Problem analysis is a collective brain-child of NASA astronauts and their ground controllers invented this method to fix unexpected problems encountered during missions. Problem analysis works just as well for business and stock investing. It is a matter of testing a hypothetical cause by listing the dimensions in which a problem does and does not exist.
Could a 20th-century mindset plague stocks in decline? Technology and innovation drive new stocks of this millennium. What about corporations that have been around for five decades and more? Some of them continue to shine, even as others wallow in decline. Could stakeholder engagement make for the defining difference?
World trade demands an outward-looking business philosophy. Executives of the baby-boomer and earlier generations tend to think they know best. Emerging centers of social influence demand to be heard. Managers and owners ignore advocacy groups at enterprise peril.
Climate change and abusive working conditions in outsourced production units are popular examples of corporate blindness that have brought down top brands of the past. Conversely, executives that have actively sought and adapted to feedback from all quarters have moved seamlessly from the century of their origins into a brave new future.
You can benefit from more meaningful stakeholder relations, whether you own a business, help to run a corporation, or are just on the prowl for stocks that will grow in future. Employees, financiers, suppliers, and minority owners are your best friends in the jungle of finding and holding customers.
Let us hear your thoughts below:
