MANAGEMENT 1 RUNNING HEAD: MANAGEMENT0 CHANGE MANAGEMENT Stakeholders Engagement Wesfarmers

RUNNING HEAD: MANAGEMENT 0
CHANGE
MANAGEMENT

MANAGEMENT 1
Stakeholders Engagement
Wesfarmers is an Australian conglomerate, which was founded in the year 1914. The
company focuses on the needs and requirement of the consumers, through which it is one of the
leading company. In the year 2017 the revenue of the company was A$68.44 billion and
company involve various stakeholders in decision making (McCredie & Sadiq, 2019). In 2015,
the company includes stakeholders in deciding the responsibilities and major rules to be followed
in major task and job. In the current year the CEO of the company adopt new leadership style
which include contingency and servant leadership style that is to change the leadership style
according to the situation and to serve the customers by providing quality products. This change
is most important it is due to the reason that by this CEO can motivate the stakeholders and lead
the stakeholders to use innovative skills and knowledge so that they can increase coordination as
well as raise the productivity and efficiency in the organization. This is the change project
through which the overall functioning and activities in the organization is also changed (Jie &
Gengatharen, 2019).

MANAGEMENT 2
Stakeholder map
SOURCE: (Thaker, 2019)
The consequences of the position is that each stakeholder play a significant role in
changing the accepting the change in the internal and external environment which includes
media which is high power because of providing the information about the change and reason of
change in the organization (Coristine, et al., 2019). Further, the board of directors also finds
consequences in maintaining the coordination with the shareholders and employees of
Wesfarmers. The burden of other stakeholders also increases because of adopting the policies
and strategies because of providing efficient services to the customers and to serve their needs by

MANAGEMENT 3
focusing on understanding the demands of the consumers. The main motive of the project and
change is to examine the major position of the stakeholders so that objective of applying and
accepting the project is achieved in the organization (Thaker, 2019).
For achieving the outcomes of the project and identifying the key positions of the
stakeholders CEO of the organization face several difficulties which includes that employees is
having less power and low interest in increasing the conceptual agreement with the Wesfarmers.
The other consequences are that suppliers and managers of the organization also have low power
towards the changing leadership style of the CEO (Khan & Lockhart, 2019). Therefore the above
stakeholder map shows that several other stakeholders involve in the project which includes
governments, distributors, competitors etc. This is because distributors of the organization have
has high power due to understanding their position and rules in the changing policies and
structure of the Wesfarmers. But still problems in the company arise due to more number of
competitors and company has to deal with high competition in the dynamic environment.
There are several issues which the organization has deal with while achieving the
objective of the project. The project of analyzing the key positions of stakeholders is achieved
because of using the efficient leadership position and maintaining the coordination in the
organization. The estimation describes that in the year 2018; the company earns more profits and
has more workforce diversity because of better working environment in the organization
(Vinayavekhin & Phaal, 2019). Through this the overall objectives of expanding the operations
in the international market is achieve that is in the present year the company serve more areas
such as Australia, India, New Zealand and United Kingdom etc. It is due to more satisfied
employees and clear description of the stakeholder’s positions. Through this discipline in the
organization is managed and leads in maintaining good communication with coordination in
Wesfarmers.
Behavioural style used by change leader
Qantas Airways limited is the largest airline by fleet size, international flights and
international destinations. It was founded in the year 1920 in Australia; the airline is the well-
known which generates up to A$17.06 revenue because of providing quality services to the
customers. The airline provides both international services which starts through with and