October, 2024

The Hidden Key to Your Business Growth: Stakeholder Feedback

by Robert Clinkenbeard

As your company begins the march toward next year’s strategic planning, it’s easy to focus solely on numbers—revenues, budgets, and growth projections. But here’s a secret that successful business leaders know well: the true pulse of your company is found in the voices of those closest to it—your clients, customers, and employees.

When was the last time you gathered meaningful, actionable feedback from these key stakeholders? If it’s been a while, you might be missing out on the insights that will shape your future success. As you plan your next year’s strategy, now is the perfect moment to pause and listen.

The Disconnect Between What You Offer and What They Need

Your company may be delivering what you think your clients want, but business landscapes change, as do client expectations. Employees’ needs evolve, as does their connection to the company’s mission. Are you in tune with those shifts? Are your products and services still aligned with the value your customers want?

Without real-time feedback, you risk moving forward with outdated assumptions. It’s like building next year’s business plan on a shaky foundation. Strategic planning without stakeholder input is planning in a vacuum, and in today’s market, that’s a risky bet.

Clients and Customers: Your Business Compass

Your clients are the compass that points your business in the right direction. By actively seeking their input, you ensure that what you’re providing still solves their evolving pain points. You’ll also uncover opportunities to offer more value. Want to lock in higher revenues next year? Listen to what your customers ask for, even if they haven’t said it.

A well-designed feedback loop with your customers helps keep you relevant and adaptive in the marketplace. In an age where customer experience can make or break a business, the companies that succeed are those that prioritize continuous improvement based on real client needs.

Employee Feedback: The Engine Behind Operational Excellence

Think about it: who knows your business operations better than the people running them? Your employees hold the key to understanding what’s working and what’s not. They are your frontline soldiers and will often notice inefficiencies, frustrations, or untapped opportunities long before leadership does.

Engaging employees in feedback uncovers hidden gems and builds a culture of inclusion. When employees know their voices matter, their buy-in strengthens, and that’s priceless when developing a new strategic plan.

Taking Action: Listening and Evolving Together

Gathering feedback shouldn’t be a one-time checkbox. It’s about building an ongoing dialogue between leadership, clients, and employees. As your business gears up for next year’s strategic planning session, consider making stakeholder feedback the cornerstone of those conversations.

It doesn’t have to be complicated—a well-timed survey or a few in-depth conversations can reveal more than you might expect. At Wilson360, we’ve designed our programs to help business leaders like you implement robust feedback systems that drive sustainable growth.

Visit www.wilson-360.com to see how you can seamlessly integrate stakeholder input into your business strategy. We’ll show you how to unlock the full potential of feedback so that the company remains aligned, adaptive, and ready to lead in the coming year.

Don’t just plan for growth—listen for it.

About the author: Serial entrepreneur, author, podcaster, and Ironman athlete Robert Clinkenbeard is CEO of green industry consultancy and peer group organization Wilson360. Connect with Robert at Robert@Wilson-360.com