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The Issues Management Process at Eastman
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Protect current business Minimize risks Identify Opportunities Early identification of events/trends Anticipate the need for grants, tax credits, or other incentives Leverage our existing process and look for improvement opportunities in our management of issues: Why focus on Public Policy and Issues Management? BADGOOD Caught by SurpriseEarly detection Reacting too late to influenceProactive responses Poor communicationBroad Communication
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Political & Social Environment Identification & Prioritization of Opportunities & Threats Business Context Define Company Position Action Strategy Leverage Internal / External Resources Communication - Internal Communication - External Measure of Value Business Strategy Corporate Context The Issues Management Process
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Issues Analysis Criteria Importance: 1.Impact – Financial, Reputation, Regulatory, Legal Connect to corporate strategy Scope of the issue Urgency / Timing Stakeholder analysis 2.Research on the issue (i.e. connectivity to other issues) Ability to Influence: 1.Political Environment 2.Issue life cycle 3.Is the issue unique to Eastman 4.Who is driving the issue 5.Political capital and resources planning
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Issue Life Cycle
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Eastman’s Ability to Influence Importance HighLow High TIER 1 Issue TIER 2 Issue TIER 3 Issue Issue Rankings
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