But I'm only going to discuss the most important 3: executives, employees, and customers. Firstly, executives are one of the most important stakeholders. They are responsible for a company’s business, thus sometimes they take conscious advantage out of other stakeholders to gain profit for the company. Furthermore, workers are also very important stakeholders consider that they are the ones that work directly on the company’s products. The company’s success depends in large measure on the skill and dedication of its employees. Without the employees performing their roles proficiently, the company will not reach its revenue and potential profit. But in most sweatshops, workers are forced to work over 60 hours a week, punished if they refuse to work overtime, and are abused verbally to physically. Lastly, customers are also important stakeholders as they have a lot of control with their “purchasing power.” They can dictate the values the company represents and how they act by deciding how much money they can make. But in the case of sweatshops, most customers are unaware of the workers working conditions, so they continue to purchase products with cheap prices, and this encourages companies to continue using sweatshops. Thus, customers are as guilty as the executives but at the same time, they are also the most naive stakeholders out of
But I'm only going to discuss the most important 3: executives, employees, and customers. Firstly, executives are one of the most important stakeholders. They are responsible for a company’s business, thus sometimes they take conscious advantage out of other stakeholders to gain profit for the company. Furthermore, workers are also very important stakeholders consider that they are the ones that work directly on the company’s products. The company’s success depends in large measure on the skill and dedication of its employees. Without the employees performing their roles proficiently, the company will not reach its revenue and potential profit. But in most sweatshops, workers are forced to work over 60 hours a week, punished if they refuse to work overtime, and are abused verbally to physically. Lastly, customers are also important stakeholders as they have a lot of control with their “purchasing power.” They can dictate the values the company represents and how they act by deciding how much money they can make. But in the case of sweatshops, most customers are unaware of the workers working conditions, so they continue to purchase products with cheap prices, and this encourages companies to continue using sweatshops. Thus, customers are as guilty as the executives but at the same time, they are also the most naive stakeholders out of