ECONOMIC JUSTIFICATION (AUDIT) OF THE GR FUNCTION
Baikal Communications Group provides services for the economic justification (audit) of the GR function. This analytical product focuses on both quantitative and qualitative assessment of the effectiveness of interactions with government authorities for businesses and NGOs.
The analysis conducted by our specialists helps determine how and to what extent the organization’s activities in the field of GR contribute (or could contribute in the future) to achieve strategic goals, minimizing risks, and creating long-term advantages. The research is conducted for the benefit of business owners, shareholders, CEOs, and heads of GR departments.
A comprehensive evaluation enables the justification of management decisions within the organization, strengthens the position of the GR function, optimizes processes, and increases the efficiency of budgeting and the formation of KPIs for relevant departments.
The service will be useful not only for companies that already have a GR department but also for businesses that are just considering establishing one.
- Calculation of the economic effects of the GR function for the organization through quantitative and qualitative assessment of the impact of regulatory initiatives and GR activities on financial and non-financial indicators.
- Preparation of a compelling economic justification to defend the GR function budget to management and shareholders, including a presentation and report with arguments supported by data and analytics.
- Study of the company’s strategic goals, assessment of key risks, and identification of potential growth points that can be strengthened through the GR function to enhance the effectiveness of management decisions.
- Preparation of recommendations for optimizing the work of the GR department based on the evaluation of its current effectiveness through data collection on implemented GR projects and analysis of their results using specific metrics and indicators.
