It’s Never Been More Important for Big Companies to Listen to Local Communities

Harvard Business

For example, the delays associated with social conflict at large mining operations can run in the vicinity of $20 million per week. Yet the same companies that spend months and millions tweaking operational details devote only a small fraction of their resources to understanding and addressing the social risks they face. ” Building and sustaining local stakeholder support for a major investment is the new frontier of successful management and risk assessment.

Before a Merger, Consider Company Cultures Along with Financials

Harvard Business Review

Understanding the cultural dynamics of the acquired organization, including how they operate, the manner in which they develop their talent, how are they motivated to succeed, and their executive management decision making style. Doing a stakeholder analysis to understand the additional challenges from political, regulatory, union, and community sources to be expected in the wake of a merger.