(Solution) 5OS06 (AC3.1) Identify two stakeholders and explain their involvement in leadership and management development initiatives in your organisation
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Description
Solution
Senior Leadership
Senior leadership, including executives and top management, is the central stakeholder for the leadership and management development initiatives at Saudi Aramco. Starting with the strategic vision of these programs, they start by validating that their strategic vision is in line with the organisation’s long term business objectives as well as understanding the major industry trends. Senior leaders provide organisational support by securing the resources they need such as time, funding, and key personnel access. They also shape the design of leadership programs about what skills and behaviours are needed to drive organisational success in a complex, global energy market (CIPD, 2024c). Furthermore, senior leaders also actively play the role of a mentor or coach, who shares their experiences or insights with the future leaders. Through this involvement, the future leaders in the company gain real world knowledge of the company’s culture and values. This is critical to their contribution to the formation of a culture of continuous leadership development that will empower a resilient and adaptable leadership pipeline with the ability to navigate future challenges.
HR Professionals
The Coordination and management of leadership and management development initiatives is primarily the responsibility of the HR department, specifically the people development team. It is the role of HR professionals to run training needs analysis, such as to identify gaps in leadership competencies so that programs are adjusted to cater to these specific needs (CIPD, 2017). They also create and provide leadership programs, including e-learning platforms, classroom-based training and on the job learning. In addition, HR professionals work closely with senior leadership with the aim of aligning leadership programs with organisational objectives and to lead the evaluation of program, to make sure that the initiatives achieve the expected outcomes. They also get involved in succession planning, to ensure that there is a pipeline of capable leaders ready to step into those key positions upon the shortage of employees in a certain role.
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- In summary, this assignment has focused on evaluating the source of power and risk of an organisation contractual terms. This has been conducted through the focus of SSMC organisation which is currently being engaged in procurement of first aid materials.
- Through a series of analysis, the power and risk distribution has been evidenced as varying in different phenomenon to SSMC and their engaged suppliers. The rationale of this is that for the success of a contract, the legal provisions are critical among the involved parties with clearly set requirements to be adhered to or abstained.
- By using different tools including supplier preferencing matrix, Porter’s 5 forces and Turn-key model have been adopted for this research.
- It has been established that in most instances, SSMC has the power with majority of the risks being held by the supplier. An evaluation of the different components of the contract has been conducted with the clauses of interest including costs, quality level, time for delivery and ethics which influence the power and risk of the suppliers.
- From the analysis of stakeholders by use of the Mendelow stakeholder’s matrix and SWOT analysis, the various issues and risks represent the noted issues in procurement of the fast aid and safety measures in today COVID-19 pandemic.
- As evidenced in the Kraljic analysis, various contract terms are of strategic relevance to SSMC which affirm on its approach of holistically leveraging on contractual risk and power.
- Where the SSMC lacks a holistic balance on the risks and power, a warrant or insurance is granted for guaranteeing their safety.