Building a "Board of Investors" to Create Alignment with Stakeholders and Corporate Objectives
We all struggle to gain alignment with our stakeholders, whether we are responsible for procurement and our stakeholder is the c-suite, or we are developing a category strategy and our stakeholders are the business users. Alignment continues to be one of the greatest challenges for procurement, and it really is a differentiator that determines whether you are perceived as being a trusted advisor or a back office function.
In this paper, we explain to treat your most senior level stakeholders as investors. Taking the structure that is built upon the model of a corporate Board of Directors and applying it to procurement is a particularly effective way to increase stakeholder engagement and alignment with corporate objectives