At an operating facility, Stakeholder Capital is occasionally taken for granted. Given that the plant itself is functioning, and product is being made, it is assumed that sufficient Stakeholder Capital exists and that additional quantities are available if needed.
But consider a piece of critical equipment. Plant operators know that should a compressor fail, or a pumping station malfunction, production may be in jeopardy. As such, dedicated Operation and Maintenance plans are in place at production facilities to ensure the reliability of key components.
Stakeholder Capital is as important a resource to ongoing and efficient operations as a key piece of equipment. If you lose a key piece of equipment, your plant shuts down. If you lose your Stakeholder Capital, you may lose your operating permits.
It is useful to think of key stakeholders as you would key equipment. Just as efficient operations can be protected by maintaining critical equipment, relationships with key stakeholders are best preserved through a regular and systematic engagement strategy.
Stakeholder Capital Consulting (SCC) understands the manufacturing sector. We also have a long track-record of working with local, state and federal stakeholders and building engagement strategies that work to ensure a stable operating environment.
To learn how SCC can help you maintain your Stakeholder Capital in good working order, contact us.