...Why does stakeholder engagement matter? Stakeholder engagement is considered to be important for the long -term success of the business. Nowadays more businesses are concerned about collaboration since they realize that emotions play a great role in determining business outcomes. In recognizing this, they tend to use more communication strategies aimed at engaging their customers more broadly and deeply. Here’s a map showing the significant impact of that stakeholder engagement events have on customer perception. http://www.coleridgeconsulting.co.uk/our-services/stakeholder_engagement_benefits.htm This is how I think about why stakeholder engagement is important: Stakeholder engagement displays the willingness to listen. It enables two-way communication which not only provides information but also seeks new inputs to the system. By receiving more information from customers, it leads to effective decision making by addressing possible problems in advance. Stakeholder engagement help managing business risks. Stakeholder engagement shifts from individual to shared responsibility. It turns opposition into support that helps building emotional connection to the organization and create organisational loyalty. By understanding how people are motivated, it allows the company to more easily identify new solutions that get greater stakeholder buy in. Moreover, when people feel be engaged, they are willing to put extra effort towards the business that they trust or...
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...Stakeholder engagement Stakeholder engagement is a process which is close to the heart of all major organisations which have a sound operating philosophy. By engaging with the stakeholders, the CEO’s ensure the long term success of their business or projects. This is by getting the various interested parties to buy into the success of their venture by making them a part of the decision making and also ensuring that their concerns or requirements are met. Even though this may be driven by rules and regulations to a great extend, we are witnessing a more proactive, inclusive and broader approach in recent times. This is usually a cradle to grave approach taking into consideration the whole life span of the project and its continued or total impact on the various parties involved. The positive impact of good stakeholder relationship on reputation and in turn the profitability of the venture is well recognised by the business community. In fact the brand value of a company is directly proportional to its positive rapport with its stakeholders. As in any relationship mutual trust, respect, transparency and understanding, all play a part in maintaining a constructive engagement with the stakeholders. It takes time to build trust and past records become very important for an organisation embarking on a new venture. Organisations have to tailor their engagements to suit their business depending on the size of the project, its nature and impact on the stakeholders and the environment...
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...Meeting the Challenges of Stakeholder Engagement and Communication: Lessons From Teacher Incentive Fund Grantees The Harvesting Project Julia E. Koppich J. Koppich & Associates Meeting the Challenges of Stakeholder Engagement and Communication: Lessons From Teacher Incentive Fund Grantees As of August 2010, a total of 33 states, school districts, charter school coalitions, and other education organizations¹ had received Teacher Incentive Funds (TIF) to redesign compensation programs for teachers and principals. The U.S. Department of Education named a new cohort of TIF grantees on September 23, 2010. TIF grantees have faced a number of challenges as they have worked to design and implement new educator pay programs. Among the most demanding challenges has been developing a targeted set of metrics around available and manageable data. Grantees use these metrics to measure teacher or principal effectiveness and assign pay. Recently, grantees have made it a priority to sustain operation programs once their federal funding expires. TIF grantees have also found, often belatedly and unexpectedly, that effective stakeholder engagement and communication are challenging and essential to the success of their pay programs. Stakeholder engagement helps to create buy-in and initial acceptance of the TIF plan. It allows different voices and perspectives to be heard and recognized as new approaches to compensation develop. Communication provides the synergy to broaden buy-in and...
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...in Canada such as the impacts of development on things such as agriculture, air quality, wildlife, lakes, rivers, oceans and water supplies, greenhouse gas emissions, contamination from industry activities. Firms are under pressure to minimize their industrial footprint. One way of managing their environmental impact is through stakeholder engagement to identify sensitive environmental issues that are at the community level and to work with the public to make sure that development is responsible and come up with solutions to fix concerns. Stakeholder engagement is a process that involves any individual who is directly affected by decisions made by firms as a way to minimize the effect on the environment by working with the stakeholder to implement a solution. Stakeholder engagement has a critical role in informing the public of potential impacts of a project to come up with technical and managerial approaches that will allow benefits to be maximized while reducing consequences; best of both worlds for both the company and the stakeholders. Though it’s not as simple as that, public involvement requires a two-way communication street so that stakeholders and the firm can work together to solve any issues. This...
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...IT Stakeholder Engagement Assignment Introduction This brief essay explores the features of Yammer, the benefits that will bring to Supercheap Auto and the potential concerns or risks that will bring by Yammer, a schedule plan for Yammer testing also gave. Supercheap Auto is a thriving specialty retail business, specialising in automotive parts and accessories. Currently there are over 280 stores across Australia and New Zealand and more than 3,800 team members (Supercheap Auto, 2014). Yammer was called the enterprise version of Facebook, but has many features that Facebook does not possess. Yammer is a hybrid medium that combines traits from many communication technologies, ranging from SMS, IM, email, and traditional weblogs (Ingebricson 2010, p. 12). Yammer is a private social network that brings together people, conversations, content, and business data in a single location. Founded in 2008, Yammer was acquired by Microsoft Corporation in 2012 and is now part of the Microsoft Office Division. More than 200,000 companies worldwide use Yammer to engage employees, collaborate and innovate (Yammer, 2014). By introducing Yammer into Supercheap Auto, all employees can easily stay connected to coworkers and reach the information, collaborate with team members and make an impact at work. And because Yammer can be easily accessed through a web browser or mobile device, we can connect and collaborate anytime, anywhere. What Yammer will bring to our company To succeed with...
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...understand. Often the rhetoric is about rigour, thoroughness, accountability and professionalism. But if communication doesn't happen well, all those wonderful professional skills can become sidelined and irrelevant. The consistent picture is that the finance professional who can communicate effertively becomes a crucial and influential part of a leadership team. The finance A professional who doesn't communicate well is regarded as a necessary evil, an encumbrance, a tedious part of the process and a bore. The finance professional can either be at the centre where they are influential, engaged and vital to success, or they can become sidelined and, at worst, regarded as a liability because of their inability to connmunicate with stakeholders. So how is this best avoided? The finance professional has so much to offer. Key principles are about clarity, curiosity, thinking through consequences and being corporate. Clarity Clarity is about effective preparation, identifying key points, keeping it simple, ensuring that the message is 62 August 2008 acc0untancyma9azine.com nicatií It is about listening, and listening again. It is about conversations that operate on a range of different levels; some will be very focused and others will be more open and creative not too cluttered. It is a relentless focus on what is most important and not being diverted by the...
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...Dalda promises to offer its consumers “The Same Pure Taste and Quality” savored by generations of Indians. Due to unique Brand Elements of Dalda , it continues to reign in its own category. It continues to be most trusted cooking medium and remains in the top five brands in its space. Brand Expression (Green Palm Tree signifying freshness ) and Emotional Connect (Trust and Tradition ) are the two basic brand element of the product. Delivering Brand promise starts with a commitment from our leaders Business CEO is leading this and has secured the commitment from his Executive Leadership Team. We design a program for the long term. The brand will be reflected in everything we do – our products, services, environments and communication. The brand will be reinforced in other people programs, i.e. reward and recognition. The brand provides clarity about what we can offer and therefore makes it easier for our customers to make an informed decision when they consider Dalda amongst alternatives. If we live up to our brand promise, we deliver higher standards consistently to the customer. In Bunge, delivering brand promise is an organization wide ongoing process. The brand and brand promise is linked to job descriptions , training programs and evaluations. We have developed an effective brand education program that goes into detail about the brand’s position, personality, promise and benefits. If the brand was built on customer and employee insight, we share that insight...
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...LEARNING’S ROLE IN EMPLOYEE ENGAGEMENT You often know it when you walk into a place of business. You can tell who is bored, distracted or unhappy. And you can tell who is focused, invested and engaged. Most employers prefer the latter type of employees, of course, because they tend to work harder, be more productive, provide better customer service, and are often just more fun to work with. But determining how to engage employees is a major challenge. The business literature provides few sure-fire, easy-toimplement ways of increasing employee engagement. With this challenge in mind, the American Society for Training & Development (ASTD) commissioned the Institute for Corporate Productivity (i4cp) to conduct a survey and develop a study on employee engagement. “Learning’s Role in Employee Engagement” was sponsored by Dale Carnegie Training. The goal was to gain an overview of engagement in today’s workplace and to find out how organizations can boost engagement levels, with a particular focus on learning’s role in the process. The final report is based on survey responses from 776 HR and learning executives and an extensive review of the workplace literature. The results were intriguing. The research team found that engagement truly is an issue of major significance to most organizations, which is probably related to the fact that the average organization has some serious engagement problems. Only about a third of the average respondent’s workforce is highly engaged, and nearly...
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...TRENDS IN EMPLOYEE ENGAGEMENT GROUP MEMBERS Tage Anga PGP28362 Avinash K PGP29001 Kaushik Jana PGP29024 Sirisha Jayanthy PGP29032 Sachin Waghe PGP29034 Pritesh Dindor PGP29039 Subhojit Majji PGP29040 NEW TRENDS IN EMPLOYEE ENGAGEMENT Introduction Organizations are struggling to retain the best talent at work and are striving to create an emotional bond to their organization in the minds of the employees. But, for the employees, excitement might be getting diminished as there is no time and are rolling along the chain of busy life in office by attending conferences, meeting the targets, convincing the clients etc. Normal office routines during the day might slump under tremendous work pressure. Organizations who have consistent employee engagement activities keep their workforce unbelievably active. An engaged employee is a productive employee. There is a direct relationship between employee engagement and employee satisfaction, retention, motivation and above all, productivity. Employee engagement activities at office will always keep the employees refreshed and relaxed. Having fun at work will augment team building, bring togetherness, relieve stress and make the employee emotionally bonded to the organization and this will also have an effect on the attrition rates. Employee engagement activities are absolutely...
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...The Project Report Sahina Puri & Neha luthra Western International University Res 600 Graduate Research Methods Mrs Shilpi Jain 05 Th March 2010 Table of Contents Acknowledgement..................................................................................................................3 Executive Summary.................................................................................................................4 Introduction.............................................................................................................................5 Explanation of variables...........................................................................................................6 Hypothesis................................................................................................................................7 ACKNOWLEGDEMENT We would like to express our gratitude to all those who gave us the possibility to complete this project special thanks to our Faculty Prof.Shilpi Jain who gave us all support to complete this project and gave us all the possible knowledge regarding the subject which has helped us in understanding Business Research in much depth. ...
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...Digital Technology: Its Impact to marketing strategies Digital marketing is no longer about merely adding online channels to the media mix; it is about integrating digital into all facets of marketing. Our global expertise—we have more than 50 dedicated digital marketing experts in more than 30 locations—across digital analytics, market research, technology, business design, and online strategy helps clients bring the full potential of digital marketing to bear on their business. What we do Digital marketing engagements are typically multifaceted, solving for specific digital marketing challenges while building ongoing client capabilities. In addition to defining new roles and responsibilities and helping develop employees’ skills, we address technology infrastructure issues and identify potential partners. We work with clients primarily in three core areas: • Harnessing digital marketing to transform business effectiveness We help clients drive higher sales productivity and other performance gains through digital marketing. This shift involves mastering multichannel to generate distinctive and practical insights from digital sources as a starting point for clients to develop new contact strategies, streamline planning and execution processes, and upgrade internal capabilities. • Optimizing the customer experience across channels We work with clients to integrate the flow of the customer experience across channels (e.g., face-to-face, telephone), opening up new lead sources...
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...* I had my fiancee take the LCI and his scores are as follows: * Sequence:28 * Precision:21 * Technical Reasoning:14 * Confluence:19 * * According to the LCI my fiancee is a Dynamic Learner * * Sequence : He uses as needed * My fiancee plans out his whole day. He runs errands according to the location. But if something comes up it's difficult for him to readjust to these situations by making suggestions by making suggestions or splitting the errands with him. * * Precision: He uses first * Anything that benefits our family, my fiancee will pursue it diligently. He is like a blood hound when it comes to information. We restore classic cars so he finds out the cost of the parts that we need. He is always on the internet to see the top dollar amount that we could get from restoring certain models. He likes to ask a lot of questions because he likes details, unlike myself. Yet we work well together with this pattern. * * Technical Reasoning: He uses first * I love my fiancees Technical Reasoning. There's not much that he can't fix or operate. He uses his Technical Reasoning when he works on cars, fixes the plumbing, when building furniture, and any fabricating that may be needed. His interest lies in taking things apart and putting them back together just to see how something works. Anything that is broke he can fix, this is something that gives him pleasure. * * Confluence: He uses as needed * My fiancee is willing to take...
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...Millennial’s Guide to Rewriting the Rules of Management” by Brad Karsh and Courtney Templin. This assignment will consist of the points I found to be most relevant in the second half of the book and why. After explaining the main points, I will discuss my personal refection of the book and whether or not I am fond of it. The Last Seven Chapters In my portion of the book, Brad Karsh and Courtney Templin went into an in-depth explanation of six of the ten Rewritten Rules of Management. They incorporate many examples from their own personal work experiences as well as of employees all over the globe to emphasize their ideas. These are the six main points discussed in my section: * Ownership * Navigation * Negotiation * Engagement * Collaboration * Teaching “Own It: Taking – And Giving- Responsibility” As a manager, ownership can be defined as taking responsibility for your actions along with the actions of the members of your team. We, as humans, typically seek external forces to blame the results of a bad situation instead of looking internally by holding ourselves personally accountable. Think about a time when you were playing a game and blamed the referee when, in all actuality you would have won this game if you had made those important plays. The idea of ownership is brought to our attention through the use of a story about Captain Mike Abrashoff. The captain transforms an irrelevant Navy ship into a combat readiness trophy winner. He places...
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...Dan Lupascu, Raluca Gâlea 155 CONSIDERATIONS ON REGULATING THE ENGAGEMENT IN THE NEW ROMANIAN CIVIL CODE1) AND SOME FOREIGN LEGISLATION Dan LUPAùCU Raluca GÂLEA Abstract The new Civil Code brings back into the Romanian legal landscape a very rare and apparently obsolete institution – the engagement. This article analyses the evolution of engagement, its substantial and formal conditions, the content of this sui generis act and also the sensible issues concerning the judicial effects of the engagement, especially as regards its cessation. Also, elements of comparative law are depicted, highlighting the correlation between the consequences of breeching the engagement and the fault of parties in other law systems. Keywords: engagement, the promise to marry, breeching the engagement, accountability, gifts. 1. Introduction The engagement has a considerable history, being mentioned even in the Old Testament, under the Hebrew term of „aras” having the meaning of „engagement to marry”2) or „vow to marry”. As regards the religious implications, the man and woman were already considered as husband and wife, without the right to sexual relations until the marriage3). According to Vasile the Great, breech of these interdictions was sanctioned with exclusion from communion for 11 years. Considering the engaged persons as being married also implied a series of extremely severe consequences. For example, the priest could refuse to wed a person who was initially engaged during...
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...Microsoft Case Study Microsoft Values As a company, and as individuals, we value integrity, honesty, openness, personal excellence, constructive self-criticism, continual self-improvement, and mutual espect. We are committed to our customers and partners and have a passion for technology. We take on big challenges, and pride ourselves on seeing them through. We hold ourselves accountable to our customers, shareholders, partners, and employees by honoring our commitments, providing results, and striving for the highest quality. Microsoft Australia launched the ‘Australian Software Developer Community’ in November 2010. The results were immediate, giving new members a local presence for like-minded developers to exchange ideas and network. The launch of the group on LinkedIn allowed Microsoft to engage local developers, share resources and help them to become more productive and successful, all within a Microsoft branded environment. Christian Long staff, Developer Audience Marketing Manager at Microsoft Australia, says, “We wanted to target web developers or people who are interested in web development with resources to help them become more productive and successful. This in turn helps drive Microsoft’s success. By joining our group on LinkedIn, developers can seek answers to problems, network, and discuss big ideas. Our LinkedIn campaign sponsored in Mails that invited developers to join the Group. We used the banners within the group to promote our new products...
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