apply stakeholder management theory to the following scenario:

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 of 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 2-3 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
  1. What would you recommend the employer described above should do?

Assignment Expectations

Your 2-3 (or more) page paper should be double-spaced and in 12-point type.

Your paper should have a separate cover page and a separate reference page. Make sure you cite your sources.

Use APA style.

Required reading:

Terris, D. (2013). Ethics at work: Creating virtue at an American corporation. Waltham, MA: Brandeis University Press. Retrieved from the Trident Online Library (ProQuest Ebook Central). Read pages 1-48.

Howitt, M., & McManus, J. (2012). Stakeholder management: An instrument for decision making. Management Services, 56(3), 29-34. Retrieved from Trident Online Library (ProQuest).

Harrison, J. S., & Wicks, A. C. (2013). Stakeholder theory, value, and firm performance. Business Ethics Quarterly, 23(1), 97-124. Retrieved from Trident Online Library.

 

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