Improving Government Relations
In our previous article, we concluded that overnight government became a more critical stakeholder to business due to the pandemic. The way governments reacted to the crisis has been subject to extensive analysis and critique by the public, experts, politicians and the media. This article will not engage in that debate. However, we noticed that…
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Overnight, governments have become more important If you asked a businessperson in 2019 which stakeholder group had the most significant impact on the economic performance of their business, they would talk about their customers. Concerns about geopolitics and regulatory uncertainty would put Government in second place. COVID-19 has changed that. This started when Government announced…
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Leaders of the Global Government Relations function and GR practitioners deal with some unique dilemmas and questions, such as How do we balance our efforts between putting credit in the bank with the government (i.e. cultivate relationships) and focussing on concrete business outcomes? How do we reconcile the desire to lead the function on a…
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Customers are the most important stakeholder for any business. In second place usually comes the government. There is a long list of business areas where the government has the power to impact the value of your business. What will you work on? Brand value loss (e.g. Reputation impact of a compliance issue) Labor Costs (e.g.…
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Two of the five most frequently quoted concerns in the board room relate to government: overregulation and geo political uncertainty. Breaking it down, what are the key trends to recognise and prepare for? What you face when you run a business today Customers expect more, say so and everyone hears them Fierce competition for the…
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