Richard Galbraith’s Post

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Risk Actuary | Systemic Coach | People Focused | Strategy | Board Advisory | Member Institute of Board Members

Wait a minute, who are we missing? 👉🏼 One, two, three…? Yesterday we talked about stakeholders we should consider as part of our Team’s purpose, including questions to ask, for example prioritization of tasks. The question is, who are we still missing? We ignore stakeholders at our own detriment, which can cause last minute requests, demands, and unforeseen challenges. I was already aware of three stakeholders we forget at our detriment and of our environment - these are the Seventh Generation, 10th man, and the 13th Fairy… all bring unique and essential view points to our work. I investigated further to make sure we are fully covered, and found the following: -First Customer: The initial buyer of a product or service, whose feedback can be critical for further development and marketing strategies. -Third Party: This term is commonly used to describe an outside party that mediates or provides a neutral perspective, often in legal or business transactions. -Fourth Estate: Refers to the press and news media, considered a vital part of democracy and stakeholder in public discourse. -Fifth Wheel: Used metaphorically to describe someone who feels unnecessary or left out, often in a group dynamic. -Six Sigma Expert: A professional skilled in Six Sigma methodologies, crucial for process improvement and quality management within a company. -Seventh Generation: Based on an ancient Haudenosaunee (Iroquois) philosophy that the decisions we make today should result in a sustainable world seven generations into the future. -Eight-hour Employee: Represents the regular workforce whose daily contributions and satisfaction levels are vital to the company’s operations and culture. -Ninth Circle: Refers to the lowest circle of Hell in Dante's "Inferno," symbolizing ultimate betrayal, often used metaphorically in discussions of extreme ethical breaches. -Tenth Man: In strategic discussions, particularly in intelligence and military contexts, the tenth man is the designated contrarian who challenges consensus to prevent group think. -Eleventh Hour: Refers to the last possible moment to make a decision or take action, highlighting urgency and last-minute stakeholders. -Twelfth Man: In sports, particularly football (soccer), the twelfth man refers to the fans or supporters who play a crucial role in motivating the team. -Thirteenth Fairy: In fairy tales like "Sleeping Beauty," the overlooked thirteenth fairy represents the unforeseen or neglected stakeholder who can have significant impact. In your experience, who else are key, but unseen, stakeholders we need to keep that empty chair for? #leadershipdevelopment #stakeholdermanagement #systemicteamcoaching #systemiccoaching ———————— 🔔 Follow Richard Galbraith for more thought provoking ideas ♻️ Repost if you find this useful

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Kenneth Beard

Full-Stack Change Leader - people, process and technology - project by project | Fractional Executive | Interim | Mentor | Coach

3mo

Stakeholder management is frequently under-valued and often receives inadequate attention as it gets ticked off the "to do" list. While recognized as" important" by most practitioners, it actually is a strategic decision about where to invest the most time in building relationships that influence the outcome. A game changer. While each stakeholder segment and constituency needs attention they are not all equal- and a segmented approach is a practical reality. The same is true within each constituency of a segment. Stakeholder Management begins with prioritization and is not about quantity but rather quality. The Pareto Principle applies both globally and locally within each constituency and it's the vital few that stakeholders that have the dominant influence. With a pragmatic mindset and by doing considered analysis the effort becomes realistic and then hinges off the ability to build relationships based on trust. Stakeholder Management is also a team sport because no one can be everything to everyone. The way to overcome this is to focus on the critical few, build trust and enlist them so that they can use their influence to craft and shape dialogue within the various segments and constituencies, leaving none behind.

Daniel Lock ↗

Change Leadership | Empowering Change & Project Professionals to Grow Careers & Monetise Their Knowledge

3mo

I worked on a project once where I left out 2 people of 100 or so. Caused huge problems. Never again: everyone included and no one left out

Karen Lord

Master Systemic Coach - Enabling Leaders & Executive Coaches / Systemic Methodology TriGrowth System / Strategic Mindset Advisor

3mo

Great visual and insight here… I would add that how we explore, locate and work with stakeholders depends on our #strategicmindset . In Change Agency, we map and explore who they might be, prime focus being end users. We seek senior sponsorship to protect the disruption & innovation aspects as we co-create new opportunities emerge. In Early Adoption, we engage, ‘court’ and learn with stakeholders who are invested & influential within the specific focus. We co-pilot (produce) In Growth Optimisation, we agree protocol and policy, governance and standards as we enter into co-production with the wider system. Our stakeholders will morph and change throughout the 3 phases of growth

David Howell

Author of "Speak Up, Listen Down". Redefining and unlocking the power of the human factor.

3mo

Could all those people possibly be just one person? 🤔

Vladislav Shimko

Leader and Innovator | Initiator of Workplace Mental Health Programs | Promoting Conscious Leadership and Mental Health | Path to Inclusive Education for Children with Special Needs

3mo

In some cases, the tenth person can actually be decisive in making the right decision.

Greg Hinc

Bridge to Excellence by Deeper Comprehension of Self, Others and Processes🔹Business Consultant, Certified Coach and Counsellor🔹Tailored Solutions for Professionals & Organizations🔹Practical Implementation Strategies

3mo

Comprehensive list Richard Galbraith Unfortunately, all too often we don't think about everyone, and it's really worth doing so, if only to have the conviction that they don't need to be taken care of. It's easy to overlook someone and the consequences can be really significant.

Sharon Mickan

Connecting people and ideas across the healthcare system to create practical impact

2mo

a great visual and conversation Richard Galbraith, I am often challenged by the busy clinicians who are planning to comprehensively implement change about how to balance time for inclusivity of all possible stakeholders vs making operational progress with the early adopters

Holly Joint

LinkedIn Top Voice COO•Advisor•Founder•Speaker• Women4Tech Shaping growth, navigating the future

3mo

Love this, really useful way of thinking about stakeholders

Marc Lawn

CEO | Global Business Advisor | People Centric Solutions | Turning Sustainable Visions into Operational Realities | Delivering Growth Through Innovation and Collaboration

3mo

The question is my mind Richard Galbraith always hinges on getting the ‘critical’ stakeholders, rather than anyone with an opinion. Its something I try to live by myself - if someone asks for my input I’ll try to verify if I am truly a stakeholder. Often I am not!

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