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Ng?i Tahu Holdings Corporation Limited: Overview

Discuss about the Internal Stakeholder Project Portfolio Management.

One of the numerous multifaceted business organisations functional in South Island, New Zealand, Ng?i Tahu Holdings Corporation Limited, is majorly owned by Ng?i Tahu Charitable Trust. The company is known to have majorly been dealing with the matters that pertain to the industries of tourism, properties, forestry and fisheries (Ngaitahuholdings.co.nz., 2018). The concerned business organisation is known to be one of the most-wealthy iwis that have been existing within the territorial boundaries of New Zealand. Headquartered at the ChristChurch, New Zealand, the concerned business organisation is known to have employed a workforce that consists of almost 21686 members who serve at the various locations of the company like the United States of America, New Zealand, Fiji, China as well as Australia. The concerned business organisation is known to contribute a reasonable amount of almost 200 million dollars towards the economy of the concerned iwi in South Island, New Zealand (Ngaitahu.iwi.nz., 2018). The following report attempts an analysis of the various impacts of the internal environment of the company on the regular functionalities of the company. The report then goes on to analyse the various impacts that the internal as well as the external environments of the company might have on the numerous stakeholders of the company. The report nears the concluding section with the process of the evaluation of the various impacts of the management of the stakeholder relationship on the numerous management practices that are conducted within the concerned business organisation in order to bring about a smooth functioning of the business organisation in discussion, the Ng?i Tahu Holdings Corporation Limited.

    1. Business Systems

The discussed organization, Ng?i Tahu Holdings Corporation Limited, is known to be dealing with the various matters that pertain to the industries of tourism, properties, forestry and fisheries. The business systems that are followed by the organisation deal with the matters that are majorly related to the various members of the workforce of the business organisation in discussion. The clientele of the company comprises a number of sections of the society as well as attempts to meet the demands as raised by the concerned clientele (Andriof et al., 2013). The concerned organisation is known to have been facing no issues that pertain to the various external as well as the internal stakeholders of the company. The products and the services that are extended by the concerned business organisation in discussion, Ng?i Tahu Holdings Corporation Limited, is known to be of a very high quality and satisfy the clientele of the organisation. The area of the major dependence of the company lies in the matters that are related to the collection of the various raw materials that are majorly produced by the Ng?i Tahu Holdings Corporation Limited itself.

  1. Business Structure

Internal and External Environment Impacts

The concerned organization in discussion is known to be aiming at the achievement for the various missions and the visions that have been put forth in the proclamation of the government. The value systems of the organization are observed to have been supporting the organization in the improvement of the organization in terms of the various products and the services that are offered to the various clientele of the concerned organization (Asif et al., 2013). The value systems of the organization also take into account the matters that pertain to the activities of the concerned management of Ng?i Tahu Holdings Corporation Limited.

  • Business Resources

The resources that have been utilized by the Ng?i Tahu Holdings Corporation Limited are known to refer to the various members of the workforce of the concerned multifaceted organisation who have been serving at the various locations wherein the company has been operating. The resources might also refer to the various raw materials that might be required by the concerned organisation in order to provide the concerned clientele of the organisation with the concerned services and products (Glasson & Therivel, 2013). The concerned organisation is also observed to have been following the measures that are related to the sustainable processes of business development in order to implement the measures that are related to the protection of the environment wherein the concerned company has been operating.

The concerned company in discussion, the Ng?i Tahu Holdings Corporation Limited, is headed, at present by Trevor Burt (Ngaitahuholdings.co.nz., 2018). Burt had been appointed to chair the concern in August 2009 and has been known to be serving the concerned post since then. Mike Sang has been appointed as the Chief Executive Officer of the concerned business organisation in the year 2013 and has been serving the post since the year 2013. The Chief Financial Officer of the organisation is Allan Hickford while the office of the Chief Investigating Officer of the organisation is attended by Matt Slater (Ngaitahu.iwi.nz., 2018). The staff members of the concerned company are known to be one of the factors that might majorly affect the various factors that are related to the overall performance of the concerned organisation in discussion, Ng?i Tahu Holdings Corporation Limited.

    1. The understanding of the internal growth of the Ng?i Tahu Holdings Corporation Limited might be measured with the use of the various surveys. The surveys would mainly focus on the local communities wherein the company has been located as well as the employees of the organisation. The survey questionnaire would include a number of close-ended questions that are related to the growth of the organisation on an internal basis.
    2. The survey reports state that the company has been facing a rapid increase in the factors that are related to the amount of liabilities within the company within the fiscal year of 2016-2017. The liabilities of the concern have known to be increased by almost $30000 approximately within one year (Ngaitahu.iwi.nz., 2018).
  • The growth of the liabilities of the concern might pose a serious threat to the well being of the concerned organization.
  1. It might be said that the increase in the liabilities might lead to the serious threat in the matters that pertain overall performance of the company.
  1. The major qualitative analysis tool that was used for the matters that are related to the matters pertaining to the analysis of the internal growth of the company refer to the usage of the interviews within the concerned department of the company. The interview questionnaire should contain the questions that are open-ended in nature thereby helping the concerned candidates to reveal their opinions about the concerned company.
  2. The data might be used to review the various matters that are related to the numerous organizational behaviors within the organization that might need modifications in order to bring about an improvement in the matters that are related to the overall performance of the company.
  • The internal survey results have depicted the fact that the concerned company might face a down fall due to the increase in the expenditure of the concerned company in discussion, Ng?i Tahu Holdings Corporation Limited.
  1. The lack of the proper administration within the concerned company might in the future lead to the conditions wherein the company might face a huge curtailment in the matters that are related to the growth of the organization.
  • Report Title

“The Strategic Plans for The Future of Ng?i Tahu Holdings Corporation Limited”

  • Executive Summary

The following report deals with the various plans that might be implemented by the organization in the future days.

  • Introduction

One of the numerous multifaceted business organisations functional in South Island, New Zealand, Ng?i Tahu Holdings Corporation Limited, is majorly owned by Ng?i Tahu Charitable Trust that is majorly known to have been dealing with the matters that pertain to the industries of tourism, properties, forestry and fisheries (Ngaitahuholdings.co.nz., 2018).

  • Body

Stakeholder Impacts

The concerned company, Ng?i Tahu Holdings Corporation Limited, have been known to be involved in the matters that pertain to the various business involvements that include the various industries like those of tourism, properties, forestry and fisheries. The dynamic orientation of the business organization might help in the maximization of the market capitalization within the concerned areas in a more intense manner. However, the company is known to have been facing issues in the matters that pertain to the increase in the liabilities of the organization and the lack of the understanding the exists within the various employees of the organization.

  • Conclusion

The report might conclude with the fact that the concerned organization has been facing a number of issues due to the increase in the liabilities of the organization. Thus, the company might need a proper planning on behalf of the concerned management of the organization in order to resolve the various existing problems.

The key internal stakeholders of Ng?i Tahu Holdings Corporation Limited might involve the employees of the organization and the board of directors of the organisation who might be related to the various matters that pertain to the smoothness of function within the concerned business organisation of Ng?i Tahu Holdings Corporation Limited. The employees of the concerned organisation might be considered to be the stakeholders of the company since they might help in bringing about an overall improvement in the various financial matters that are relate to the operations within the concerned business organisation (Beringer, Jonas & Kock, 2013). The financial growth of the company might in turn assist the enhancement in the economic conditions within the company. The board of the directors affects the various matters that are related to the overall management of the company in the concerned market wherein the company might be operating (Bourne, 2016).

The main external stakeholders of the Ng?i Tahu Holdings Corporation Limited might relate to the clients as well as the investors of the company. The clientele of the company might be known to be one of the major stakeholders due to the fact that the concerned clientele of the company helps in boosting the overall growth of the company and might affect the economic performance as well as the position that the company might hold in the concerned market (Boehm et al., 2015). The investors of the concerned organisation in discussion, Ng?i Tahu Holdings Corporation Limited might also be known to be one of the major stakeholders of the organisation. This is due to the fact that the concerned investors are related to the various economic aspects of the concerned business organisation.

Stakeholder Management

The processes that are undertaken by the concerned organization in order to take care of the various entities and the persons who might be affected by the decisions that have been undertaken by the concerned organization might be known to be the stakeholder engagement of the concerned organization (De Brucker, Macharis & Verbeke, 2013). The process of the stakeholder management might include the various entities who might be affected by the decisions that are implemented by the concerned organization (Crane, & Matten, 2016). The processes involved in the management of the stakeholders of the organization might be considered to be one of the most important aspects of the corporate social aspects of the concerned organization.

The various engagement methods are generally used by the concerned organization in order to spread the awareness among the members of the workforce of the organization on the matters that pertain to the internal and the external environments of the organization (Epstein, 2018). The numerous ways of implementing the engagement methods are the implementation of the various educative measures like meetings, presentations and other such measures that might help in the matters that are related to the education of the employees of the concerned business organization.

The external stakeholders of the organization, majorly the investors of the organization might be educated about the various effects of the internal as well as the external environments of the organization through the publications like various magazines as well as the annual reports of the concerned business organization (Lozano, 2015). The company might also take help of the various sponsorship brochures in order to deal with the education of the concerned stakeholders in discussion.

The following report attempts a discussion on the reasons that might influence the choice of organizing the various meetings, training schedules and the educative presentations so as to deal with the major internal stakeholders of the organization.

The employees of the concerned organisation might be considered to be the stakeholders of the company since they might help in bringing about an overall improvement in the various financial matters that are relate to the operations within the concerned business organisation. The financial growth of the company might in turn assist the enhancement in the economic conditions within the company.

The training of the staff in the various matters that pertain to the impact of the internal as well as the external environmental factors that might influence the concerned organization. The various training procedures that might be implemented for the training of the employees might relate to the usage of the educative presentations as well as the various meetings that are aimed at the training and the development of the concerned employees.

Engagement Methods

Thus, from the above discussion, it might be inferred that the staff of the concerned business organization might be trained on the various impacts of the internal as well as the external environments of the company through the use of the above-mentioned techniques.

The three key reasons for the management of the stakeholder relationship are discussed below.

  • Building of better relationships

Stakeholders of the organization are known to help the concerned organization to deal with the concepts that are related to the attitudes that are related to the co-operation of the stakeholders, the existence of mutual understanding and the trustworthy relationship that is existent among the concerned business firm and the stakeholders of the same firm (Pinheiro, 2015).

  • The protection of the reputation and the goodwill of the concern

The system of management of the stakeholders of the organization might result in the conditions that are related to the reputation and the goodwill of the concerned organization. The management of the stakeholders of the organization might also be inclusive of the numerous issues that are related to the media coverage within the organization as well as the advocacies of the third parties who are involved with the concerned organization (Kerzner & Kerzner, 2017).

  • Undertaking of the better decisions

Management of the stakeholders of the concerned organization might also help the concerned organization might help the concerned organization to decide on the various issues keeping in mind the sustainability factors that are related to the management of the organizational departments (Knox, Marston & Imort, 2016). This might further help in the matters that are related to the understanding of the position of the concerned company in the given market thus resulting in the enhancement of the strategic planning activities of the concerned activities.

  1. The stakeholder community reviews might help in the matters that are related to the changes within the various activities that are undertaken by the concerned organization (Pfitzer, Bockstette & Stamp, 2013).
  2. The stakeholder attitudes might have an effect on the matters that are related to the activity analysis of the concerned organization.
  3. The stakeholder community review might include the encountering of a certain number of pitfalls inclusive of the non-receipt of the accurate information, non-responses against the invites that are extended to the various stakeholders of the organization (Majava, Harkonen & Haapasalo, 2014).
  4. The stakeholder attitudes are known to be affected by the lack of proper communication channels which in turn might help in the non-conveyance of the information.
  5. The successful stakeholder community review might involve the implementation of the interviews which in turn might help in collecting the information regarding the various issues that are faced by the employees of the organization (Mason & Simmons, 2014).
  6. The stakeholder engagement profile review might include the organization of various surveys that might involve the clientele and the investors of the organization.

Three key steps for the maintenance of the stakeholder relationship management system are as stated below.

  • Identifying the stakeholders

The identification of the stakeholders of the organization might be termed to be one of the most important steps in maintaining a healthy stakeholder relationship.

  • Providing prioritization to the responsiveness to the stakeholders

The prioritization of the stakeholders might help in the segmentation of the various stakeholders on the basis of the importance of the stakeholders for the organization.

  • Satisfying as well as engaging with the stakeholders

The engagement of the stakeholders might be encouraged by the implementation of the proper communication channels which might in turn help the stakeholders to be connected with the concerned organization (Tipa et al., 2017).

The evaluation of the stakeholder relationship management system might be accomplished by implementing the stages that are mentioned below.

  • Collaboration

The collaboration with the various stakeholders might help the concerned organization to achieve better positioning in the concerned market.

  • Innovation

The organizations might be encouraged to implement the various techniques that are needed to communicate with the concerned stakeholders of the organization (Shafer, 2015).

  • Evaluation

The evaluation of the stakeholder performance is required for the concerned organization in order to deal with the various similar situations that might arise within the organization.

  • Negotiation

The concerned management of the organization might be advised to extend the business to the concerned provider who might prove to be the most favorable for the concerned organization (Weiss, 2014).

Conclusion

Thus, from the above discussion it might safely be concluded that the companies might have been maintaining a proper stakeholder relationship management system. The concerned organization is known to have undertaken a great deal of study on the concerned stakeholders in order to deal with the decision of a communication strategy that might be helpful for the concerned business. The various training procedures that might be implemented for the training of the employees might relate to the usage of the educative presentations as well as the various meetings that are aimed at the training and the development of the concerned employees. The processes involved in the management of the stakeholders of the organization might be considered to be one of the most important aspects of the corporate social aspects of the concerned organization. The financial growth of the company might in turn assist the enhancement in the economic conditions within the company.

References

Andriof, J., Waddock, S., Husted, B., & Rahman, S. S. (2017). Unfolding stakeholder engagement. In Unfolding stakeholder thinking (pp. 19-42). Routledge.

Asif, M., Searcy, C., Zutshi, A., & Fisscher, O. A. (2013). An integrated management systems approach to corporate social responsibility. Journal of cleaner production, 56, 7-17.

Beringer, C., Jonas, D., & Kock, A. (2013). Behavior of internal stakeholders in project portfolio management and its impact on success. International Journal of Project Management, 31(6), 830-846.

Boehm, S. A., Dwertmann, D. J., Bruch, H., & Shamir, B. (2015). The missing link? Investigating organizational identity strength and transformational leadership climate as mechanisms that connect CEO charisma with firm performance. The Leadership Quarterly, 26(2), 156-171.

Bourne, L. (2016). Stakeholder relationship management: a maturity model for organisational implementation. Routledge.

Crane, A., & Matten, D. (2016). Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press.

De Brucker, K., Macharis, C., & Verbeke, A. (2013). Multi-criteria analysis and the resolution of sustainable development dilemmas: A stakeholder management approach. European journal of operational research, 224(1), 122-131.

Epstein, M. J. (2018). Making sustainability work: Best practices in managing and measuring corporate social, environmental and economic impacts. Routledge.

Glasson, J., & Therivel, R. (2013). Introduction to environmental impact assessment. Routledge.

Kerzner, H., & Kerzner, H. R. (2017). Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

Knox, P. L., Marston, S. A., & Imort, M. (2016). Human geography: Places and regions in global context. Pearson.

Li, D. Y., & Liu, J. (2014). Dynamic capabilities, environmental dynamism, and competitive advantage: Evidence from China. Journal of Business Research, 67(1), 2793-2799. (Li & Liu, 2014)

Lozano, R. (2015). A holistic perspective on corporate sustainability drivers. Corporate Social Responsibility and Environmental Management, 22(1), 32-44.

Majava, J., Harkonen, J., & Haapasalo, H. (2014). The relations between stakeholders and product development drivers: practitioners’ perspectives. International Journal of Innovation and Learning, 17(1), 59-78.

Mason, C., & Simmons, J. (2014). Embedding corporate social responsibility in corporate governance: A stakeholder systems approach. Journal of Business Ethics, 119(1), 77-86

Ngaitahu.iwi.nz. (2018). Annual Report - Te R?nanga o Ng?i Tahu. Retrieved 15 July 2018 from https://ngaitahu.iwi.nz/investment/ngai-tahu-annual-reports/2017-annual-report/

Ngaitahuholdings.co.nz. (2018). Ng?i Tahu Holdings Limited. Retrieved 15 July 2018 from https://www.ngaitahuholdings.co.nz/

Ngaitahuholdings.co.nz. (2018). Our investments. Retrieved 15 July 2018 from https://www.ngaitahuholdings.co.nz/nga-haumi/

Pfitzer, M., Bockstette, V., & Stamp, M. (2013). Innovating for shared value. Harvard Business Review, 91(9), 100-107.

Pinheiro, R. (2015). The role of internal and external stakeholders. In Higher Education in the BRICS Countries(pp. 43-57). Springer, Dordrecht.

Shafer, W. E. (2015). Ethical climate, social responsibility, and earnings management. Journal of Business Ethics, 126(1), 43-60.

Tipa, G.T., Williams, E.K., Van Schravendijk-Goodman, C., Nelson, K., Dalton, W.R.K., Home, M., Williamson, B. & Quinn, J. (2017). Using environmental report cards to monitor implementation of iwi plans and strategies, including restoration plans. New Zealand Journal of Marine and Freshwater Research, 51(1), pp.21-43.

Verbeke, A., & Tung, V. (2013). The future of stakeholder management theory: A temporal perspective. Journal of Business Ethics, 112(3), 529-543. (Verbeke & Tung, 2013)

Weiss, J. W. (2014). Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.

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My Assignment Help. Ng?i Tahu Holdings Corp. Manages Stakeholders Effectively. Essay: Overview, Stakeholders, And Stakeholder Management. (70 Characters) [Internet]. My Assignment Help. 2019 [cited 22 May 2024]. Available from: https://myassignmenthelp.com/free-samples/internal-stakeholder-project-portfolio-management.

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