Foster strong relationships with key stakeholders to build trust and loyalty from "summary" of Winning Now, Winning Later by David M. Cote
Building trust and loyalty with key stakeholders is a critical component of long-term success for any organization. These relationships are not built overnight; rather, they require time, effort, and a genuine commitment to understanding the needs and concerns of those who have a vested interest in the company's success. By fostering strong relationships with key stakeholders, a company can create a foundation of trust that will endure through challenging times. Key stakeholders can include employees, customers, suppliers, investors, and the community at large. Each of these groups plays a unique role in the success of the organization, and it is essential to cultivate relationships with each of them. By engaging with stakeholders on a regular basis and soliciting their feedback, a company can gain valuable insights that can inform decision-making and help to ...
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