Question

To analyze the need to balance the interests of a variety of stakeholder groups, what questions should management ask? Provide four (4) questions.

How do managers misuse discipline? Provide two (2) examples

Answer 1

Following are the four questions that the Management should ask to analyze the need to balance the interests of a variety of stakeholder groups:

• Will the actions undertaken by the Corporate house impact negatively upon the customers and if yes, what steps could be taken to minimize such negative reactions from the customers? (Stakeholders: Customers)
• Are the Government and Legal formalities adhered with, at all stages of Company’s growth and development or expansion plans whenever expanding the horizons? (Stakeholders: Government)
• Are the Suppliers being well informed in time about the demand of raw materials or other goods is needed to be stocked by them for timely supply of the same to the Corporate House and ensure smoother stock controls and supply chain measures from the Supplier’s end? (Stakeholders: Suppliers)
• Is the competition actually health or treacherous? (Stakeholders: Competitors)

Following are the two examples as to how the Managers misuse discipline:

• Asking the subordinates to knock and the door and wait until the Manager gives the permission to enter in the cabin while in the cabin, the Manager may be perhaps busy with such online activities that are rather irrelevant to its role as a Manager. Here the manager may hence be only abusing the virtue of its position and making the employees wait for no actual reason.
• Overburdening the subordinates with tasks that may actually be intended for the Manager itself. However, in the name of disciplinary field of time and work management, the Manager may entrust those activities to the subordinates while relieving itself from such tasks.