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Task: 4(a) Applying and placing the JSP Stakeholders In The Matrix & Grid:
DEGREE OF IMPOANTANCE
Box C
Box D
.Tina Lee
LOW IMPORTANCE
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DEGREE OF INFLUENCE HIGH INFLUENCE HIGH IMPORTANCE Box A .James Hardy .Andrew Jenkins .Akash Joshi .Atif Mehmood .Jennifer Gardner DEGREE OF IMPOANTANCE Box C .Ranjit Parmer Box D .John Dep .Nadia Din .Jean Reeves .Andrew Booth Box B LOW INFLUENCE
LOW IMPORTANCE
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Placing The JSP Stakeholders In Grid (U.K) Box A . Andy Peters .Dave Pod .Daisy Jenkins .Rob Stevens .Arthur Robinson POWER Box B .James Hardy .Atif Mehmood .Jennifer Gardner .Mark Caine .Amy Myers
HIGH
Box C
Box A HIGH .John Dep .Nadia Din .Jean Reeves .Andrew Booth POWER Box C
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Name James Hardy Atif Mehmood Jennifer Gardner Amy Myers Ranjit Parmer Mark Caine Andy Peters Andrew Jenkins Akash Joshi Daisy Jenkins Nadia Din Matri Boxe x s Dave Pod John Dep A
Designation Managing Director Finance Director Project Director H R Director Marketing Director Operations Director Sales Director Investor Investor Marketing Manager Operations Meaning Manager Regional Manager
Employmen t with JSP 9 years 9 years 9 years 3 years 8 years 6 years 2 years 3 years 5 years 2 years
Matrix
Grid
B A
A A
A D
Stakeholders who stand to o Mostly this box of Matrix covers Shareholders, Investors and Directors of B A INDIA lose or H.R Manager project 6 years company. gain from the the & whose actions can affect Rob Stevens the progress of project. Construction 4 years UK o These Stakeholders and the company both are closely related with Manager each other, they are Decision makers of JSP because they have their shares in JSP ( James Hardy 60%, Atif 20%, Jennifer 20%). Their profit Arthur Robinson Construction 7 years UK depends upon their Shareholding so if they will take any wrong decision it Manager will not only affect Companys progress but also their own profit. Construction Manager Construction Manager 6 years
INDIA Their actions highly influence the companys progress and their profit depends upon companys success (mostly they are decision makers). INDIA Company and these stakeholders are closely related with each other.
5 years o
Stakeholders who stand to 2 years o This box involves those Stakeholders who are at the Management level. Assistant Training INDIA lose or Manager the project gain from But whose actions cannot o Their incentives and other benefits depend upon Companys performance so D C Tina Lee Training Manager 3 years UK affect the progress of the Companys success is important for them. project.Payroll Assistant Jamie Tong 1 years INDIA o Their influence varies according to the delegated authority and position (E.g. Nexus Properties UK Marketing & Regional Managers have more authority than Construction (Client) Managers so they have more influence). Commercial clients INDIA D C Stakeholders who do not o This Box covers Lloyds bank (who givesC credit) & Clients (who invest in stand to lose or gain much Properties). Rsidentiel Clients UK from the project But whose actions can affect the o These Stakeholders have high influenceC because if Bank will not give credit or Lloyds Bank INDIA/UK Note : Lloyds Banks progress of the project. Clients will not invest in properties for JSP then it will position is different in both affect effective functioning (source of risk) or progress of JSP. the Grids (India & UK). o INDIA : D o Company has low importance for them because if Company will :not perform o UK C well, it will affect neither Clients nor Bank. D Stakeholders who do not stand to lose or gain much from the project & whose actions cannot affect the progress of the project. o o These are least involve stakeholders in the company.
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G rid
Box es A
Meaning High Power & Low InterestWe Should try to keep them satisfy. o
Reasons Top level Management comes in this Box because Managers have high power to manage the things in their particular field. o Although Managers have interest in the Company but in compare of Directors they have low interest. Note: Andy peter is the Sales Director of the company and has high power but his performance (targets not met) & future plans (might change sector) shows that he doesnt have much Interest in the project and there is no offered location for Andy Peter because of his insufficient experience &performance for this post.
o This box mostly includes shareholders and directors. o If the Company is growing then Shareholders gain profit according to their
o o Shareholding so they have high interest in the Company. Directors are main Decision Maker in the Company, A Companys growth depends upon their rational Decisions so they are highly involved in the Companys success and they have high interest. These stakeholders are Decision Makers so they have high power in the company.
Low Power & Low InterestKeep monitoring but do not make much effort.
o They do not have decision making power. o Mostly covers lower level management. NOTE: Although Lloyds bank gives credit to JSP but because of present conditions it is Showing less interest in giving loans/credit so in the U.K Grid Lloyds Bank is in this Box. These are investors. They show high degree of interest in the company because their profit & loss depends upon companys performance. NOTE: Lloyds bank is showing positive interest in Indian property market and willing to provide huge amount of loan for Indian property market. o o
Low Power & High InterestKeep them informed about the issues, sometime they can be very useful.
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Task 4 (c)
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Engagement Method to be used o They are Decision makers of the company who develops a number of scenario plans, analyzes the outcome and builds an action plan like they did through the board meeting ( whether JSP should move to India or not).
Managing Director
Jennifer Gardner
Project Director
Amy Myers Ranjit Parmer Nadia Din Dev Pod Daisy Jenkins Mark Caine John Dep Rob Steven Arthur Robinson Andrew Booth Jean Reeves Tina Lee Jamie Tong Ruth Daniels Lloyds Bank Nexus property plc & other clients Andrew Jenkins Akash Joshi
Human Resource Director Marketing Director Operation Manager Regional Manager Marketing Manager Operation Director Human Resource Manager Construction Manager Construction Manager Construction Manager Construction Manager Training Manager Payroll Assistance Assistant Training Manager Principal Banker Clients Meeting Private Investor Private Investor Formal organizational position /role
Mostly directors are the decision makers & the employees who are at management level are experienced so their views and opinions can be beneficial for the company.
o But the employees who have less experience will follow formal
way & decision makers will discuss formally (e.g. Although Amy Myers is H R Director but she is working for JSP only from last 3 years which is comparatively less & Dave Pod has 2 years experience with JSP so they will work or discuss in formal manner). . o This describes the formal and informal elements of the organization.
They are investor, money lenders or the financier of the company. Decision makers (directors) of the company discuss the project plan in the meeting with them, which can be beneficial for the future financial issues of the company.
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Task 5 (a)
Suitability of Matrix & Grid used for identifying appropriate stakeholders Task 4(a) involves Influence-importance matrix and power-interest grid, which are the power tools to identify key stakeholder, their influence, importance, power and interest in the organization. Every tool has their strengths and weaknesses which differ from user to user. (E.g. User-Human elements Tools people looking for result). Matrix: An influence importance matrix shows (strengths): o It helps us in selecting the Key Stakeholders who are important in changing process because it Stakeholders who are in Box A are the strongest Stakeholders, those who are in Box B have low shows who has more influence and importance in the company.
o o
Influence but high importance and Stakeholders who are in Box C have high Influence but low Importance. Positioning of Stakeholders in each Box shows the level of importance & influence (e.g. James
Hardy is at the top left hand corner in Box A which shows he has high influence and importance in compare of others.)
Importance of the company for stakeholders (how much companys progress affects them). Those who are in Box D not the Key Stakeholders and we can ignore this group in Project Design
and Implementation because they are least involve Stakeholders. Grid : A power-interest grid shows (strengths): o It helps us in selecting the Key Stakeholders according to their Power and Interest (e.g. Box B
Stakeholders have high Power and Interest because they are the Directors of the Company, Box A Stakeholders High Power but Low Interest and Box D Stakeholders have Low Power but High Interest).
o o
According to Power, Interest Grid those stakeholders who are in Box C are not Key Stakeholders
because they have Low Power and interest in the company so we can ignore them in Project Design & Implementation. Level of Power and Interest vary in each Box according to the positioning of Stakeholders (e.g.
James Hardy is in the top right hand corner of Box B then Atif and Jennifer comes which shows that James Hardy has more Power and Interest than other Stakeholders so he is the strongest Stakeholder ). Using these tools (matrix & grid) on regular intervals help us to understand who the Key Stakeholders are and whom we should involve in selection or project design & implementation process so in this way it helps in smooth decision making process.
Weaknesses:
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o o
The person who is using these tools must have expertise in using them. It is difficult to describe degree of influence and importance for each stakeholder in the Matrix and a
small mistake can cause adverse or negative impact on the project (e.g. Jamie Tong & Ruth Daniels are in Box D of Matrix if we will place them in B or C in this case person who is looking for result can select a wrong person for a position which will affect the progress of the project).
It is not sure that your opinions will match to that person who are looking for results (e.g. I have
placed Construction Managers in Box B although they have less influence & importance than other Managers but according to me in the Company like JSP Construction is a major part so we should involve them in Project Design & Implementation but the other person may think that they are not the Key Stakeholders so they should come in Box D because they have less importance and influence than other Managers
Task 5 (a) ii
Engagement methods used to identify the stakeholders are best suitable methods to gather or deliver information among the stakeholders because they are used according to the power, importance, influence, interest, structure, performance qualities etc. Following three Engagement methods are used to identify the key stakeholders of JSP:1). Combination of Scenario and Meeting (Board Meetings) 2). Formal & Informal Methods 3). Meetings These Engagement methods give some information which helps in identifying stakeholders so these are strengths of Engagement methods. They are as follows:-
1.
How Stakeholders want to receive information or want to discuss the projec t e.g. informal organization method is
used for those stakeholders who have enough experience with JSP with good leadership quality like Ranjit Parmer and scenario analysis & meeting is used for Decision makers and strongest stakeholders who develops scenario planning for the effective functioning of the company
2.
What
financial
or
emotional
interest
do
they
have
in
the
outcome
of
work
(e.g. Mr. James Hard -owner and MD, Atif Mehmood-finance Director and Jennifer-Project Director of the company are attached emotionally and financially with the company and has a positive interest in change in the JSP).
3.
Their opinions for organization change : e.g. Stakeholders give their opinions in the meetings (Board meetings,
formal & informal meetings) like in the Board meeting of JSP James Hardy mentioned that JSP should move to India then Atif and Jennifer shared their opinions for JSPs Indian operation.
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4.
What motivates them : Selecting a best Engagement method means best way of communicating or discussing
issues with the stakeholder. If it is suitable for him then it motivates him to present his views & he feels himself as an important part of company.
5.
Discuss Major Issues : Through Engagement methods we can discuss major issues which may arise in the
company like JSP did in Board Meeting (discussed about JSPs Indian operation). Engagement methods used to identify the stakeholders are best suitable methods to gather or deliver information among the stakeholders because they are used according to the power, importance, influence, interest, structure, performance qualities etc.
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Locati on Offere d
Strategy Push/Pul l
Reasons
Required Information
James Hardy
Managin g Director
India
21
Managin g Director
Pull
Atif Mehmood
Finance Director
23 India
Finance director
Pull o o
o Knowledge of o Director and 20% Shares in JSP: Indian property Jennifer Gardner Project Director India 30 Project Director Pull o So she has equal rights like Atif and an important part of JSP. Outstanding performance & Leadership. o o market. Preferred location to work Desired role
o o o o
Ranjit Parmer
India
18
Pull
John Dep
HR Manager
35 India
HR Director
Pull o o o
Mark Caine
Operatio ns Director
3 India 0
Operatio ns Director
Pull
o He is familiar with the Indian Page 12 ofproperty market so for some time 21
with UK property market he would be handling Indian operation also until new experienced person is
Push and Pull strategy is used to select JSP Stakeholders for Indian operation. In this strategy Pull indicates retaining of staff for Indian operation and Push indicates to those Stakeholders who are not selected for Indian operation. Use of Push and Pull strategy has given a clear structure of JSP for India. In this structure employees are selected according to their experience in the property sector, knowledge and familiarity of Indian Property market, their performance, their interest and future plans.
Task 6(c) Contingency planning of JSP if it decides to move to India Contingency plan is a preventive plan against any disaster which tells us what to do if any particular event happens or does not happen so it is a plan against unexpected risk. The purpose of contingency plan is to reduce uncertainty. Risk Assessment: It involves identifying and assessing the risk. Following risk events could harm JSPs operation.
Risk Assessment List: Ratings (1-10) of probability and consequences for each event (1=Low,
10=High). Event Probability
7-8 2-3 3-4 2-3 3-4 6-7
Consequences
8 9 5 5 4 3
In the 1st event probability of entering a new and more flexible competitor in the market is 7-8 and the consequences which JSP will face are 8. Rest of the events also follows the same procedure and the ratings of probability & consequences which are given on the scale of 1-10 (low to high). Risk Matrix -: Risk Matrix shows suitable strategies for the risk events. Events in box A & Box C come under Retention strategy, Box B Avoiding strategy and Box D Transfer strategy.
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HIGH (10)
Box A RETAIN
Box B AVOID
1.
6.
Probability
Box C RETAIN
Box D TRANSFER
5.
3. 4.
2.
Consequences
HIGH (10)
To face these risk events in future JSP should follow following strategies -: 1). Avoiding strategy Event 1 comes under this category which is New & more flexible competitors
entered in the market. This event will result into decrease in sales which will lead to decrease in profit and cash flows. According to this strategy there should be succession plan to avoid or reduce the negative consequences. JSP can include following points in their succession plan-
Customer service -: JSP can provide additional customer service to maintain the sales volumes like Maintenance of property for a certain period.
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Cheap price
-:
Reduce the price of property and sell it on cheaper price than other competitor. Although it will decrease the profit margin but it will help in maintaining sales volume which will lead into better results in future.
Event 2 comes in this strategy. According to this strategy JSP should transfer the
risk to the third party e.g. insurance company. Insurance company will pay indemnity when the event occurs. In the case of accident of any board of Director Company will be in better position if that person has Car insurance or life insurance. 3) Retaintion strategy Events 3,4,5,6 comes in this strategy. Risk of all the events would be managed
or retained by the Finance Director because this would be a beginning stage of JSP so there wouldnt be any risk management committee. According to this strategy either reduces the probability or consequences or both to reduce the risk. JSP should adopt the following ways to reduce the risk of these eventsFinancial Shortfall In the case of financial shortfall JSP must have links with the Banks who can provide loans on cheap rates or there should be some reserve funds which can be used in financial shortfall. Value of property is reduced in particular area In this case if JSP has sufficient funds then it can invest in
buying new property and can sell after on increased price. But JSP can sell the property with fewer profit margins if there is a need to maintain sales volume and cash flows. Large investors dont want to continue the contract and denying investing anymore - JSP shouldnt rely only on some large investors there must be some with the local Indian investors because they know the Indian property market better than others and JSP should not ignore small investors, they can be large investors in future & they are not investing huge money because may be they do not have faith on JSPs new project. Employees quits the company - To reduce the risk of this event there should be a contract between company and employee which shows that employee cannot leave company before a certain period otherwise he will have to give certain compensation.
Task 7 (a) Proposed delayered structure of JSP In the present situation UK property market is affected by Recession so JSP is relocating 80% business to India because Indian market is less affected by the Recession and its property sector is booming. For selecting the staff for Indian operation Push and Pull strategy is being used. Pull indicates selecting the employees for Indian operation and Push indicates to those employees who are not selected for Indian Operation. To perform both the operations together (India & UK), two different delayered structures have been made and the basis of delayering is the performance, interest, experience, future plans and knowledge of market. So JSPs new
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structure is less bureaucratic flat structure. In this structure strongest Stakeholders (according to Influence-importance Matrix & Power-Interest Grid) who have final Decision Making power have been retained for both the operations (e.g. James Hardy, Atif, Jennifer). Reasons of retaining and dismissing the Staff within the proposed structure of U.K
Reason
final Decision Maker of JSP and his involvement is e because Companys progress depends upon his De
Amy Myers
Retain
H R Director
H R Director
o She has good experience in H R and John Dep (H R moving to India so her presence in H R department i UK operation. o Wants to stay in profession.
Mark Caine
Retain
Operations Director
Operations Director
o He possesses number of strengths in directing UK o o Wants to remain in the U.K in the same sector. o Nadia Din (Operations Manager) is moving to India s is essential In UK.
top three strongest Stakeholders for JSP with James (according to Matrix & Grid). Jennifer Gardner Retain Project Director Project Director
upon her vision and decisions & her profit depends u companys Progress)
three strongest Stakeholders for JSP with James Ha Jennifer (according to Matrix & Grid).
o So his involvement is essential for UK operation of J o Daisy Jenkins Retain Marketing Manager Marketing Director o Excellent in her current role.
Ranjit Parmer is moving to India so her involvemen Marketing for UK operation so now she would work Marketing Director of UK. He wants to remain in U.K.
Rob Steven
Retain
Construction Manager
Construction Manager
Arthur
Retain
Construction
Construction Manager
Wants to remain in the sector (in UK) Two Construction Managers (Jean & Andrew) are m so he will stay in UK and support to Rob.
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Ruth Daniels (Assistant Training Manager) is movin her involvement as a Training Manager is essentia operation.
Andy Peters
Dismiss
His underperformance ( targets not met) Informal way of working Insufficient experience for Sales Directors post.
The reasons of retaining the Staff within the proposed structure of India: For Indian operation best suitable employees are selected and the basis of their selection is their performance, interest, skills and the knowledge of Indian property market (e.g. Ranjit Parmer is familiar with Indian market and has property related contacts in India so he is moving to India), employees are selected with the help of Push & Pull Strategy. Strongest Stakeholders (James Hardy, Atif, Jennifer) whose involvement is essential for the effective functioning of JSP have retained for both the operations (India & UK). Reasons for retaining the staff within the proposed structure of India have already been discussed in task 6(a) in Push & Pull strategy.
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Marketing Team
Operations Team
Accounts Team
Sales Executives
Site Manager
Mortgage Team
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Site Manager
Note:
1. Numbers indicate number of employees. 2. (*) Represent those employees whose designations have changed.
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Because of de-layering in the structure extra responsibilities may affect the performance. Daisy Jenkins is new for Marketing Directors position. Present market situation may restrict employees to perform. New recruitment at the sales directors position will take time to understand companys operation.
Team members are familiar with Indian market and work culture e.g. Ranjit Parmer has contacts in India & he is familiar with Indian Property market, Jean Reeves and Andrew Booth have experience in foreign property market so they are moving to India).
Cost cutting can be done easily because of cheap labour. Reduces top management team size, according to requirements. Ranjit parmar is handling sales and marketing department and he has enough knowledge of Indian market with excellent leadership quality. So he would be a key factor.
New market will require new recruitment so HR departments involvement will be more so training manager Ruth Daniels will have a payroll assistant (Jamie Tong).
Weaknesses: New market can affect the performance of employees. Recruiting new staff will not be easy in the new culture. Employees may take time to understand the market condition and to adjust themselves in the market. Some employees will move to India on the condition of high package so company has to pay increased pay to the old employees. Competition in the new market (Developed cities like Delhi, Mumbai, Chennai, Kolkata, Bangalore etc. already have strong competitors in this market e.g. DLF, Unique builders) It will be difficult for Ranjit parmer to handle both the departments sales and marketing because in UK he was only handling marketing department so he is new in sales field.
Communication Gap: New JSP structure has just three layers which reduces communication gap
(e.g. if an executive wants to convey a message he doesnt need to go through number of layers he just need to communicate with the Manager then Director in this manner a correct and almost exact message can be conveyed easily ).
Quick Decision Making: Decision Making is quick and centralized because of less hierarchical structure who is responsible for Decision Making).
which reduces unnecessary delays (In this structure every department has Director
Less Bureaucratic: Current JSP structure is less Bureaucratic so it has less policies, rules and regulations
which are helpful because sometime unnecessary rules & regulations becomes time consuming.
Less Conflicts: If number of layers in every department is more then the conflicts among Page 20 of 21
the employees would be more because every person has their own point of view but in this structure departments are divided into 2 or 3 layers so internal conflicts would be less. This structure has been made according to the new technology so it has so many other advantages
Less Bureaucratic: Because of less bureaucracy this structure has less rules and regulations so it
is difficult to perform daily routine activities and for a new employee there must be certain rules and regulations so that he can follow them to complete his tasks.
Work Load: Work Load can be more because of Delayering in the Structure (e.g. In India Ranjit
Parmer is handling both the departments Sales & Marketing so work load would be more).
Less Authority Delegation: Employees have less authority in this structure because of centralized
Decision Making.
Less Specialization: Less Specialization can be a issue in this structure because for India there is
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