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Select a “Burning” Issue,    logistics and operational capabilities, and   Create a Common Definition of
               Take Ownership and Mobilise   the level of interest from stakeholder   Value Among Stakeholders
          1 Stakeholders                    groups.  This helps identify where the  4  Cooperation and commitment
          Selecting the right issue is funda-  company can contribute most effectively,  from a range of stakeholders and part-
          PHQWDO  ,V WKLV D VLJQLÀFDQW LVVXH ZKHUH  and where it needs to rely on partners or  ners requires transparency and trust.
          our company’s capabilities can clearly  other stakeholders and to reach out to  Parties should be able to discuss and agree
          contribute towards creation of a solu-  them with the right call to action.  on the notion of value in the context of
          tion? Is the issue in line with our overall                         their joint-action and how value will be
          strategic direction and brand promise?   Team Up with the Right Partners  created and shared. Business modelling
          If the answer to both questions is yes,   Addressing complex issues requires  VKRXOG UHÁHFW WKLV DQG VWDWH H[SHFWDWLRQV
          it will be easier to mobilise internal  3  partners that are in for the long  as clearly as possible. Mechanisms for
          support and to ensure that the company  haul, who are willing to learn together  WKH UHJXODU UHYLHZ RI YDOXH ÁRZ DQG IRU
          is in a credible position to take action.   and help each other.  In the scoping  maintaining a high degree of transpar-
            Maximising  the   chances  of   period, the parties need to develop  ency should be put in place.
          success also depends on identifying  trust, align their thinking on using their
          an issue of  the right size, which can  capabilities, and agree on a governance   Define Baseline and
          be translated into an initiative with  structure that ensures results over time.   Performance Indicators
          the potential to scale. This avoids  As well as sharing the risks, responsibil- 5 Provision  of  funding  for
          daunting complexity and makes it  LWLHV DQG EHQHÀWV  SDUWQHUV DOVR QHHG WR  socio-economic and/or environmental
          easier to demonstrate progress, in  combine complementary expertise, global  challenges is increasingly subject to
          WXUQ  LQVSLULQJ  FRQÀGHQFH  LQ  VWDNH-  know-how and local contextual insights.  measurement of outcomes (which
          holders and partners. Initiators also  Experimentation, co-venturing and new  often emerge over longer periods of
          need a strong narrative to motivate  business models will often be neces-  time). This means careful setting of
          employees and to encourage external  sary; as will knowledge experts; deep  baselines for performance indica-
          partners to join forces.          ORFDO  FRQWH[WXDO  LQVLJKWV  IURP  IRU SURÀW  tors is key. Project milestones should
                                            DQG  QRQ SURÀW  VWDNHKROGHUV   DQG  OHYHU-  also be agreed by all partners and key
               Identify the Enablers for Success  aging trusted social networks. In the  stakeholders from the start to avoid
               Next, take stock of the enablers  Transformation Economy, the “how” to  unrealistic expectations and/or use of
          2 for success such as funding,  act and the “with whom” are typically as  inappropriate conventional measure-
          policy and legislation, R&D, technology,  important as the “what”.  ments. Joint initiatives to solve complex
                                                                              issues require patience, commitment
                                                                              and good monitoring. And an “agile”
                                                                              way of working, where plans and
                                                                              tactics can be continuously adapted is
                                                                              a sound basis for shaping governance
                                                                              and management.

                                                                                   Never Compromise on Customer
                                                                                   Experience
                                                                              6  In the contexts we have
                                                                              discussed, partnerships can readily fall
                                                                              into the trap of thinking that any solu-
                                                                              tion is better than no solution. Too
                                                                              often “doing good” for society and the
                                                                              environment has led to market failure.
                                                                              It is assumed that socially or environ-
                                                                              mentally valuable solutions require a
                                                                              VDFULÀFH LQ WHUPV RI WKH TXDOLW\  SHUIRU-
          The Githurai-Langata health facility in Kenya. Philips, in partnership with the local county government,
          transformed the facility as a model for its Community Life Centers project.   mance, and user experience.  On the




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