Chapter 2 - Written Assignment Interest Power 1. a. Create a diagram with 2 dimensions like the one above and plot the Craig School of Business' major stakeholder groups. Plot groups more affected by the CSB's activities (actions, decisions, etc.) higher along the 'Interest' axis, and those with more power to affect CSB's success at fulfilling its mission further to the right along the Power axis. When plotting a group, consider both dimensions simultaneously - if the group has high power but low interest, for example, they would be somewhere in the bottom right of the diagram. b. Offer some justification for why you placed 2 or 3 stakeholder groups where you did. c. Different stakeholder groups can have different, even competing goals. What are some conflicts you might expect to happen between its stakeholder groups? 2. a. Draw a picture of MWSU's hierarchy of authority. You will need to read the discussion in Chapter 2 through the middle of page 41 and apply these concepts to MWSU. Figure 2.1 is helpful, but you will have to translate to a non-profit university setting. The three links under Governance at the bottom of MWSU's About page are helpful. b. Who is the top-management team? c. Is the top executive also the chair of the board? If not, who is? 3. Consider the grocery store chain Aldi. Its business model is based on innovations in how it manages key stakeholder relationships, with the result that it is able to undercut even Wal-Mart on prices for groceries. a. How has Aldi set up its relationships with stakeholders differently than traditional grocery stores in order to drive efficiency and offer lower prices? Give specific examples of 3 stakeholder groups. Chapter 2 - Written Assignment Interest Power 1. a. Create a diagram with 2 dimensions like the one above and plot the Craig School of Business' major stakeholder groups. Plot groups more affected by the CSB's activities (actions, decisions, etc.) higher along the 'Interest' axis, and those with more power to affect CSB's success at fulfilling its mission further to the right along the Power axis. When plotting a group, consider both dimensions simultaneously - if the group has high power but low interest, for example, they would be somewhere in the bottom right of the diagram. b. Offer some justification for why you placed 2 or 3 stakeholder groups where you did. c. Different stakeholder groups can have different, even competing goals. What are some conflicts you might expect to happen between its stakeholder groups? 2. a. Draw a picture of MWSU's hierarchy of authority. You will need to read the discussion in Chapter 2 through the middle of page 41 and apply these concepts to MWSU. Figure 2.1 is helpful, but you will have to translate to a non-profit university setting. The three links under Governance at the bottom of MWSU's About page are helpful. b. Who is the top-management team? c. Is the top executive also the chair of the board? If not, who is? 3. Consider the grocery store chain Aldi. Its business model is based on innovations in how it manages key stakeholder relationships, with the result that it is able to undercut even Wal-Mart on prices for groceries. a. How has Aldi set up its relationships with stakeholders differently than traditional grocery stores in order to drive efficiency and offer lower prices? Give specific examples of 3 stakeholder groups