Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd
Upload
18 views

Discussion Assignment #3

Uploaded by

Pushpinder Kaur
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
18 views

Discussion Assignment #3

Uploaded by

Pushpinder Kaur
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

1.

A Company Mandate Document is important to company success in the negotiation of a new


collective agreement. Discuss two key components of the Company Mandate Document and
indicate the reasons that it is critical to include them. (2 Marks)

2. What items should the Wilson Brothers management team ensure that they include in their
Company Mandate Documents? (1 Mark)

3. Provide constructive feedback to at least two other students’ postings. (2 Marks)

A company mandate document is very critical step to ensure successful and fruitful negotiations. The
components of this formal documents are important because they provide a framework for the
negotiations, providing clear directions and ensuring alignment in decision-making. This document
ensures that all the stakeholders have had the opportunity to share their challenges and best practices
to establish a structure for negotiations. In my opinion, the following two key components are
fundamental:

- Non- Negotiables (e.g. core values, polices, legal compliance. Performance/position


expectations, etc.)
When an organization, a department or a branch gets their first agreement, one of the
paramount concerns for the employer revolves around maintaining the company’s core values.
Clearly defining the organizations goals and objectives, values, mission statements, governing
bodies, role expectations ensures that the collective agreement is in alignment with the
organization’s foundational principles. Including legal compliance ensures that the collective
agreement adheres to the applicable laws and regulations.
- Monetary Budget (e.g. Wages, benefits, premium payments etc.)
Clearly describing the financial parameters within which the negotiations must take place. This
ensures that the negotiation party has clear directions on maximum financial commitments the
company can afford. Outlining this information is important to manage expectations and
avoiding impractical situations. In the absence of these parameters, the negotiations may lead to
unrealistic scenarios, posing the risk of financial strain on the organization and operational
challenges.

Wilson Bros. should have a strategic approach to ensures successful negotiations. In their
company mandate document, they should at least clearly define the following:
- Core Values: The brothers have built this company with their hard and the culture of the
company is very important for them. Including the importance of preserving the company’s core
values that have been integral to company’s success should guide in the decision-making
process.
- Economic indicators impacting the business: As the Wilson Bros. mentioned that that demand
has been changing with families switching to more generic brands and shopping at discount
stores, outlining economic conditions impacting the business can ensure that collective
agreement is adaptable to such challenges that may negatively impact the business in the future.
- Financial Budgets: The financial limits for the negotiators to ensure that the monetary proposals
are within the budget constraints.
- Strategic Decision- making process – The Bros. have been so agile in their decision-making
process when launching new products whereas their competitors would take months or years.
Outlining the initiatives at driving the company’s growth, market expansions inside and outside
the country is critical for the operational success of the company.

- Thank you sharing your outlook on the significant of a company mandate document. I
agree with you on the importance ensuring that the values and the mission statement of
the company is explicitly outlined in the document, in addition, I believe that the
challenges and the best practices should also be included in this document to act as
guiding principles for the non-monetary components of the agreement.
- However, I believe that defining the financial parameters for the lead negotiators should
be the one of the two key components to ensure that the negotiators have transparency
around the budget constraints to ensure the company is not at the risk of any financial
strain.
- Thank you, Isha, for sharing your thoughts. My opinion aligns with your
recommendation to the Wilson bro. that they should have strong foundation for their
collective agreements. I echo your opinion regarding the addition of the financial
parameters and organization values in the company mandate document. I believe that the
culture of the company is the paramount concern for most the employers when
negotiating and to make sure all the decision making is in alignment with the company's
values is crucial to maintain the overall morale among the employees.
- Delilah, thank you for your contributions to the discussion. I completely agree with your
opinion here. This is exactly what I would do if I ever had to put a company mandate
document- monetary & non-monetary sections and include everything that has been a
challenge for the company in the past and what worked best in company’s interest. The
way you have kept it so simple and generic makes perfect sense.
- Your recommendations for the Wilson brother to have the macro-economic issues is vital
for the company's success. Being in food industry, there are numerous economic
conditions affecting the company's success. Including such factors in the company
mandate would help the negotiators and align their decision- making with consideration
of all these factors.

You might also like