Can you believe the opening ceremonies of the Rio Olympics are just days away? It seems like the London Olympics just concluded. For the most part the Olympics have been consistent over the past few decades. But like any organization, the Olympic Committee updates its events based on past experience, participation and current trends. For example, the Committee decided to stop holding the 1500-meter swimming competition in open water after the 1896 Athens games where the water temperature dropped to a chilling 55 degrees and waves toped 12 feet.
Just last year, MISO and its stakeholders recently pulled off a major endeavor by redesigning the stakeholder process. No, it didn’t happen because of cold temps or deadly waters, but it was an important undertaking that will result in a more efficient and productive stakeholder process.
The final stakeholder redesign proposal, which was adopted by the Advisory Committee in December 2015, instituted a number of improvements. The improvements include a periodic review process of the stakeholder structure to ensure it doesn’t grow too large or too complex, an issue prioritization structure and assignment procedure; accountability guidelines to ensure adherence to the new stakeholder structure; and an agreed upon method for effectively working through stakeholder issues. As a result of the redesign process, the committee structure looks a little different as a number of familiar entities were absorbed by existing or newly established entities and some existing entities were elevated in status, ensuring that the issues important to MISO stakeholders are vetted efficiently.
For example, there are 26% fewer entities and an estimated 44% to 50% fewer meetings.
Above all else, active participation is what drives MISO’s stakeholder process and our ability to be the most reliable, value-creating RTO. Without active participation, quality suffers. Consider the 1980 and 1984 summer Olympics. Both Games suffered from boycotts by a substantial number of countries and participants. The U.S.A. and other countries boycotted the 1980 Moscow Olympics and in retaliation the Soviet Union (now Russia for you younger readers) and their allies boycotted the 1984 Los Angeles Olympics leaving some of the best athletes in the world unable to participate. With the incredible talent of these two nations, athletes from other countries were left wondering if they truly were the world’s best. And the Games will forever be remembered for what they could have been. Inclusion and active participation always make for a better product in the end.
MISO continues to get the best to participate in our stakeholder process. We thank you for that; because, together we can accomplish so much for our members and their customers. Visit the MISO website to get more information on the stakeholder process redesign.
Did you know:
- In addition to Atlanta, Lake Placid, Los Angeles and Salt Lake City, St. Louis is an American Olympic host city. Yup, St. Louis hosted the 1904 Summer Olympics at the same time as the World’s Fair.
- London is the only city selected to host a modern Olympics 3 times
- Denver was selected to host the 1976 Winter Olympics but had to withdraw because of lack of finances to support the games.