
In any organisation, stakeholders are the lifeblood, often determining the trajectory of projects, policies, or institutional success. However, not all stakeholders are cooperative or supportive. Some can be categorised as ‘recalcitrant’—those who resist change, are challenging to deal with, or are perpetually dissatisfied. Understanding and coping with such stakeholders is crucial for the stability and…
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Overcoming Negative Biases
The world is divided and replete with negative biases that impact society and business. However, by overcoming these biases, we can unlock our society’s and businesses’ full potential. Discrimination is not only detrimental to those affected by it but also robs society of the contribution of those who are discriminated against. Biases, conscious or unconscious, form…
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Giving is an investment.
Corporate Social Responsibility (CSR), sometimes called Corporate Social Investment (CSI), is a trend and a strategic cornerstone of modern business practices. It reflects how companies strategically interact with society and stakeholders. In today’s world, where companies are under the microscope for their impact on social, environmental, and economic spheres, CSR plays a pivotal role in…
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Giving is an investment
Corporate Social Responsibility (CSR), sometimes referred to as Corporate Social Investment (CSI), is not just a trend but a strategic cornerstone of modern business practices. It reflects how companies strategically interact with society and stakeholders. In today’s world, where companies are under the microscope for their impact on social, environmental, and economic spheres, CSR plays…
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Turning Conflict into Opportunity
Internal dissent is an inevitable challenge for companies of all sizes. While stakeholder disagreement can fuel innovation and drive positive change, unmanaged dissent can disrupt operations, lower morale, and damage a company’s overall effectiveness. Striking a balance between fostering healthy debate and maintaining a cohesive work environment is crucial for any organisation aiming to thrive.…
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A Risk No Company Can Afford
A company’s success is not solely determined by meeting legal requirements. It also hinges on maintaining its Social Licence to Operate (SLO)—the informal yet crucial approval granted by stakeholders such as the community, employees, consumers, and civil society. SLO is a foundation built on trust, ethics, and responsible corporate citizenship. When lost, it can have…
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