OceanaGold Philippines new chairman vows stronger ties with regulators, investors

Unlocking Effective Communication A Guide for Behavioral Economists

As behavioral economists, we understand the crucial role effective communication plays in achieving our goals. In this comprehensive guide, we'll explore the key principles and strategies for successful communication, using a real-world example from OceanaGold Philippines' new chairman, Brian Martin.

Step 1 Understanding Your Audience (150 words)

Before communicating with regulators, investors, or any other stakeholders, it's essential to grasp their needs, concerns, and motivations. This involves

Identifying your audience's goals and objectives
Researching their current perceptions and concerns about OceanaGold Philippines' operations
Developing a clear understanding of what they hope to achieve through their interactions with the company

For example, Brian Martin recognized the importance of building strong ties with regulators and investors. He met with executives from the Philippine Stock Exchange (PSE) and the Bangko Sentral ng Pilipinas (BSP) to discuss his vision for OceanaGold Philippines. By understanding their goals and concerns, he was able to tailor his message effectively.

Step 2 Crafting a Compelling Message (200 words)

A well-crafted message is essential for effective communication. To craft a compelling message

Clearly articulate your key points
Use simple language and avoid technical jargon
Highlight the benefits and value that OceanaGold Philippines can bring to its stakeholders
Emphasize any unique selling points or competitive advantages

For instance, Brian Martin emphasized the company's growth potential, commitment to creating long-term value for shareholders, and exceptional returns. He also highlighted the trust investors and regulators place in OceanaGold Philippines, reflected in its inclusion in the PSE MidCap index.

Step 3 Building Relationships (150 words)

Building strong relationships with stakeholders is critical for achieving success. To build relationships

Establish a personal connection with your audience
Show genuine interest in their needs and concerns
Demonstrate a commitment to transparency and accountability
Be approachable and open to feedback

For example, Brian Martin's meetings with BSP Deputy Governor Mamerto Tangonan and PSE Chief Operating Officer Roel Refran demonstrated his willingness to listen and build relationships.

Step 4 Overcoming Challenges (200 words)

As behavioral economists, we know that challenges will inevitably arise. To overcome them

Anticipate potential obstacles and develop contingency plans
Stay flexible and adapt to changing circumstances
Communicate proactively with stakeholders about any issues or concerns
Focus on finding solutions rather than getting bogged down in problems

For instance, OceanaGold Philippines faced a challenge when it was added to the PSE MidCap index. However, by staying proactive and communicating effectively with investors and regulators, the company was able to capitalize on its growth potential.

Conclusion

In conclusion, effective communication is critical for achieving success as a behavioral economist. By understanding your audience, crafting a compelling message, building relationships, and overcoming challenges, you can unlock opportunities and achieve your goals. Remember to stay focused on finding solutions rather than getting bogged down in problems.

Keywords* Behavioral Economics, Communication, OceanaGold Philippines, Brian Martin

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.