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Purpose

The author offers a leaders' guide to managing relations with “shapeholders” the political, regulatory, media and activist actors in the firm's operating environment that shape, constrain, or expand a firm's opportunities and raise certain risks.

Design/methodology/approach

The author, a former US congressman, shows how companies can adopt a program of analysis, foresight and preparation, and successfully engage shapeholders to advance mutual goals and preempt open conflict.

Findings

The author warns that seeking unjustified advantage for your company or industry often trades transient benefits for long-term risks and reduced standing in seeking a level playing field in international markets.

Practical implications

The author suggests several practical preparation techniques, citing the need to train for a rapid response to shapeholder pressures in today's hyper-connected world. When a controversy goes viral on social media, it's too late to debate options, policy and tactics.

Originality/value

Leaders can use the author's WinWin Shapeholders Decision Matrix and other models introduced in the article to analyze and prepare for shapeholder interactions in advance.

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