Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
Stakeholders
Internal stakeholders for this project include students, the teachers, and the school
administrators. They would all need to be partners in some way to make the project work.
External stakeholders would be parents, tax payers, local government and private investors.
These subjects would also need to be partners in order for the project to be successful.
Committees
For internal stakeholders, there should be a committee that addresses issues that arise on
a daily basis due to the new initiative. Internal stakeholders will be directed affected and will
have their own particular concerns over the duration of the project. Students can use this
committee to express any learning difficulties or environmental changes that can come as a result
of the classroom consolidation. Teachers will be able to discuss new challenges in the classroom
due to the project with the committee, who will be responsible for creating solutions. The school
administration can also use this committee to address concerns about the project that affect
school resources, capacity, etc.
External shareholders should have a committee that acts as a combination of internal and
external so that external shareholders are informed about what exactly is taking place during the
project. For instance, the second committee should be comprised of particular teachers and
faculty of the school, along with relevant government representatives, tax payers and private
investors. This way, internal concerns can be taken into account when addressing external
concerns. Stakeholders who are on the outside looking in should have a committee that serves
updates on progress, next steps, and addresses internal concerns from the external perspective.
Articulate how you would integrate the external stakeholders into the strategic management
process and how you would keep stakeholders informed.
External stakeholders would be kept informed through committees that focus primarily
on relevant information regarding the strategy of the classroom consolidation. This committee
would prepare weekly or monthly materials that will be distributed to external shareholders, as
well as hold public forums for shareholders to voice concerns about parts of the strategy.The
most productive way to communicate to these shareholders is to have an agreed upon list of
shareholders needs and wants that can be compared to each step in the strategy, during these
public forums. This will highlight the connection between their concerns and the steps being
taken.
Optimal Solution
The best solution to problems that may arise when consolidating students to create larger
classrooms is to redesign curriculum to be conducive to a larger class size. The resources saved
by using less teachers should be used partially to create extra support for students like tutoring
and emotional support. More students means more concerns and less authority to handle those
concerns. In order for the project to fulfill its goals--properly educating and supporting students
within the resource constraints of the school administration, there has to be a substitute for the
loss incurred by the project. The optimal solution is to balance out that loss.
Internal stakeholders for this project include students, the teachers, and the school
administrators. They would all need to be partners in some way to make the project work.
External stakeholders would be parents, tax payers, local government and private investors.
These subjects would also need to be partners in order for the project to be successful.
Committees
For internal stakeholders, there should be a committee that addresses issues that arise on
a daily basis due to the new initiative. Internal stakeholders will be directed affected and will
have their own particular concerns over the duration of the project. Students can use this
committee to express any learning difficulties or environmental changes that can come as a result
of the classroom consolidation. Teachers will be able to discuss new challenges in the classroom
due to the project with the committee, who will be responsible for creating solutions. The school
administration can also use this committee to address concerns about the project that affect
school resources, capacity, etc.
External shareholders should have a committee that acts as a combination of internal and
external so that external shareholders are informed about what exactly is taking place during the
project. For instance, the second committee should be comprised of particular teachers and
faculty of the school, along with relevant government representatives, tax payers and private
investors. This way, internal concerns can be taken into account when addressing external
concerns. Stakeholders who are on the outside looking in should have a committee that serves
updates on progress, next steps, and addresses internal concerns from the external perspective.
Articulate how you would integrate the external stakeholders into the strategic management
process and how you would keep stakeholders informed.
External stakeholders would be kept informed through committees that focus primarily
on relevant information regarding the strategy of the classroom consolidation. This committee
would prepare weekly or monthly materials that will be distributed to external shareholders, as
well as hold public forums for shareholders to voice concerns about parts of the strategy.The
most productive way to communicate to these shareholders is to have an agreed upon list of
shareholders needs and wants that can be compared to each step in the strategy, during these
public forums. This will highlight the connection between their concerns and the steps being
taken.
Optimal Solution
The best solution to problems that may arise when consolidating students to create larger
classrooms is to redesign curriculum to be conducive to a larger class size. The resources saved
by using less teachers should be used partially to create extra support for students like tutoring
and emotional support. More students means more concerns and less authority to handle those
concerns. In order for the project to fulfill its goals--properly educating and supporting students
within the resource constraints of the school administration, there has to be a substitute for the
loss incurred by the project. The optimal solution is to balance out that loss.
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