【正文】 B. Identify how to monitor the use of capital Development department Operation department 4/124/12 7 A. Collect the report form each department Development department Operation department 19/1219/12 中國最大管理資源中心 K、 Issues relating to the aspects of monitoring, controlling and evaluating the implementation of the strategies and action plan. There many issues which can affect the controlling and evaluating the implementation of the strategy. The financial strategy is to get financial resource to support the pany?s further development. Once the pany get its finance, how to use it reasonably and better use it, which will be a big issue. The development of a pany is wide, which needs a strong financial support. It is difficult to get the full financial support. Meanwhile, it is necessary to decide which part of the development plan shuold prior to get finance. It is a challenge for the firms. The solution can be different for different panies. For example, BCL may focus on technology and market development. Hence, it can firstly distribute capital to the two parts. When BCL gets high market share and retained earning, it can reinvest the retained earning to develop other plans. Moreover, when the pany has used the finance, monitoring and evaluating the implementation get its attention. For instance, the strategy is to provide the finance for BCL to open its rural market. Perhaps, BCL can ignore monitoring, and merely focus on evaluation. The method maybe evaluates the revenue from rural market, which can be the simple method to evaluate the implementation. L、 The ethical issues related to the implementation Ethical issues do exist everywhere. As the implementation of the financial strategy, the main issue is the conflict of interest between shareholders and the development of BCL, and between demonstrative staff and the development of BCL. It is known that the investor prefer to develop the business. However, the shareholder may not be happy with that, because they would like to obtain the dividends from the pany. They do not want their annual dividends decreased due to high repayment of interest for the debt. Moreover, they do not want to bear the risk of bankruptcy if the pany cannot perform the strategy successfully. In addition, the demonstrative staff may not prefer to bear the risk of bankruptcy as well. A steady pany is better for them to get fairish salaries. Once the pany adopt debt to support its development, it is certain for it to bear risk. Perhaps risk free is the best choice for a huge number of employees. 中國最大管理資源中心 Therefore, it is also a big challenge for BCL to overe and resolve the conflict. Conciliation M、 The associated Functional Strategies, Policies and BusinessLevel Strategy intend to resolve the financial Strategic Issue There are five strategic issues for BCL. However, financial issue is a mon barrier for the development of panies. There are many ways such as bank loan and issuing shard to solve it. The two ways supported by economic policy are most popular for the panies. BCL is not a listed pany。 also it seems that it is not interested in being listed in the NZ stock market. Therefore, the best way for BCL to solve its financial issue is to make bank loan. Only when BCL solve the financial issue, its other strategies can get financial support to be implemented. N、 The major change management issues related to the implementation of the financial strategies and policies Financial risk management is the major change management issue for BCL. Due to bank loan, BCL obviously suffer the risk of performance. If BCL cannot operate its business well, it can lose the ability to repay the loan and interest. It will be a disaster for BCL. O、 The key requirements in terms of anisational ponents in relation to addressing the change management issues identified in financial strategies. The key requirements include leadership, anizational structure and pany culture. It is necessary for BCL to update or change the three ponents, which will direct BCL to better implement financial strategy. Hence, BCL can finally achieve its target. P、 The nature of the changes required by the anization in order to implement the strategies. In order to implement the strategies well, BCL has to make changes in some particular parts such as leadership and anizational structure. Actually, the changes are not only to support the implementation of the strategies but also to the increase petitive power. Therefore, in the future, BCL will have the strong petitive power to pete with other panies. 中國最大管理資源中心 Q、 Developing a plan of action for the strategy. The plan elaborates on the business activities to process the strategy. Particularly, it mentions the responsibility and date. That can help BCL to evaluate the task from the exact department. R、 Issues relating to the aspects of monitoring, controlling and evaluating the implementation of the strategies and action plan. As the implementation of the strategy, it is difficult for BCL to monitor and evaluate it. Different panies may have different methods to do that. In the finding, some methods may help BCL to increase its capacity to plete these functions. S、 The ethical issues related to the implementation Ethical issues are the most popular topic in all industries. It is allowed that ethical issues existing in BCL. Let the investors of BCL put their feet into the shareholder and employee?s shoes, they may notice the importance for BCL to implement the strategy successfully. Therefore, BCL will be in high development period, which can bring benefits for the shareholders and employees. Remendations There are remendations for BCL as following: ? Decreasing its credit risk ? Completing its management