To address stakeholder concerns about potential risks when considering a new business strategy, I would start by presenting a well-researched, data-driven rationale for the strategy, highlighting its potential benefits and alignment with long-term goals. I’d openly acknowledge the risks involved, demonstrating that I’ve considered them thoroughly, and propose mitigation strategies for each. Engaging stakeholders in an open dialogue allows them to voice their concerns, and I’d address these directly by incorporating their feedback where possible. By emphasizing transparency, risk management, and the potential for growth, I can build trust and foster buy-in for the new strategy.

It comes back to buy in, identify their emotional, logic and urgency keys. Get them to rank where they sit and work toward the purpose using these for individual and group measures. Consider also to get each stakeholder to identify why the project is not going to work, so all the problem solving can be done before continuing. No point denying their fear of failure, sepoys use this to not continuing, lean into it and breakdown the concerns. If nothing else you are building a stronger team and if it really isn't a good project then better to find out through measuring.

Acknowledge their skepticism, but don’t assume they simply need more data. Often, resistance is rooted in emotional concerns—fear of losing control, comfort, or stability. Steve Jobs famously said, “People don’t know what they want until you show it to them.” Instead of overloading them with logic, appeal to their emotional stake. Inspire them with a compelling vision that aligns with both their values and the future. Change happens when belief outweighs doubt.

Primero, comunica con transparencia y pasión. Explica cómo el modelo innovador beneficiará a todos a largo plazo, usando datos y ejemplos de éxito. La transparencia y la claridad son esenciales para disipar dudas y construir confianza. Luego, involucra a las partes interesadas en el proceso de implementación. Escucha sus preocupaciones y ajusta según su feedback. Convertir su escepticismo en colaboración activa demostrará tu compromiso y fortalecerá la relación. ?La participación y la empatía son claves!

In order to win them over, you have to believe in the business model yourself and possess a strategy to change the outgoing one. You also need to back your proposal up with data that favors a revamped business model. - How will we make more money by doing this? - Will this enhance our efficiency? - How will it affect our brand? - Will the employees need immediate training to adjust? - Are there anticipations for a large or marginal improvement? - Is there a back-up plan in place? - What are the revenue projections with the new model? Answering these questions will quell any dissent and turn stakeholders from being skeptical to believers.