ABSTRACT
Theoretically that sounds like a very fine approach. Unfortunately there is a big difference between theory and practice. Most organizations talk about providing value-additions to the stakeholders. The stakeholder is any individual or group of individuals impacted by an organization’s products or processes. Likewise when the individual is laid off, the value-added to the stakeholders is often negative value-added in many cases. Trying to satisfy six different stakeholders with such different needs is a very significant challenge to any management team. Total Innovative Management Excellence is based upon establishing strong stakeholder partnerships with the organization using the innovative improvement approaches. The word “partnership” infers that all parties involved will mutually benefit from the innovative improvement activities. Periodically the changes that have or are being implemented should have this checklist reviewed and combined to identify major stakeholders that are receiving no or negative value-added improvements in all 10 outcomes per each major stakeholder.
