Importance of Stakeholder Engagement in Sustainability PPT
This PPT slide, part of the 23-slide Sustainability-based Management Primer PowerPoint presentation, presents an overview of stakeholder engagement as a critical component of sustainability-based management. It contrasts traditional business models, which often prioritize shareholder value, with modern sustainable practices that seek to create value for a broader range of stakeholders, including employees, shareholders, supply chains, civil society, and the environment.
Key points highlight the importance of regular dialogue with stakeholders. Companies that actively engage with their stakeholders are better equipped to anticipate and respond to various changes that can impact their operations. These changes encompass economic, social, environmental, and regulatory factors. The slide emphasizes that a proactive approach to stakeholder engagement is essential for adapting to the evolving business landscape.
The strategic value of sustainability is linked to a company’s ability to foresee and adapt to changes in its environment. This adaptability is closely tied to the necessity of a sustainability-based management approach, which encourages deeper engagement with stakeholders. The slide warns that neglecting these relationships can lead to increased conflict and diminished cooperation, ultimately disrupting a firm's operational efficiency and budget management.
A case example from the gold mining industry illustrates this point. It shows how stakeholder relations can significantly influence critical aspects such as land permitting and taxation. The study cited concludes that stakeholder engagement transcends mere corporate social responsibility; it is fundamentally about enlightened self-interest. This insight reinforces the notion that effective stakeholder engagement is not just beneficial, but essential for sustainable business practices.
This slide is part of the Sustainability-based Management Primer PowerPoint presentation.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
ESG Sustainability Corporate Social Responsibility Supply Chain Shareholder Value Mining Industry
Flevy is the world's largest knowledge base of best practices.
Leverage the Experience of Experts.
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Download Immediately and Use.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save Time, Effort, and Money.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
