Answer to Question #256996 in Management for EMDEE

Question

Analyze the external environment of Electrolux within South Africa. Using this analysis, compile opportunity and threat matrices for the Electrolux products. In your response, please include labelled diagrams of the opportunity and threat matrices and your application to Electrolux. Briefly discuss which of these opportunities and threats need to be monitored and which of these are of less importance

Answer 1

The power interest matrix was used to map the various stakeholders in the Electrolux Company. The stakeholders are analyzed in this matrix based on their level of interest as well as their ability to affect the company's actions. Table 1 below shows the generated matrix.

A. Community members B. Employees

Suppliers

Competitors

C. Political influencers D. Financial community

Customers

Stakeholders

Owners

Government agencies

The important stakeholders are c=grouped during the strategic decision-making process, as indicated in table one. We have community members and rivals in section A; both have little interest in the strategic process and no authority to influence the decisions that are made. The activists, workers, and suppliers of Electrolux fall into the second group (B), which includes stakeholders with significant interest but little influence. Any decision may have an impact on them, but they lack the authority to change the decisions that have already been taken. Stakeholders in Group C, such as the state/government, have authority but have little interest in the enterprise. Policymakers are among them. By adhering to their laws and regulations, Electrolux can ensure that these policymakers are happy. The fourth category of stakeholders is the most essential since they have the ability to influence choices and have a high level of interest in the organization. These stakeholder groups are the essential participants, and their viewpoints must be taken into account. During the decision-making process for group A, Electrolux should make the least amount of effort possible. Group B requires that the stakeholders be fully informed, group C requires that the corporation meet the standards, and group D requires that the company view them as major participants.