- 10 Marks
Question
As part of a review of the strategic position of HPC and its move to expand the business, management identified its major stakeholder groups, their power, and their expectations that could either fast-track or delay the implementation of the decision. These major stakeholder groups are the employees, farmers, regulatory authorities, and customers.
Required:
Using two matrices of approach to stakeholder mapping, discuss and show (with diagrams) the relative significance of stakeholder groups identified and their real and potential influences over HPC and its expansion strategies. (Use the stakeholder position/importance matrix and the stakeholder power/interest matrix – Mendelow matrix.) (10 marks)
Answer
The major stakeholder groups identified are the employees, farmers, regulatory authorities, and customers.
- Employees
HPC employs 1,000 workers, making them significant and powerful stakeholders. Their interest can be considered high. - Farmers
HPC sources over 1,750 tonnes of raw fruit monthly from farmers. They are significant stakeholders with high interest. - Regulatory Authorities
They play a critical role due to their control over policies and regulations. Their influence is substantial. - Customers
As the top priority, customers have a significant role in influencing decisions, especially in business expansions.
The answer also includes Mendelow’s Matrix for stakeholder power and interest, showing the positioning of these stakeholders in relation to HPC’s strategic expansion.
- Topic: Strategy, stakeholders, and mission
- Series: APR 2022
- Uploader: Dotse