(Solution) CIPS APGCE Analysis of Stakeholders in Corporate Strategy
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Solution
4.1 Analysis of Stakeholders in Corporate Strategy
Stakeholders entail what Chebbi et al. (2020) identify as ‘people or organisations with interests on corporate strategy influencing how it is implemented’. Considering HWE, a summary of their stakeholders analysis is illustrated in the following;
Figure 1: A summary of HWE Stakeholders
Further, the Mendelow Matrix Analysis is appropriate for stakeholders relationships in the corporate strategy implementation;
Figure 2:Summary of Mendelow Stakeholders Analysis
Source: CIPS (2022)
High Power; Low Interest- UK community and health sector institutions have high power in influencing the corporate strategy. Through a leverage on high-level power with interests harness appropriateness of stakeholders relations.
Low Power; High influence- The administration and management are not actively involved in the development of the corporate strategy but largely impact the outcomes. This is while influencing how collaboration, consultations and information sets are exchanged successfully.
High Power; High Influence- The supply teams, PS&M departments and accounts team have high-level power and influencing how it is developed and eventually pursued as part of the process.
Low Power; Low Interest– The UK government and also competitors in the healthcare sector are primarily only keep informed stakeholders with limited input on the corporate strategy. They play a facilitative roles and are found influencing developing policies and focus.
4.2 Analysis of External Factors which Impact Strategic Aims
To identify different external factors, it is relevant using STEEPLED Analysis appropriately (CIPS , 2023a). This is appropriate for varying organisation functions to discover, evaluate, organise and track entire external risks;
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- The purpose of this project is to evaluate supply chain automation by leveraging Industry 4.0 technologies. The identified technologies include Artificial Intelligence (AI) and Machine Learning (ML) noted as critical for streamlining operations and obtaining value-for-money outcomes. This has been pursued by focusing on Wood Plc.
- To conclude, the generated findings of this report evidence WPC is today adopting the application of iSourcing in their procurement and supply management (PS&M).
- In the current project, through an evaluation of options for automation of the organization PS&M, the findings evidence the existence of different limitations hindering the success of their system. The issues of cost overruns, lack of collaboration, and inefficient supply chain as the organization is expanding its current operations have been noted to include limitations of their current sourcing.
- Success in the automation of their supply chain has been identified to lead to the following outcomes;
- Organisation achievement owing to automation of their supply chain, increased confidence and capability, talent management, and employee competency
- Improved stakeholders relations (a later section of stakeholders analysis) easing the change process. Through the iSourcing improvement, WPC would be in a position of harnessing technical and commercial evaluation processes.
- Increased and robust systems and policies which mitigate overall gaps in sourcing system transformation
- Today, only lower than 10% of the entire WPC resources are used to prioritize automation and IT integration successfully. Automation would improve the use of resources in their operations
- Involve their IT and finance departments to ensure within a period of 6 months they
- WPC needs to consider embracing sustainable practices as part of investing in their Industry 4.0 technologies
- Through the adoption of automation, better communication systems backed by AI and ML would be introduced to achieve 70% increased communication effectiveness.
- It is important to increase this through increasing collaboration and alignment of all their interests holistically
- Partnering with institutions for the provision of capacity development opportunities for the PS&M teams and other organizations for the success of the automation process
- Expanding their sourcing of Industry 4.0 technologies. This is to involve highly reputable global companies hence efficient operations and integration of AI
- Source of support from the government to ensure that they are facilitated in terms of policies and appropriate regulations to guide the automation process.