Stakeholder Engagement and Community Collaboration
To be a responsible business organisations need to be underpinned by responsible governance and transparency. The inner part of Business in the Community’s (BITC) Responsible Business MapTM lists five aspects a business needs to consider in this area. These need to be accompanied by leadership at every level.
Stakeholder Engagement and Community Collaboration is one of these five aspects.
Businesses make informed decisions while being transparent and accountable to all stakeholders – internal and external. They co-create new solutions that generate business value while establishing a better relationship and trust between businesses and the wider society. They work in strategic, long term partnerships that are needs-led, to make a positive and meaningful impact in communities. Societal problems are resolved better and faster through dialogue and multisector partnerships as they generate innovation, play to each partner’s strengths, and enable scalability of solutions.
Learn more about Business in the Community’s Responsible Business MapTM