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BENEFITS OF DOCUMENT
From necessity to value creation, remote work is becoming a viable option for many organizations that are seeking to reposition their competitive position. First seen as temporary shift to deal with the pandemic, remote work is now increasingly becoming a means to enhance an organization's competitive position. Remote work policies, however, do not operate in a vacuum. They cannot be drafted without considering how the interests of all relevant stakeholders are impacted by incorporating remote work arrangements.
The Creating Value Through RemoteWork (CVRW) Stakeholder Analytical Framework was created to facilitate strategic decision-making about incorporating remote work arrangements. Using stakeholder issue and impact matrices, the CVRW Stakeholder Analytical Framework assesses the importance and impact of various remote work policies on primary stakeholders.
The CVRW Stakeholder Analytical Framework serves two purposes:
1) To align the Interest of primary stakeholders by helping organizations understand the importance of remote work issues created by various remote work arrangements for each stakeholder. This allows for strategic decision making regarding remote work policies that incorporate respective aligned stakeholder interests.
2) To create value for primary stakeholders and the organization by helping organizations find, occupy, and protect a valuable competitive position through their remote work strategy. This results in the development of a remote work strategy that creates overall value for both stakeholders and the organization.
The CVRW Stakeholder Analytical Framework is an excel workbook that includes two matrices:
1) The "CVRW Stakeholder Issue Matrix" which is an issue-based stakeholder analytical matrix that is used to examine the importance of various remote work arrangements to the organization's primary stakeholders and the organization itself.
2) The "CVRW Stakeholder Impact Matrix" which is an impact-based stakeholder analysis used to examine the impact of various remote work arrangements on both the stakeholders and the organization
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Source: Best Practices in Stakeholder Management, Virtual Teams PDF: CVRW Stakeholder Analytical Framework PDF (PDF) Document, JML Business & Legal Strategic Consult.
ABOUT THE AUTHOR: JML BUSINESS & LEGAL STRATEGIC CONSULT.
The legal aspects of business strategy are growing increasingly important to better facilitate business strategic goals & objectives. [read more] JML Business & Legal Strategic Consulting offers business & legal strategic frameworks that merges traditional business strategic analysis with the law to strengthen a company's ability to develop a strategy that leads to: 1) sound decision-making; and 2) successful execution of business activities in order to achieve the company's objectives. JML Business & Legal Strategic Consulting is the Management Consulting Division of the Law Office of Janelle M. Lewis.
JML Business & Legal Strategic Consult. has published 3 additional documents on Flevy.
This business document is categorized under the function(s): Organization, Change, & HR Strategy, Marketing, & Sales
It applies to All Industries
File Size: 2.1 MB
Number of Pages: 14
Related Topic(s): Stakeholder Management Virtual Teams
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): Jul 8, 2021
Most recent version published: Jul 9, 2021
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