The strategy aims to bolster a major infrastructure company's connections with government bodies in Australia. This involves advocacy, policy influence, and securing funding. In the advocacy segment, the strategy focuses on engaging government stakeholders by organizing meetings, creating tailored advocacy plans, and keeping stakeholders informed through newsletters and participation in industry forums. For policy influence, the strategy emphasizes developing position papers, collaborating with think tanks, and hosting policy discussions, ensuring that the company can shape policy developments in the infrastructure sector. Regarding funding, the strategy seeks to identify government grants, foster partnerships, and establish dedicated teams to create competitive funding applications.
The strategies
⛳️ Strategy 1: Enhance Advocacy Efforts
- Identify key government stakeholders relevant to the infrastructure sector
- Develop a comprehensive advocacy plan tailored to each stakeholder
- Create briefing documents highlighting project benefits aligned with government priorities
- Schedule regular meetings and briefings with identified officials
- Engage a government relations consultant with local expertise
- Organise site visits for government officials to highlight project impacts
- Participate in government-led industry forums and workshops
- Develop a quarterly newsletter highlighting company achievements and project updates
- Maintain active membership in industry associations with government connections
- Monitor legislative changes that impact the infrastructure industry
⛳️ Strategy 2: Influence Policy Development
- Identify policy areas where the company can provide expertise or advocate for change
- Develop position papers on key issues affecting the infrastructure sector
- Initiate partnerships with think tanks and academic institutions for research collaboration
- Host policy roundtable discussions with government officials and industry experts
- Submit formal responses to public policy consultations and inquiries
- Engage in public-private partnerships to trial new policy initiatives
- Leverage media relations to influence public opinion on policy topics
- Develop case studies showcasing past project successes to policymakers
- Monitor timelines for government policy reviews and updates
- Align internal policy experts to stay informed on industry regulations
⛳️ Strategy 3: Secure Funding Opportunities
- Identify eligible government grants and funding programs for infrastructure projects
- Establish a dedicated team to draft and submit competitive funding applications
- Develop a centralised database of available government funding opportunities
- Foster relationships with financial bodies that collaborate with the government
- Engage with local councils to explore co-funding infrastructure projects
- Prepare a portfolio of project proposals that align with government funding criteria
- Invest in tracking tools for monitoring funding application deadlines and requirements
- Participate in workshops and training sessions on government funding processes
- Develop success metrics to evaluate funding application outcomes
- Utilise government funding to leverage additional private investment
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
