Management Consulting
BUSI 640
Student-Consultant Name:
___________________________________
Date of Template Submission:
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Notes REGARDING PRIORITY LEVEL 4
Table 2.1 – Analysis of Strategic Options (Option 1) 5
Table 2.2 – Analysis of Strategic Options (Option 2) 6
Table 2.3 – Analysis of Strategic Options (Option 3) 7
Table 3.1 - Critical Issues in the Context of Recommended Strategic Option – (FINANCE) 10
Table 3.2 - Critical Issues in the Context of Recommended Strategic Option – (HR) 11
Table 3.3 - Critical Issues in the Context of Recommended Strategic Option – (IT/MIS) 12
Table 3.4 - Critical Issues in the Context of Recommended Strategic Option – (POM) 13
Table 3.5 - Critical Issues in the Context of Recommended Strategic Option – (MARKETING) 14
Table 3B – Development of What Need to Be Addressed Statements (5 OR 6) 16
(Finance; HR; IT/MIS; POM; Marketing; Other)
Table 4.1 – WNTBA 1: Evaluation of Alternative Solutions & Recommendation 19
Table 4.2 – WNTBA 2: Evaluation of Alternative Solutions & Recommendation 20
Table 4.3 – WNTBA 3: Evaluation of Alternative Solutions & Recommendation 21
Table 4.4 – WNTBA 4: Evaluation of Alternative Solutions & Recommendation 22
Table 4.5 – WNTBA 5: Evaluation of Alternative Solutions & Recommendation 23
Table 5 – Recommendation Detail # 1 25
Table 5 – Recommendation Detail # 4
Table 5 – Recommendation Detail # 5
Appendices / Tables
REFERENCES
6. Put one Analysis tool for finding three options (solutions) in the Appendices (Choose one of the following: Such as SWOT, 5 Forces Porter, PESTEL, Fishbone, etc)>>>>> It is in the Table 1 at the end of the file
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Option 1
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Briefly Identify & Describe the Option
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Lack of understanding in between the companies due to their personal changes. The Sagamok first nation company have to deal with the communication problem while an agreement is made. The company has to develop their communication skills to effectively manage the things with the companies |
Benefits/ Advantages
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The benefit of this strategic option is that the company will able to communicate effectively with the other companies that will not misunderstand the other parties about the agreement |
Critical Success Factors
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There are various critical success factors of the effective communication strategy which include: Listening, verbal communication, Nonverbal communication, emotional awareness, and written communication
These critical success factors helps the Sagamok first nation company in understanding the other companies |
Threats/ Risks
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There may be the arising of emergency risk communication because many a times the Sagamok first nation company have to share the information on urgent basis with the other companies (Conde, 2017). |
Why is this your recommended Strategic Option?
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This is the recommended strategic option because it helps the Sagamok in clearing out the misunderstanding between the companies. |
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Option 2
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Briefly Identify & Describe the Option
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Negotiation strategy is the second option that has been identify from the given case study. The Sagamok first nation must identify the negotiation strategy. |
Benefits/ Advantages
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The Sagamok first nation company is able to solve the problems which has been creating at the time agreement with the other companies. With the help of this strategy, the company can also solve the conflicts between the companies |
Critical Success Factors
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The critical success factors of the negotiation strategy are leverage, resources, attitude, concession, and power.
With the help of these critical success factors, the Sagamok first nation will improve their negotiation strategy (Dam, Le Dinh & Menvielle, 2019) |
Threats/ Risks
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The major risks of this strategy is that sometimes it may create conflicts between the mining companies |
Why is this your recommended Strategic Option? |
This strategy is very helpful for the Sagamok first nation company because with the help of this strategy the company can negotiate with the companies in terns of getting the best deals. |
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Option 3
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Briefly Identify & Describe the Option
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Access of the new the new technology by Sagamok first nation company to build the sustainable competitive advantage in the eyes of the companies |
Benefits/ Advantages
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The benefits of using new technology helps the Sagamok first nation company in attracting the new companies to invest in the company to provide the services to the customers. |
Critical Success Factors
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The Sagamok first nation have to give the training to the employees before adopting the new technology. They have to guide the employees in a way that will be easy for them for the easily access of the technology. |
Threats/ Risks
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The risk of the access of new technology is that sometimes the employees in the business are not able to understand that how to operate this new technology Demir, Abou-Jaoude & Kumral, 2017) |
Why is this your recommended Strategic Option? |
This is the recommended strategic because it helps the company in attracting the new customers and building the brand awareness of the company. |
CRITICAL ISSUES
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How is it manifested? |
Why is it happening? Cause(s)?
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1) Why Important? 2) Implications if not dealt with? |
Finance F1
Technological change
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The Sagamok first nation and the other mining companies are facing an issues of the technological change
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It is because the mining industries change their technologies for attracting the customers |
This is important because the Sagamok company will lose their customers if this will not improve by them. |
F2
Feasibility issue
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The Sagamok was facing the issues in financial feasibility due to its mining services.
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It is happening because of lack of awareness regarding problems that may arise in the business. |
It is very necessary to consider this factor while developing strategic options to the Company because it may impact upon the whole financial performance of the business. |
F3 Unstable cash flow
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The unstable cash flow is another issue that arise formulating the strategic option to the Company.
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It is happened due to some financial challenges that may face by the Company. |
It is also necessary to consider because unstable cash flow may cause increase in current liabilities of the Company. |
F4 Lack of capital sources
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The Company is also lacking in the financial and capital resources due to technological change and unstable cash flow.
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It is happened because, URSA was entered in negotiation agreement with Sagamok. |
This issue is also very essential to consider because capital or financial resources are the backbone in formulating the strategic planning for the Company. |
F5
High debt services
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The debt services are also high, as the Company is already facing the issues of financial viability (Fiandrino & Tonelli, 2021).
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The market rates of the debt are very high to borrow. |
It is also the important issue to consider by the Company by modifying of strategic options. |
CRITICAL ISSUES
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How is it manifested?
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Why is it happening? Cause(s)? |
Why Important? Implications if not dealt with? |
Human Resources HR1
Training and development
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The training & development is required because they are facing communication issues.
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Due to in appropriate training & development program |
Is important to deal with communication problem. |
HR2 Communication gap
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This issue manifested due to lack of effective communication system (Jaros?awska-Sobór, 2017).
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Due to lack of effective communication strategy at workplace. |
Is important to develop appropriate communication strategy. |
HR3
Lack of effective HR policies
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Ineffective HR policies cause the problem over strategic option |
Due to putting less emphasis over the HR policies |
To deal with issue over strategic option of negotiation agreement |
HR4
Regulatory & workplace Safety
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The regulatory and safety at workplace are also hinder the implementation of strategic option
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Due to constructive practices at the workplace. |
To deal with the employment problem. |
HR5
Retention & conflict
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The employee retention issue is also manifested in Company (Parker et al., 2019).
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Due to lack of motivation and encouragement and conflict management strategies |
To deal with the conflicts and issue arise in negotiation contract |
CRITICAL ISSUES
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How is it manifested?
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Why is it happening? Cause(s)? |
Why Important? Implications if not dealt with? |
Info Tech IT1
Supply of information
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It is manifested by communication gap at the workplace |
It is happening due to communication gap improper flow of information. |
Is important to deal with the issue and smoothen information supply. |
IT2 Innovation in mining technology
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It is manifested by lack of technological advancement.
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Happening due to unable to deal with the technological change |
To deal with negotiation contract effectively |
IT3 Technological infrastructure
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Lack of technological advancement. |
Due to lack of financial resource |
To achieve competitive advantage |
IT4
Regulatory compliance
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Copyright, patents laws, software license |
Due to country’s laws |
To deal with competitors |
IT5 Risk management & governance
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Risk of high costs and obsolesce |
Due to dynamic technological environment |
To deal with competitors |
CRITICAL ISSUES
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How is it manifested?
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Why is it happening? Cause(s)? |
Why Important? Implications if not dealt with? |
Operations OP1
Process of mining
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Manifested by its complex process |
Due to large number of resources are required |
To ensure effective proceeding of mining |
OP2
Health & Safety
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Dangerous profession |
Due to high risk |
To ensure safety and security of employees |
OP3
Access to energy
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Large amount of capital is required |
Due to high access to natural and financial resources |
To ensure proper utilization of resources |
OP4
Environmental footprints
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High impact on environment |
Due to high environmental impact |
To ensure environmental safety |
OP5
Volatility of the commodity price
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By recent disruption in commodities (Jones, 2020). |
Difficulty in planning income & expenditure
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To ensure improving efficiency and minimizing time |
CRITICAL ISSUES
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How is it manifested?
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Why is it happening? Cause(s)? |
Why Important? Implications if not dealt with? |
Marketing M1
Market volatility
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By surge in demand of minerals & metals |
Due to everchanging demand |
To balance the demand & supply |
M2
Resource scarcity & quality
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Fewer quality resources are left |
Difficult to access and lack of renewable resources |
To balance the marketing costs of the Company |
M3
Social issues
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The human or society perceptions over the marketing of the mining process
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Due to complex process in mining process of the Company |
Developing of right marketing mining contents |
M4
Market trends
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Everchanging market trends i.e., rates, costs, prices |
Due to dynamic nature of business environment of the Company |
To cope up with the uncertain environment |
M5
Marketing strategy
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Manifested by inappropriate marketing strategy (G’afurovich, Abdurashidovich & Ogli, 2020). |
Due to lack of effective communication system at the workplace |
To become the trust advisor |
Description of Underlying Cause (Common causes for multiple problems) |
Critical Issue(s) Addressed (as identified in Table 3) |
Total Frequency |
Priority and Importance |
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Low |
Med |
High |
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5.
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9.
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10.
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Additional Issues or Insights which are critical to the success of the organization
OR will critically impact on the success of your recommended strategy
Sagamok needed to be addressed their financial issues to improve their viability in mining reserves.
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Implications if not Addressed |
Opportunities if Addressed |
If it would not be addressed, then the Company may face financial problem.
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If it would be address, then the Company may have other opportunities in mining projects like resource development. |
They also needed to address their human resources practices and employee’s safety as well.
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Implications if not Addressed |
Opportunities if Addressed |
If it would not be addressed, then the Company may face the issue of risks in workers’ life and high turnover rate.
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If it would be addressed then, the Company may have the opportunity of hiring talented workforce by resolving conflicts and developing strong communication system |
It is also necessary for an organization to manage their operational activities i.e., mining process, reserves and environmental factors (Baatarzorig, Galindev& Maisonnave, 2018).
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Implications if not Addressed |
Opportunities if Addressed |
If it would not be addresses, then they may face the issue of high costs.
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If it would, then they may reduce their costs |
The Company also needs to address the marketing trends.
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Implications if not Addressed |
Opportunities if Addressed |
If it is not, then they may lose their credibility.
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If it would, then they can have knowledge with the current marketing trends |
Paul Eshkakogan needs to take concerned over the negotiable agreement with mutual understanding
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Implications if not Addressed |
Opportunities if Addressed |
If it would not, they will lose their partners
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If it would, then their profitability will be increase and economic, social and environmental development as well. |
They also need to address the issue over the roles and responsibilities of project manager and resolve the conflicts and community’s capacity
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Implications if not Addressed |
Opportunities if Addressed |
If it is not, then they may face huge losses.
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If it would, then they may have opportunity of increasing community’s capacity and dispute settlement. |
WNTBA Statement #1
Income decline due to conflicts & disputes at the workplace |
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Alternative #1
Implementing clear chain of communication
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Pros
It can be very helpful |
Cons
Lack of HR department support
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Alternative #2
Conflict resolution techniques
(Note: Is there another major alternative?) |
Pros
It can be done my various resolution methods like accommodating, accepting or compromising |
Cons
Lack of leadership in conflict management of the Company.
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Recommendation & Rationale
These alternatives are useful for resolving conflicts and disputes issues.
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WNTBA Statement #2
Processes and clearances in mining (Burger, Ellis & Pelser, 2019).
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Alternative #1
Eliminating non value stages in mining process
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Pros
It removes unnecessary activities and prevent resource wastage |
Cons It can be time consuming to analyze each activity
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Alternative #2
Specifying time limit to each process
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Pros
It saves time |
Cons
It may create chaos and confusion. |
Recommendation & Rationale
These alternatives reduce duplication stages in mining process
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WNTBA Statement #3
Immediate actions on mining leases and negotiation agreement related issues
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Alternative #1
Adopting cluster approach
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Pros
It grants single lease for multiple deposits
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Cons
Uncertain market trends & risks |
Alternative #2
Permit sale license at any stage
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Pros
It ensures effective production |
Cons
It can be risky |
Recommendation & Rationale
These alternatives can be helpful in immediate actions for negotiable agreement
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WNTBA Statement #4 Immediate action should be taken if something goes wrong |
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Alternative #1
This can be done by analyzing the performance of the employees
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Pros
Actual data will get by Sagamok first nation company |
Cons
It is an time consuming process |
Alternative #2 This can also be done by taking feedbacks from the colleagues
(Note: Is there another major alternative?) |
Pros
The colleagues of the employees will get the true feedback (Domingues, Baptista & Diogo, 2017) |
Cons
There can be biasness from the side of the colleagues |
Recommendation & Rationale
Alternative 1 is recommended for the Sagamok first nation mining industry company because it ensures to measure the performance of the employees
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WNTBA Statement #5
Land disputes is major issue that has been going so this can be reduced by planning of the future activities with the consent of all the companies
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Alternative #1
The Sagamok first nation company can take this issue to the court
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Pros
It will help them in getting the solution of a problem |
Cons
It takes more time as normal |
Alternative #2
Land disputes can be solved by applying the performance tool methods on the companies
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Pros
This is not consuming the time of the Sagamok company (Holmberg et al., 2017) |
Cons
This has not been resolving the financial conflicts |
Recommendation & Rationale
Alternative 1 will be recommend to the Sagamok first nation company because the mining industry will get the positive feedback from them
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WNTBA Statement #6 They must take the decisions by involving all the employees of the mining industry
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Alternative #1
The Sagamok first nation company must involve the employees in their decision making process
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Pros
This will give the innovative ideas to the company |
Cons
It is a time consuming process
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Alternative #2
The Sagamok first nation company should give the priority to the employees in their decision making process
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Pros
It will motivate the employees |
Cons
This will require huge cost (Loureiro et al., 2019) |
Recommendation & Rationale
Alternative 1 will be recommend because the employee will motive and highly inspire to give the best to the organization
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Recommendations & ST = 0 to 3 months, MT = 3 to 9 months Supporting Detail LT = 9 to 15 months, Immediate – 0 to 15 days |
Timing |
Priority (See Note to the Marker) |
Rec #1
They should give the trainings to the employees for the effective communication strategy
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2 weeks |
High |
Rec #1 - Critical Success Factors & Risks to be Managed
This can be done by proper listening, verbal communication, and nonverbal communication.
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Rec #2
They should follow the rules and regulations of the government so that the Sagamok first nation company cannot face any issue (Mardonova & Choi, 2018)
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1 week |
High |
Rec #2 - Critical Success Factors & Risks to be Managed
This can be done by proper emotional awareness, written communication, and so on
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Recommendations & ST = 0 to 3 months, MT = 3 to 9 months Supporting Detail LT = 9 to 15 months, Immediate – 0 to 10 days |
Timing |
Priority |
Rec #3
The Sagamok first nation company should provide the positive environment culture
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1 week |
Medium |
Rec #3 - Critical Success Factors & Risks to be Managed
The critical success factors of this recommendation is that they have to give the flexibility in terms of time
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Rec #4
They should give the priority to the employees
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1 week |
High |
Rec #4 - Critical Success Factors & Risks to be Managed
This can be done by involving the employees in the decision making process.
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Recommendations & ST = 0 to 3 months, MT = 3 to 9 months Supporting Detail LT = 9 to 15 months, Immediate – 0 to 10 days |
Timing |
Priority |
Rec #5
They have the cultural issues so the Sagamok company should give the knowledge to the employees related to the cultural background of the customers
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2 weeks |
High |
Rec #5 - Critical Success Factors & Risks to be Managed
This can be done by analyzing the different culture by the trainer.
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Rec #6
The Sagamok first nation company should develop their negotiation skills
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1 week |
Medium |
Rec #6 - Critical Success Factors & Risks to be Managed
This can be done by giving the trainings to the employees.
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Strategy
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Strengths/ Positives
INT
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The Sagamok first nation company has a strong promotional strategy to attract the customers |
Opportunities
EXT
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They have the opportunity to identify the competitor’s strategy for increasing the sales. |
Threats
EXT
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The Sagamok first nation company has a threat of arising the conflicts between the team members |
Problems/ Challenges/ Weaknesses
INT
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The problems that they are facing is related to the planning of the strategies in advance |
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Finance
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Strengths/ Positives
INT
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The strength of the Sagamok first nation is that there are many mining industries like URSA, KGHM international ltd, who are combined together to form a business. It means all the risks are bear by all of the companies |
Opportunities
EXT
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They have the opportunity that they can invest more to increase their sales on a particular area. |
Threats
EXT
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The threat of the financial management is the competitors of the Sagamok first nation who are trying to grab the land of the company. |
Problems/ Challenges/ Weaknesses
INT
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The challenges that has been faced by the Sagamok first capital is the access of capital |
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Human Resources
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Strengths/ Positives
INT
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The Sagamok first nation company has a powerful and skilled workforce employees to deal with the customers |
Opportunities
EXT
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They have the opportunity that the Sagamok first nation company can expand their business by using this workforce to the other countries. |
Threats
EXT
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The threat of the Sagamok first nation company is that the competitors of the company can high their employees by giving them the higher opportunity on the high pay basis |
Problems/ Challenges/ Weaknesses
INT
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The Sagamok first nation company has been facing the challenges of tackling the mental health issues of the employees. |
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Information Technology
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Strengths/ Positives
INT
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The information technology helps the Sagamok first nation company in tracking and maintain the mining performance in the real time |
Opportunities
EXT
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They have the opportunity to expand the business online by the Sagamok first nation company |
Threats
EXT
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The threat of the mining industry related to the Information technology are the hackers that are hacking the password of the company. |
Problems/ Challenges/ Weaknesses
INT
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The weakness of the Sagamok first nation related to the information technology is related to the crime and terrorism (Qi, 2020) |
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Operations
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Strengths/ Positives
INT
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The Sagamok first nation has a strong chain of producing and manufacturing the products. |
Opportunities
EXT
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The opportunity of the mining industry is that they can increase the production process so that they will get the benefits. |
Threats
EXT
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The threat of increasing the production process is that the competitors can copy the same process as of the Sagamok first nation. |
Problems/ Challenges/ Weaknesses
INT
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The problems that has been faced by the Sagamok first nation is that while increasing the production process they has been facing the shortage of skilled labor workforce. |
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Marketing
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Strengths/ Positives
INT
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They have the strong promotional strategy to attract the customers. The Sagamok first nation has an strong power to promote the business |
Opportunities
EXT
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They have the opportunity to access the new market by using their promotion strategy in the mining industry |
Threats
EXT
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The threat for the Sagamok first nation company is that the competitors can copied their strategy in terms of increasing the sales of the company. |
Problems/ Challenges/ Weaknesses
INT
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The problems that the Sagamok first nation company has been facing is the planning of managing the marketing related activities to promote the business. |
References
Conde, M. (2017). Resistance to mining. A review. Ecological Economics, 132, 80-90. Doi: http://dx.doi.org/10.1016/j.ecolecon.2016.08.025
Dam, N. A. K., Le Dinh, T., & Menvielle, W. (2019). Marketing Intelligence from Data Mining Perspective—A. International Journal of Innovation, Management and Technology, 10(5). doi: 10.18178/ijimt.2019.10.5.859
Demir, S., Abou-Jaoude, E., & Kumral, M. (2017). Cognitive work analysis to comprehend operations and organizations in the mining industry. International Journal of Mining Science and Technology, 27(4), 605-609. Doi: https://doi.org/10.1016/j.ijmst.2017.05.008
Domingues, M. S., Baptista, A. L., & Diogo, M. T. (2017). Engineering complex systems applied to risk management in the mining industry. International journal of mining science and technology, 27(4), 611-616. Doi: https://doi.org/10.1016/j.resourpol.2018.09.004
Holmberg, K., Kivikytö-Reponen, P., Härkisaari, P., Valtonen, K., & Erdemir, A. (2017). Global energy consumption due to friction and wear in the mining industry. Tribology International, 115, 116-139. Doi: https://doi.org/10.1016/j.jclepro.2018.02.051
Loureiro, S. M. C., Guerreiro, J., Eloy, S., Langaro, D., & Panchapakesan, P. (2019). Understanding the use of Virtual Reality in Marketing: A text mining-based review. Journal of Business Research, 100, 514-530. Doi: https://dx.doi.org/10.1016/j.jbusres.2018.10.055
Mardonova, M., & Choi, Y. (2018). Review of wearable device technology and its applications to the mining industry. Energies, 11(3), 547. Doi: https://doi.org/10.1007/s12613-019-1937-z
Parker, P., Cotton, R. D., Yates, M. S., Baxter, J., & Arend, S. (2019). Developmental network structure and support: gendered consequences for work–family strain and work–parenting strain in the Australian mining industry. The International Journal of Human Resource Management, 30(10), 1635-1665. Doi: DOI: 10.1080/09585192.2017.1299195
Perevozova, I., Daliak, N., & Babenko, V. (2019). Modeling of Financial Support for the Competitiveness of Employees in the Mining Industry. In CEUR Workshop Proceedings (Vol. 2422, pp. 444-454). Doi: https://doi.org/10.1051/shsconf/20196501001
Qi, C. C. (2020). Big data management in the mining industry. International Journal of Minerals, Metallurgy and Materials, 27(2), 131-139. Doi: https://doi.org/10.1007/s12613-019-1937-z
Fiandrino, S., & Tonelli, A. (2021). A Text-Mining Analysis on the Review of the Non-Financial Reporting Directive. Bringing Value Creation for Stakeholders into Accounting. Sustainability, 13(2), 763.doi: https://doi.org/10.3390/su13020763
Parker, P., Cotton, R. D., Yates, M. S., Baxter, J., & Arend, S. (2019). Developmental network structure and support: gendered consequences for work–family strain and work–parenting strain in the Australian mining industry. The International Journal of Human Resource Management, 30(10), 1635-1665. Doi: https://doi.org/10.1080/09585192.2017.1299195
Jaros?awska-Sobór, S. (2017). HR Excellence in Research as an Attribute of Scientific Institutions? Competitiveness. Marketing of Scientific and Research Organizations, 23(1), 1-20. Doi: 10.14611/minib.23.03.2017.07
Jones, B. (2020). Revenue forecasting in the mining industries: A data-driven approach (No. 2020/22). WIDER Working Paper. Doi: https://doi.org/10.35188/UNU-WIDER/2020/779-8
G’afurovich, K. O., Abdurashidovich, U. A., & Ogli, B. A. O. (2020). Small Torch Progress In Prospects Gold Mining In Improving Countries. The American Journal of Interdisciplinary Innovations and Research, 2(09), 65-72. Doi: https://doi.org/10.37547/tajiir/Volume02Issue09-11
Baatarzorig, T., Galindev, R., & Maisonnave, H. (2018). Effects of ups and downs of the Mongolian mining sector. Environment and Development Economics, 23(5), 527-542. Doi: 10.1017/S1355770X18000153
Burger, F. J., Ellis, S., & Pelser, T. G. (2019). Organisational alignment of South African mining organisations. DOI: https://doi.org/10.4102/sajbm.v50i1.409