Sunday, 12 June 2016

STEPS IN ISSUE MANAGEMENT

Step 1–Monitoring
  • Analyze the business environment.
  • Scan and monitor what is being said, written and done by public, media, interest groups, government and other opinion leaders.
  • Consider what may impact on the company or its divisions.

Step 2–Identification

  • Assess from the business environment those elements that are important
  • Look for a new pattern emerging from what most people take for granted.
  • Identify the issue that impact on the company and are gaining widespread support.
  • What is the type of issue and where is it in its lifecycle?

Step 3–Prioritization

  • How far-reaching will an issue’s impact be (product sector, company, industry)?
  • Assess what is at stake—Profit? Reputation? Freedom of action?
  • What is the probability of occurrence?
  • How immediate is the issue?

Step 4–Analysis

  • Analyze the most important issues in some detail.
  • Determine their probable impact on the company or its divisions as precisely as possible.
  • Establish issue support teams if appropriate.
  • Identify/rank stakeholders.

Step 5–Strategy decision

  • Create a strategic response and define the content of the message.
  • Identify the target groups.
  • What are the company’s strategic options?
  • What resources are needed?
  • What specific actions should be taken? By whom? When? With whom?
  • Develop issue management communication plan and consider timing.

Step 6–Implementation

  • Implement the policies and programs approved by management.
  • Communicate the response effectively with each target group in a credible form.
  • Advocate the company position to prevent negative impacts and encourage actions with beneficial effects.
  • Step 7–Evaluation

    • Assess results.
    • Evaluate the success of policies and programs to determine future strategies.
    • Capture lessons from failures and successes.                                                                     By Kingalu Avin                                                                                                                  BAPRM 42697

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