Stakeholder engagement is the process by which an organisation involves people: people who may be affected by the decisions it makes, and people who can influence its decisions or their implementation.
Effective stakeholder engagement is critical to individual and organisational success, as well as being a key part of corporate social responsibility. For a high performing organisation, engaging with stakeholders is not a choice. The only choice is when, and on whose terms. Without effective stakeholder engagement, organisations are frequently reduced to operating in crisis management mode; reactive and episodic, and frequently damaging to trust and reputation.
Organisational benefits include:
- enhanced reputation
- mitigation of risk
- better relationships with regulators
- potential access to innovation, new clients, and new business models
Effective stakeholder engagement generates:
- greater capabilities
- more capacity to influence
- the opportunity to benchmark best practice
- identification of new opportunities
Get Gritty focuses clients on meaningful stakeholder engagement, as a powerful process to manage risk, create competitive advantage, and identify new business opportunities.
GRIT – “indomitable spirit”
GRITTY – “strong qualities of tough uncompromising realism”
Workforce wellbeing is a key determinant of organisational performance. It has two elements: feeling good and functioning well. Poor wellbeing results in sub-optimal performance and reduces organisational output. Wellbeing is the number one driver of employee engagement and a better predictor of productivity than job satisfaction.
As wellbeing increases, resilience is also enhanced. The capacity to bounce back from adversity and to persist through repeated frustrations is a valuable asset in terms of both individual and organisational effectiveness. The development of personal wellbeing and resilience, a foundation for grit, are at the heart of Get Gritty’s approach.