Monday, August 15, 2011

Stakeholder Alignment - Square Pegs Round Holes

Through the years being involved in quite a few Turnarounds the most damaging point of contention, like the proverbial elephant in the room, is the alignment of key stakeholder vision. With less than clear targets that define Turnaround success, the causes of failure or success, and ultimately the role of key stakeholders to report and manage these ambiguous factors we are seemingly determined to achieve results that are really... uncertain at best.

From a quantitative perspective we focus on Time, Budget, Scope and Quality as the nucleus of defining success. However we regularly overlook the organizational culture and structure, however temporary in nature, that enables the functional achievements to be realized. By accepting the inherent value of stakeholder alignment and realizing each group requires leadership and management to deliver beneficial results enables the functioning team to focus on the human factors of achieving success. It is then a fundamental objective clearly define success and/or failure. Illustrate the relationships between Turnaround success and stakeholder management and to establish stakeholder management practices that are aligned with the Turnaround Vision
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