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Business Strategy - Essay Example
Author : jaymekshlerin
Pages 6 (1506 words)
Business Strategy Customer Inserts His/Her Name Customer Inserts Grade Course Customer Inserts 1 June 2011 Earth plc , a large multinational company involved in mining and the extraction of minerals throughout the world is on the verge of implementing the company’s change strategy the centers on supplying the diverse clients’ needs, wants, and caprices…
Earth Plc needs to focus more to the expectations of their most prominent stakeholders and to the processes in which its culture influences the type of strategy it adopts (Abele, 2008). Principal stakeholder analysis Identification of the interests of the different stakeholders Fisk (2008) emphasized there are different stakeholders in Earth Plc. The customers are interested in the financial statements of Earth Plc in order to determine if the company will stay open during the times when the customers will be buying their much-needed mining needs. The employees of Earth Plc are needed the company’s financial statements in order to determine if it is ripe to ask for salary and other wage benefit increases. A set of financial statements that indicates a loss trend will indicate that there is high probability the company will close shop in the foreseeable future. In this case, a majority of the employees will be forced to find employment in other greener pastures (other companies). The managers are interested to get a copy of the financial statements in order to know if they have performed their duties and responsibilities in accordance with preset benchmarks. Basically, managers are given a profit benchmark. ...