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.
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?
3. What would you recommend the employer described above should do?
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