Just like your financials need to be regularly reviewed and audited, so do your stakeholder relationships. In fact, not having a finger on the pulse of your relationship capital can impact your organization's financial health.

This is another next level PR management practice that helps you know the relationship landscape across your organization, know what your relationship radar system is signalling, and help you to advise your C-suite leaders -- so they can decide how to invest time, energy, resources in building relationship capital. And it can be instrumental in helping your C-suite to pivot and swerve to avoid trouble before it takes root.

Interestingly, it's the CEO who most often gets this need to have a pulse on the company's stakeholder relationships. And when trouble raises its ugly head, it's the often comms team that is pulled into question as to how the company could have avoided the threat.

Follow today's five steps to become the trusted advisor who is managing the organization's relationship capital actively and effectively.

And avoid being the "fixer" that's expected to manage the mischief and clean up the mess.

NEED HELP IMPLEMENTING A STAKEHOLDER AUDIT?

We can advise you, implement the process, or help your comms team facilitate the process across your organization. We'll help you create a relationship-capital dashboard, and map out a plan to improve, maintain and grow your relationship capital.

Visit us at MCFARLANDPR.COM

HOST BIO https://www.audible.com/author/Stephanie-McFarland/B00YNFH16E