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Engaging Stakeholders – What’s In It For Them?

Engaging Stakeholders – What’s In It For Them?

June 25, 2015
This article originally appeared on Innovation Enterprise. A majority of businesses today are at fault for almost constantly talking about the importance of engaging stakeholders. There are umpteen presentations and articles that discuss why it is important to engage stakeholders, the myriad of ways to engage your employees, vendors, customer, clients, and so on. While these are relevant discussions, we are still seeing only one side of the coin. When you engage your stakeholders, what’s in it for them? Let’s consider three significant social dynamics that characterize workplaces today:1. The most knowledgeable employees in history:Businesses today are blessed to have access to what many experts consider to be the smartest workforce there ever was. Not only does this generation have the knowledge of past generations, it’s also better educated and has unprecedented access to tools and technology. Advanced software platforms, smartphones, tablets, and even Wi-Fi speeds for [...]
Teamsourcing for Successful Strategic Execution [SlideShare]

Teamsourcing for Successful Strategic Execution [SlideShare]

January 14, 2015
Ever wondered what the secret sauce for successful strategic execution is? We are here to tell you that unique and actionable insights from people who are actually responsible for execution is exactly what you need for strategic execution. Without involving the “doers,” any strategy or high-level goals can easily get lost in translation! While crowdsourcing is a great way to harness the power of the collective insights of outsiders, teamsourcing harnesses the power of collective insights from insiders, people in the know, the people who actually are responsible of strategy execution. Formulating strategy, ensuring implementation, identifying solutions and course correction are the core steps in executing strategy. However, teamsourcing insights during all these steps can ensure that communication gaps, unnecessary iterations, and futile efforts are minimized. Take a look at this SlideShare to discover how teamsourcing is the key ingredient in the recipe for the secret sauce for successful [...]
4 Reasons Small Companies Should Crowdsource Data

4 Reasons Small Companies Should Crowdsource Data

August 14, 2014
It is time to reevaluate the assumption that only large enterprises can crowdsource data; small business can benefit from crowdsourcing too. Do you believe that only large and complex organizations can benefit from collecting employee insights? Or that only Fortune 500 companies are sophisticated enough to crowdsource data? Every economically beneficial outcome, no matter how small, requires interaction among individuals who have diverse ideas, beliefs, skills, perspectives, and habits. While a small business has less complex lines of communication than an average Fortune 500 company, even a two-person team still has to ensure that goals are communicated clearly and operations run smoothly. It is both crucial to capture ideas or opinions and to analyze them objectively from various angles. Here are four primary reasons why crowdsourcing is not just important but necessary for small businesses:1. Overcome Assumptions Often contact creates familiarity and familiarity results in mirror imaging. Since small [...]
5 Ways Employee Empowerment Can be Driven by Crowdsourcing

5 Ways Employee Empowerment Can be Driven by Crowdsourcing

May 7, 2014
The advantages of building your organization to maximize employee empowerment are well known. Commonly cited benefits include increased employee engagement, improved client relationships, and better allocation of leadership resources. When it comes to actually empowering employees on a practical level, however, difficulties can arise. Competing interests and a lack of available resources can hinder the changes that are needed to shift from theory to practice. However, by using the concept of crowdsourcing, empowering employees is possible with less organizational change than one might initially assume. What it Means to Use Crowdsourcing for Employee Empowerment The concept of crowdsourcing in business has been around for some time, but it is typically used in such limited contexts as collecting customer feedback. However, many business leaders are missing out on an enormous opportunity to leverage the insights of their own employees. Companies of all sizes, from the 50-person startup to the 25,000-person [...]
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