1.(10 points) Made-Up Inc. has many stakeholders, but the most powerful are their customers (who are very vocal and active), their suppliers (who are few in number), their employees (who are strongly unionized), and the government (because Made-Up Inc. is in highly regulated industry). Rank order these stakeholder groups from most to least important and explain why that ranking is appropriate (3 points). For each of the two most important stakeholder groups, describe the best strategy for managing them, explain why that approach is appropriate, and detail one structural implication arising from the use of the use of that strategy (2 x 3 points). Be sure that your answer is clear and internally consistent (1 point).
2. (10 points) A large company was previously successful, but recently has been losing market share, laying off workers, and suffering from slow product development. How might the company’s stage in the organizational life-cycle explain the recent problems (3 points)? What are the two most important changes you would make to improve performance (2 x 3 points)? Be specific and explain why you made these choices. Be sure that your answer is clear and internally consistent (1 point).
3.(10 points) You own several local grocery stores. Several of your stores have been having trouble with missing inventory which you believe is a result of cashier theft. Explain why cashiers might be inclined to steal while at work (3 points). What would be your two best options for doing something to stop the thefts? Be specific about what you would do and why it would work (2 x 3 points). Be sure that your answer is clear and internally consistent (1 point).
