10/10/2021
๐ฏ McKinsey & Company's take on effective external engagement is spot on! ๐ฏ
๐ก C-suites increasingly focus on and the value at stake.
๐ก 38% of respondents reported that their CEOs spend at least one-quarter of their time managing external
๐ก External engagement has also been on other leadersโ minds. Just over half of respondents said the topic has been a top or top three items on their boardsโ agendas, up from 31% in 2013.
๐ก Just 7% of respondents reported that their organizations frequently align the interests of stakeholders and of their businesses
๐ก A fact-based can take the form of a defined purposeโthat is, a commitment from the company to its stakeholdersโespecially in a time of crisis, when stakeholdersโ needs are particularly acute.
๐ก Respondents from high-performing organizations were five times more likely than others to report very effective use of digital tools in external-engagement activities, a capability that just 7 percent of others report at their organizations.
๐ก 31% said their organizations use no digital tools, and nearly three in ten said they use these tools for basic activities, such as news and reputation tracking
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-pivotal-factors-for-effective-external-engagement