In this episode, Thomas Bertels and Bruce Bolger, founder of the Enterprise Engagement Alliance, discuss what lessons we can learn from Total Quality Management (TQM) about creating a creating a movement.
Bruce argues TQM succeeded because competition made the economic impact of poor quality undeniable, while engagement lags because most companies don’t measure its costs within their own operations.
He advocates for a CEO-led, stakeholder-based, systematic approach based on clarifying purpose, goals, and values, establishing metrics, and aligning operating systems.
Bruce explains how silos, poor job design, and toxic leadership undermine engagement and why companies that embrace a stakeholder-centric approach are keeping a low profile.
Bruce Bolger is one of the founders of the practice of enterprise engagement, or stakeholder vapitalism, who since 1988 has combined a career in business publishing and content marketing with stakeholder management across the enterprise, human capital reporting, marketing and investor relationships in all the people aspects of business.
He founded the Enterprise Engagement Alliance in 2009, assembling academic and business experts in all aspects of engagement to create a formal framework for the practical implementation of stakeholder engagement practices.
Today, Bolger works with boards, CEOs, CHROs, CMOs, and investor relations at organizations seeking to profit from a formal stakeholder management plans, metrics, and reporting strategies that enhance performance as well as engagement and experiences.
He also works with investors seeking to make sense of the human capital management reporting and with brands and advisory firms seeking to profit from the $500 billion engagement field.
He created the first professional education program for Stakeholder Engagement and human capital measurement, served as an advisor to the first ISO (International Organization for Standardization) conforming human capital report, proposed the original standard for employee engagement that has recently been published by ISO, and created the Forum for People Performance and Management at Northwestern University Medill School.
He is also the author of two books on Stakeholder Engagement—Enterprise Engagement for CEOs: The Little Bluebook for Stakeholder Capitalists, and Enterprise Engagement: The Roadmap, a practical guide to implementation, and the producer of dozens of high-level video interviews with leaders in all areas of ESG investment and human capital.
For More Information, visit www.TheEEA.org.
00:00 TQM Lessons for Engagement
01:16 Economics and People Factor
02:39 Why Engagement Hasn't Taken Off
06:16 Competition and Quiet Winners
08:21 Tech Tools Need a System
10:50 Turnover Costs and Blind Spots
13:23 ISO Standards and Stakeholders
15:55 Need a Visible Champion
17:01 Engagement Needs Proof
18:00 Selling CEOs on Metrics
19:29 Why Stakeholder Capitalism Wins
19:48 Three Forces Changing Business
22:04 Waste and Broken Workplaces
24:19 TQM and System Thinking
25:28 CEO Playbook for Change
29:42 Quality Circles and DEI
31:54 Job Design Drives Engagement
32:32 Building an Engagement Industry
34:03 Hopeful Wrap Up