,DPR1504 Assignment 1 (COMPLETE ANSWERS) Semester
1 2025 - DUE 28 March 2025; 100% TRUSTED Complete,
trusted solutions and explanations. WE WISH YOU ALL
THE BEST
ALL QUESTIONS ANSWERED
QUESTION 1- Reasons for building relationships with
stakeholders [20]
According to the ‘King Code of Governance’, called King IV,
the principle regarding
stakeholders states the following: “As part of its decision-making
in the best interests of the organisation, the governing body
should ensure that a stakeholder-inclusive approach is adopted”.
1.1 What are the three factors that a company should prioritise to
understand who their stakeholders are, and by having a good
relationship with them? (3)
1.2 . How is the reputation of the Lonmin Platinum Mining
Company, based on the case study?
Motivate your answer. (5)
, 1.3. Select one internal stakeholder group from the Lonmin
Platinum Mining Company case study and analyse the
stakeholder by answering the following questions: (12)
Analysing the nature of the organisation’s relationship with
the stakeholder
• What does the organisation need from the stakeholder?
• What does the stakeholder expect from the organisation?
• Does the stakeholder have impact on how the organisation
operates? How?
• What kind of action by this stakeholder has caused harm on
the reputation of the organisation?
1.1 What are the three factors that a company should prioritise
to understand who their stakeholders are, and by having a good
relationship with them? (3)
To build and maintain effective relationships with stakeholders,
a company should prioritize the following three factors:
1. Identification of Stakeholders: The company must first
identify and understand who its stakeholders are. This
includes both internal stakeholders (employees,
management, shareholders) and external stakeholders
(customers, suppliers, communities, government, etc.).
1 2025 - DUE 28 March 2025; 100% TRUSTED Complete,
trusted solutions and explanations. WE WISH YOU ALL
THE BEST
ALL QUESTIONS ANSWERED
QUESTION 1- Reasons for building relationships with
stakeholders [20]
According to the ‘King Code of Governance’, called King IV,
the principle regarding
stakeholders states the following: “As part of its decision-making
in the best interests of the organisation, the governing body
should ensure that a stakeholder-inclusive approach is adopted”.
1.1 What are the three factors that a company should prioritise to
understand who their stakeholders are, and by having a good
relationship with them? (3)
1.2 . How is the reputation of the Lonmin Platinum Mining
Company, based on the case study?
Motivate your answer. (5)
, 1.3. Select one internal stakeholder group from the Lonmin
Platinum Mining Company case study and analyse the
stakeholder by answering the following questions: (12)
Analysing the nature of the organisation’s relationship with
the stakeholder
• What does the organisation need from the stakeholder?
• What does the stakeholder expect from the organisation?
• Does the stakeholder have impact on how the organisation
operates? How?
• What kind of action by this stakeholder has caused harm on
the reputation of the organisation?
1.1 What are the three factors that a company should prioritise
to understand who their stakeholders are, and by having a good
relationship with them? (3)
To build and maintain effective relationships with stakeholders,
a company should prioritize the following three factors:
1. Identification of Stakeholders: The company must first
identify and understand who its stakeholders are. This
includes both internal stakeholders (employees,
management, shareholders) and external stakeholders
(customers, suppliers, communities, government, etc.).
