# Homework (2020-11-17 - last homework) - Enterprise coherence governance

## What are the main powers/stakeholders with respect to change?

* Nestle
* Lawmakers
* Management
* Suppliers/Manufacturers
* Employees/Unions
* Customers
* Shareholders
* Market/Competitors

## Relevant engagement domains? How related to strategy?
### Nestle
* Target market: Expand profits vs cut into profits of Nestle/other subcompanies
* Business expansion/change: Taking up risk Nestle stakeholders might not want to bear
* Financing: Request additional ressources/approval for change projects

### Lawmakers
* Laws and Regulations: check for legality/limitations
* Patents: check for potential patent infringement

### Management
* Budget: Willingness to take up risk, financing of change projects
* Target agreements: alignment of change with individual target agreements affects willigness to change
* See section *Employees/Unions*

### Suppliers/Manufacturers
* Contracts: Flexibility vs regular contracts, ability to change existing contracts
* R&D: Sharing of new manufacturing processes/technology

### Employees/Unions
* Contracts: Consider worker contracts and labor laws
* Accepetance of change: Communication of change, employee involvment
* Job security: consider fear of job loss as potential barrier of change
* Motivation: Being central for execution vs ability to influence company direction, communicate change clearly

### Customers
* Product acceptance: follow a customer centric development process
* Marketing: communicate changes to customers

### Shareholders
* Financing: Risk/reward of change, maximisation of profits/returns

### Market/Competitors
* Business model: observe the market, impact on own business models
* Product: observe the market, impact on own business models
* Business partnerships: cut partnerships or involve in change process