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In my experience, there is a set of common shortcomings in the private sector when it comes to external stakeholder engagement.
While the models differed, they all were based on the central proposition that more information on sustainability context, sourced from ever deeper internal and external stakeholder engagement, would help improve the quality of decision-making and the integration of sustainability as a core element of a successful long term business strategy.
Three research directions, namely, internal stakeholder networks for outcome-related values, external stakeholder networks for process-related values, and external stakeholder networks for outcome-related values, are identified.
As a response to the concerns, "Exxon Mobil, Shell and BP have made great efforts to improve their external stakeholder relations".
One might also legitimately wonder why Ms. Finucane needs a subordinate to ensure that her strategy and marketing decisions are "consistent" with external stakeholder needs.
Formally stated: With respect to social influence benefits, firms aiming to establish a broad sphere of influence on external stakeholder are more likely to create undirected interlocks.
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Many SMEs are reluctant to showcase their success and sustainability performance to external stakeholders.
They also serve to confuse registrants and external stakeholders about its regulatory role".
Understanding the perspective of external stakeholders is not something taught in leadership development programmes.
"My request is limited to diary entries for meetings with external stakeholders on both sides of the marriage equality debate.
"Obviously, for external stakeholders we have to respond, and respond promptly.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com