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THE HISTORY OF BUSINESS ETHICS AND STAKEHOLDER THEORY IN AMERICA
Business Ethics and Stakeholder Management
For your SLP this session you will be asked to review four articles
on business ethics from our TLC Library. You will review one paper each
in Modules 1 through 4. In the final module you will also be asked to
integrate some of your thoughts from your paper reviews.
In this SLP we will be reviewing an article that covers 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 1). Summarize key points
from your reading, and 2). Include a brief stakeholder analysis
narrative of the scenario described above considering different
stakeholder groups that may benefit or be negatively impacted in this
scenario. Make sure you demonstrate your understanding of the
stakeholder management concepts presented in the reading. For instance,
who might be considered to be the primary stakeholders? Are there any
secondary stakeholders? How powerful are the respective stakeholder
groups? Finally, make a recommendation regarding the scenario based on
your analysis.
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.
Use APA style, and proofread your paper.
Upload your paper by the end of the module.