Solved by a verified expert :For your SLP this session you will be asked to review
articles on business ethics from the Trident Online Library. You will review
one or more articles each in Modules 1 through 4 dealing with different ethical
concepts.
In this SLP we will be reviewing articles that cover the
concept of stakeholder management. Stakeholders are important to consider in
significant business related decisions. This is because organizational
decisions – especially substantial decisions involving significant resource
allocations/re-allocations – tend to impact various stakeholder groups as you
will be reminded in your reading. These stakeholders may have the power to
impact the organization’s success.
Assignment Instructions:
In this assignment you will be asked to apply stakeholder
management theory to the following scenario:
A public corporation of 980 employees manufactures a popular
brand of garments (mostly jeans) that are primarily made and sold in America
nation-wide. It has a large contingent of employees in several small rural
communities in the Eastern US and is the primary employer in all of those
communities. Two if its 5 shops are unionized but the union and management have
a good working relationship. The company has traditionally marketed its
clothing line as “Made in the USA” and attracted a bit of a “cult like”
following as a result, but an outside consulting firm has suggested that
significantly greater profits are possible if a different strategy is employed.
The corporation is subsequently considering whether to off-shore its
manufacturing facilities to a poor nation to save money on labor. It would also
discretely discontinue its “Made in the USA” marketing ads and hopefully ride
the wave of its previous marketing campaigns for a while. It is estimated that
total cost per unit of production will be decreased by one third which equates
to tens of millions of dollars.
Please write a 3-page paper in which you respond to the
following:
1. Provide a paragraph summarizing the concept of
stakeholder management based on your readings.
2. How do you think the following stakeholder groups in the
above scenario will be impacted?
Employees/unions
Communities
Stockholders
3. What would you recommend the employer described above
should do?
SLP Assignment Expectations
Your 3 (or more) page paper should be double-spaced and in
12-point type.
Your paper should have a separate cover page and if you are
using any in-text citations then a separate reference page.
