As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do- 1. the shareholders are expecting more profits from the company 2. the customers are expecting lower prices of your products 3. the employees do not want to lose their job 4. the owners are expecting more stable business. Questions: 1. Give examples of the different conflicting interests among these? stakeholders. 2. As a CEO, who will be your first priority stakeholder. Why?
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As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do-
1. the shareholders are expecting more profits from the company
2. the customers are expecting lower prices of your products
3. the employees do not want to lose their job
4. the owners are expecting more stable business.
Questions:
1. Give examples of the different conflicting interests among these? stakeholders.
2. As a CEO, who will be your first priority stakeholder. Why?
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Solved in 2 steps
- Critical Thinking and Discussion QuestionsYou are a manager of an electronics and electric company. Your company produces and sell TV, Fridge, Washing Machine, Air Conditioners, etc. electronics and electric product in the international market (Local and Foreign Market). This electronics and electric business involve several risks with their severity and frequency.You are to consider those risk severity and frequency in business planning, operations and strategies. You have been passing a critical period due to COVID-19 pandemic. You, as a manager, are asked develop a risk management matrixcovering risk severity and frequency.You may consider the possible risks, their frequency and severity and possible strategic planning. a. What is Risk? What is Enterprise Risk Management? b. What is the risk profile of electronics and electric business? i. Risk Severity (low to high) of electronics and electric business.ii. Risk occurrence frequency (low to high) of electronics and…As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do- 1. the shareholders are expecting more profits from the company 2. the customers are expecting lower prices of your products 3. the employees do not want to lose their job 4. the owners are expecting more stable business. Questions: 1. As a CEO, who will be your first priority stakeholder. Why?Critical Thinking and Discussion QuestionsYou are a manager of an electronics and electric company. Your company produces and sell TV, Fridge, Washing Machine, Air Conditioners, etc. electronics and electric product in the international market (Local and Foreign Market). This electronics and electric business involve several risks with their severity and frequency.You are to consider those risk severity and frequency in business planning, operations and strategies. You have been passing a critical period due to COVID-19 pandemic. You, as a manager, are asked develop a risk management matrixcovering risk severity and frequency.You may consider the possible risks, their frequency and severity and possible strategic planning. c. Establish a Risk Management Matrix with Risk Management Technique to control or reduce or manage those risk and keep successful and profitable business operation.
- In 2020 and 2021, businesses like personal services (parlors, salons, etc) faced some big challenges due to the pandemic. As situation keeps getting worse, these business are getting hit the hardest. From the point of the CEO at such a business, what would be your short term and long term strategic goals? And what actions would you implement according to those goals.Key Stakeholder Case Study As the Chief Executive Officer of your company, you must make sure that you take care of your stakeholders and their interest. However, during this pandemic, this responsibility has become harder for you to do- 1. the shareholders are expecting more profits from the company 2. the customers are expecting lower prices of your products 3. the employees do not want to lose their job 4. the owners are expecting more stable business. Questions: 1. Give examples of the different conflicting interests among these stakeholders. 2. As a CEO, who will be your first priority stakeholder. Why? please answer all questionsManagers face a key challenge: to simultaneously generate high profitability and increase the profits of the company. Companies that have high profitability but profits that are not growing will not be as highly valued by shareholders as a company that has both high profitability and rapid profits growth. This was the situation that Dell faced in the later part of 2000s. As a result its shares lost significant value between 2017 and 2021. At the beginning of 2017 Dell shares were trading at approximately $27. By the end of 2021 they were trading at about $ 14 though the company was still profitable, Dells shares had lost almost half of their value because it was not growing its profits over time. At the same time managers need to be aware that if they grow profits but profitability declines, that too will not be highly valued by shareholders. That what the shareholders want to see and what managers must try to deliver through strategic leadership is profitable growth. That high…
- https://multimedia.3m.com/mws/media/1691941O/2019-sustainability-report.pdf 1. Consider all the different stakeholder engagement techniques and strategies that the company is employing. Critically evaluate the usefulness of these techniques and strategies. 2. What is your personal view of the company’s success in discharging accountability to society and behaving as a socially responsible company?https://www.sweetstudy.com/files/monsanto-agrowingcontroversy-pdf Please read full case study with link above and answer the following questions throughly: NOW, please place yourself in the role of a specific Monsanto Stakeholder (e.g., you are a stockholder, OR you are a customer, OR you are an employee). Consider all that you have read related to stakeholders coupled with Monsanto's Attempts to balance stakeholder interests. Identify at least one of the following issues related to Monsanto's commercial focus: 1. FOOD As a stakeholder, discuss your view of Monsanto's influence on the future of food. You may comment on the anti-trust issues, or you may discuss the potential of a sterile seed, or you may discuss weed/bug resistance. Take a position (playing the role of a stakeholder) and post your concern. Be specific so that your posting reflects your understanding of the issues. 2. HEALTH As a stakeholder, discuss your view of Monsanto's influence on the future of health.…https://www.sweetstudy.com/files/monsanto-agrowingcontroversy-pdf Please read full case study with link above and answer the following questions throughly: NOW, please place yourself in the role of a specific Monsanto Stakeholder (e.g., you are a stockholder, OR you are a customer, OR you are an employee). Consider all that you have read related to stakeholders coupled with Monsanto's Attempts to balance stakeholder interests. Identify at least one of the following issues related to Monsanto's commercial focus: Please write a length answer for question! 1. FOOD As a stakeholder, discuss your view of Monsanto's influence on the future of food. You may comment on the anti-trust issues, or you may discuss the potential of a sterile seed, or you may discuss weed/bug resistance. Take a position (playing the role of a stakeholder) and post your concern. Be specific so that your posting reflects your understanding of the issues. 2. HEALTH As a stakeholder, discuss your view of…
- Based on the articles on the following links"Griffin, K (2023) The Tupperware party is over. [Online] Available from: https://www.dailymail.co.uk/news/article11960521/The-Tupperware-party-iconic-brand-faces-collapse-77-years.html [Accessed April 2023 McCarthy K, (2023) Tupperware could go out of business, here’s why. [Online] Available from: https://abcnews.go.com/GMA/Food/tupperware-business/story? id=98495624#:~:text=Tupperware also chalked up lower,cash management and possible layoffs [Accessed April 2023] president and CEO Miguel Fernandez said the company has "embarked on a journey to turn around our operations" and "is doing everything in its power to mitigate the impacts of recent events -- taking immediate action to seek additional financing and address our financial position." Discuss in detail the role of Miguel Fernandes in the effectiveness of Tupperware’s turnaround strategy.Based on the articles on the following links"Griffin, K (2023) The Tupperware party is over. [Online] Available from: https://www.dailymail.co.uk/news/article11960521/The-Tupperware-party-iconic-brand-faces-collapse-77-years.html [Accessed April 2023 McCarthy K, (2023) Tupperware could go out of business, here’s why. [Online] Available from: https://abcnews.go.com/GMA/Food/tupperware-business/story? id=98495624#:~:text=Tupperware also chalked up lower,cash management and possible layoffs [Accessed April 2023] One of the main take-aways of the corporate strategy module has been the importance of strategy evaluation at all times during the strategic management process. Recommend how Tupperware can employ strategy evaluation to avoid strategy failure going forward.Based on the articles on the following links"Griffin, K (2023) The Tupperware party is over. [Online] Available from: https://www.dailymail.co.uk/news/article11960521/The-Tupperware-party-iconic-brand-faces-collapse-77-years.html [Accessed April 2023 McCarthy K, (2023) Tupperware could go out of business, here’s why. [Online] Available from: https://abcnews.go.com/GMA/Food/tupperware-business/story? id=98495624#:~:text=Tupperware also chalked up lower,cash management and possible layoffs [Accessed April 2023] According to the case study, Tupperware, an iconic organisation is struggling to remain afloat and relevant in 2023. Using the facts in the case study, analyse the business environment issues at play.