除此之外，管理者应该知道应该模仿什么。同时，管理者需要确保他们所规划的战略资产是否可以被替代。经理人还可以分散股东的风险，因为他们将更加关注沃达丰公司在德国等新市场的成功。股东成为风险的重要组成部分并不容易(Barberi et al .， 2016)。他们寻找那些安定、稳定、完全没有风险的公司。此外，管理者可以以更好的方式做出战略决策，即使是以牺牲公司的短期盈利为代价。此外，当风险消除后，沃达丰将奖励这些经理。中层管理人员也将得到奖励。在同样的帮助下，沃达丰在德国的管理人员也将能够使高管受益，持有不同种类的股权，并将有助于限制公司的流动性和多元化。
Vodafone managers need to diversify the shareholders risk in the present times. This is because it is important for the managers to diversify the risk of the share holders without damaging the same. Managers are the people who can think about the company in a better manner. While diversifying the risk of the shareholders, the managers need to think how Vodafone can do better than their competitors. Managers can diversify the shareholders if they find that it is easier for them to do the transportation of the strategic assets to their target industry. Thus, Managers can easily diversify the stakeholders risk and help them to minimize the risk associated with the shareholders. It can be assumed that the managers have a much better place for the understanding related to the reduction of the shareholders risk. This is because they have a broader idea related to the company, its business and its future strategies. The managers can easily ask about the new strategic assets which are required to be introduced in the share market.
In addition to this, the managers should know what is to be imitated. Also, the managers need to ensure if the strategic asset planned by them can be substituted. The managers can also diversify the shareholders risk as they will be much more concerned about the success of the Vodafone Company in new markets such as Germany. It is not easily for the share holders to be the part and parcel of the risk (Barberi et al, 2016). They look for the companies which are settled, stabilized and are completely free from risk. Also the managers can take strategic decisions in a better manner even at their expense of near-term earning of the company. Also, the managers will be rewarded by Vodafone when the risks will be eliminated. The middle managers will also be rewarded. With the help of the same, the Vodafone managers in Germany will also be able to benefit the senior executives to hold the different kinds of ownership based stakes and will help to restrict the liquidity and diversification of the company.