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MGT604 Management and Strategy
Questions:
The assessment of this subject supports students in developing their skills and knowledge in topics that include environmental assessment, problem diagnosis, strategy development, and cultural and ethical contexts. Stakeholder meetings are a critical element in strategic management. This assessment task provides experience and immersive understanding of the complex interactions involved in the development of strategic choices, and the need to take an integrative approach to problem solving.
Instructions
You are required to perform a simulated stakeholder meeting to discuss the scenario below. Students will be assigned a role to play in the simulated stakeholder meeting. Roles will be assigned to ensure each group has one of each of the stakeholders. To do this assessment, it is necessary for you to know the responsibilities and interests of the stakeholder that you are assigned to be. To assist you with this knowledge, each stakeholder’s general scope of responsibilities is described below. It is suggested that you take some time to research more about each stakeholder’s responsibilities so that you can contribute effectively to the meetings and write your white paper.
a) General Manager (GM) of the company The GM has the final accountability to the CEO. The GM takes responsibility of the of the compan(s successes and failures of the company. The GM brings together the different functions in the company IHR, Finance, Operations, etc.) and the Interests of all the stakeholders. A key issue for the GM is to maximise shareholder value and the long-term sustainability of the company.
b) General Manager of key supplier Obviously, the GM of the supplier has the same responsibilities in his company as the GM of the case company below. The supplier is in the business of supplying goods and services which the case company requires. The successes and failures of the supplier company are linked to the successes and failures of the case company.
c) Union official General responsibility of the Union official is to represent the interest of workers. It also includes conflict resolution between the employer and the workers and bargaining of behalf of workers. It goes without saying that the workers would want the company to be financially sustainable while they receive appropriate remuneration.
d) Operations manager 10MI The general responsibilities of the OM are to ensure that productions of goods and services is running efficiently. Therefore, the role includes both planning and implementing production/manufacturing schedules including material and energy inputs among other things. The OM understands the feasibility of attaining certain production levels and quality of products/services.
e) Senior finance manager (SFM) The general responsibilities of the finance manager are to ensure that the company is financially sound. Therefore, the finance manager plans the long and short•term allocation of resources as well as produce financial reports. For example, the SFM would be Interested In issues such as risk, capital availability, likely timing and amount of returns. etc.
MGT604 Management and Strategy
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