Stakeholder Strategy Development and Implementation
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This presentation focuses on stakeholder strategy development and implementation, specifically in the context of Facebook. It discusses the different stakeholder groups present and the strategies adopted for each group. The presentation also provides implementation programs for each stakeholder group.
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Stakeholder Strategy Development and Implementation Facebook [Student Name] – [Student Number]
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Introduction •Stakeholder management is crucial for the organization •Any firm which wants to ensure success needs to look after the different stakeholders. •The aim of the presentation is to highlight the manner in which the chosen organization looks after the different stakeholders (Ji et al., 2015). •The firm chosen for the purpose of analysis is the Facebook. •Facebook is one of the largest firms present around the globe.
Stakeholder Analysis (summary) •Facebook has a large number of stakeholders (Facebook 2019) •The stakeholders which adhere to Facebook can be understood to be as follows:Users Advertisers Shareholders Employees Government Communities
Stakeholder Analysis (summary) •The chosen stakeholders have been categorized as follows: •Offensive•Hold •Defensiv e •Swing Facebook UsersCompetitors EmployeesGovernment
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Swing Stakeholder: strategic options •The Swing stakeholder has been selected as the Users •The Users hold an account on the website of the firm. •The strategic options available for them are as follows: •Better privacy •Better interface (She & Michelon 2019) •Customised content
Swing Stakeholder: recommendations •For the strategy implementation, the following strategy has been selected : •Improving the interface •In this case, Facebook would be essentially required to improve its overall interface so as to ensure that it is successfully able to attain a larger target audience (Haigh & Wigley ,2015).
Defensive Stakeholder: strategic options •The defensive stakeholders have been taken as the Competitors •These stakeholders have a low cooperation capacity but high competitive strength •The strategic options available for the stakeholder group is as follows: •Coming up with better deals for the advertisers •Improving the interface (Shin, Pang & Kim,2015) •Providing better user facility
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Defensive Stakeholder: recommendations •For the implementation, the following strategy has been chosen to be appropriate: •Coming up with better options for the advertisers •With this strategy, Facebook would be able to compete with the different competitors in the right manner and hence, would be able to ensure success in the long run.
Offensive Stakeholder: strategic options •The offensive stakeholders have been chosen as the Employees. •The employees form an integral part of the organization and hence, the firm must take initiatives to keep them happy. •The different strategic options which are available for this stakeholder group can be stated to be as follows: •Making employees socially responsible •Engaging in better involvement (She & Michelon, 2019) •Paying incentives
Offensive Stakeholder: recommendations •Out of the different strategies which were analysed, the strategy which is better recommended for the firm can be understood to be as follows: •Implementation of a better pay system In this way, the firm would be successfully able to engage in better pay and incentive system for the employees which would assist it in ensuring long term success.
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Hold Stakeholder: strategic options •The hold stakeholders have been chosen to be the government. •The different strategic options which have been chosen for the firm can be stated to be as follows: •Better law re-enforcement •Better employment opportunities •Better CSR (Smithson ,2019)
Hold Stakeholder: recommendations •Out of the various strategic options which were analysed, the one which can be best chosen for the firm can be understood to be as follows: •Engaging in creation of employment This strategy would allow the firm to ensure that it is being able to create sufficient employment which would be beneficial for the society in the long run (Shin, Pang & Kim,,2015).
Strategy implementation •Therefore, it needs to be understood that just forming the strategies is not adequate and instead, initiatives need to be undertaken in order to ensure that the firm is able to deal with these issues in the right manner. •The following structure will be followed by the firm Resource AllocationCommitmentInteractionEvaluation
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Swing stakeholder; strategy implementation •For the users, the following manner can be adopted so as to implement the strategy: StakeholderUsers Resource AllocationTask view and employee effort commitmentParticipation InteractionInteracted with the help of a public communication EvaluationLong term monitoring programs
Offensive stakeholder; strategy implementation •For the employees, the following manner can be adopted so as to implement the strategy: StakeholderEmployees Resource AllocationHRM and Finance department commitmentThrough shared values InteractionExplicit communication EvaluationLong term evaluation programs
Defensive stakeholder; strategy implementation •For the competitors, the following manner can be adopted so as to implement the strategy: StakeholderCompetitors Resource AllocationNew task force commitmentShared values and participation InteractionZero communication EvaluationLong term monitoring programs
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Hold stakeholder; strategy implementation •For the government, the following manner can be adopted so as to implement the strategy: StakeholderGovernment Resource AllocationFinancial allocation commitmentShared Participation InteractionPublic communication EvaluationLong term monitoring programs
Conclusion •Therefore, from the analysis it can be largely understood that, Facebook has a large number of stakeholders and that, the firm would be required to undertake a considerable number of initiatives to manage each stakeholder group •The presentation highlight the different stakeholder groups present and the strategies adopted for each of them. Additionally, implementation programs for each group were provided.
Portfolio Analysis D&H Food Group
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Introduction •D&H Business Portfolio •The D and H Business portfolio is a fifty year old portfolio with an adequate number of units •Each of the units have been performing differently •The units are as follows: Munchy Biscuits Pure Juice Fun vile chocolates Burgers R Us Home Fresh
BCG Matrix ? Relative Market Share Market Growth Rate 1= Munchy Biscuits 2=Pure Juice 3=Funville chocolates 4=Burgers R Us 5=Home Fresh2 and 4 3 5 1
GE-McKinsey Matrix Growth Competitive strength of business unit HighMedLow Industry attractivenessHigh Med Low Growth Harvest SelectiveHarvest HarvestSelective SelectiveGrowth 5 3 2 and 4 1
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Synergy Matrix Threshold of acceptance Misfits Incoming: Benefits from belonging to portfolio +- Fits + - Outgoing: Benefit to portfolio Altruists Givers Parasites Takers 2 and 5 1 3 4
Business categorisation BCG Matrix GE-McKinsey Matrix Synergy Matrix Munchy BiscuitsQuestion MarkGrowthFit Pure JuiceQuestion MarkSelectiveMisfit FunvilleDogHarvestParasites Burgers R UsCowSelectiveTakers Home FreshStarGrowthMisfit
Munchy Biscuits •Analysis •From the analysis it could be reflected that the unit has been performing very well. •Recommendations •D and H is recommended to continue its operations in the particular unit and invest large amount of funds into the unit.
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Pure Juice •Analysis •The performance of Pure Juice has been questionable. It is performing poorly in a good sector. •Recommendations •It is recommended that the firm engages in research and development before investing in the unit.
Funville •Analysis The Funville chocolates has been performing very poorly and is a burden to the firm. •Recommendations •It is recommended that the firm disinvests in the unit.
Burgers R Us •Analysis The condition of Burgers R Us is the same as that of the Pure Juice. The unit has been performing poorly •Recommendations The firm is recommended to look out for better opportunities before engaging in further investment.
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Home Fresh •Analysis •The Home Fresh is the best performing unit of the firm and is the star of the group. •Recommendations •It is recommended that the firm continues to invest in the unit so as to ensure that, it is being able to ensure success.
Conclusion •D&H Business Portfolio •Therefore, from the analysis it can be understood that the firm would be required to undertake considerate strategic decisions in order to ensure success •Only the Home fresh and Munchy biscuits are the suitable units of the firm. •Recommendations to improve each unit has been provided.
References •Facebook 2019Our Mission[Online]. Available from:https://newsroom.fb.com/company-info/ [Accessed on 8thAugust 2019] •Haigh, M.M. & Wigley, S., 2015 Examining the impact of negative, user-generated content on stakeholders.Corporate Communications: An International Journal,20(1), pp.63-75. •Ji, Y.G., Li, C., North, M. and Liu, J. ,2017. Staking reputation on stakeholders: How does stakeholders’ Facebook engagement help or ruin a company’s reputation?.Public Relations Review,43(1), pp.201-210. •She, C., & Michelon, G. ,2019. Managing stakeholder perceptions: Organized hypocrisy in CSR disclosures on Facebook.Critical Perspectives on Accounting,61, 54-76. •Shin, W., Pang, A. & Kim, H.J., ,2015. Building relationships through integrated online media: Global organizations’ use of brand web sites, Facebook, and Twitter.Journal of Business and Technical Communication,29(2), pp.184-220. •Smithson, N. ,2019.Facebook Inc.’s Mission Statement & Vision Statement(An Analysis)[Online]. Available from:http://panmore.com/facebook-inc-vision-statement-mission-statement[Accessed on 8th August 2019]