Sunday, September 8, 2019
Case study Example | Topics and Well Written Essays - 750 words - 41
Case Study Example To the larger investors and stakeholders, the management should have informed them earlier with plans and strategies for ensuring that they (investor) would not lose their investments. The larger stakeholders control the public image and therefore should be given much consideration (Miller, 2005). In management, the answers are not different. If the management learned of the impending wine shortage six months, it would give them ample time to select the higher, middle and lower investors. Upon identification, the management would prepare time and strategies for convincing the investors that everything would be okay (Miller, 2005). Investors are afraid of shocks that, with carefully analyzed strategies, they can be convinced that absorbing the shocks is the managementââ¬â¢s responsibility that they must ensure to protect their investments. Making the announcement of a potential loss of profits and investments, especially to investors and stakeholders, is always a headache to the management. The best way of action and making of such an announcement is communicating and talking to different groups privately before letting the information out to the public. The stakeholders of the company must know the truth. However, the management must ensure they have a careful strategy of acting to such an impending shortage to ensure that the stakeholders continue investing and supporting the company. To the outside stakeholders, the message should be a different one; it should be competition as usual. Going into detail for outside stakeholders would lead to also informing the competitors of the companyââ¬â¢s struggles and strategies that the management cannot afford (Miller, 2005). I think Mondavi Wineryââ¬â¢s handling of the new analyst was very poor. The management did not offer all the necessary information to the analyst for his analysis. If he had all the needed information, Solomon smith would not have upgraded the company to a ââ¬Ëbuyââ¬â¢. Mr.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.