37 stakeholders must put greater effort in leveraging each other ’ s strengths to obtain greater impact and work towards achieving common goals .”
Reflecting on stakeholder engagement , Petros sees greater use of data , data analytics and other intelligence gathering mechanisms in its future to improve decision making . “ Stakeholder engagement is already increasingly seeking to predict and anticipate emerging risks and scenarios to introduce better insights into the organisation ,” comments Petros , who concludes that , “ stakeholder engagement is becoming increasingly about holding each other accountable and ensuring that we retain our commitments and moral authority . Previously , stakeholders would be reluctant to hold companies to account for fear of losing relationship benefits . However , stakeholders are becoming much more emboldened .”
businesschief . eu