Pros And Cons Of Stakeholder Theory

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The concept of the stakeholder theory is very intriguing. Stakeholder Theory is the theory of organizational management and business ethics that addresses morals and values in managing an organization (Corporateethics, 2009). From the research done stakeholders are those who create value for a company. These are people who assist in keeping company projects aligned. Not only do they work to improve the status of the company but how the company impacts the community or economic make-up of the county. They strive to have some purpose that also draws profit for the company and work to keep the company’s practices ethical. They take a look at the company’s practices and its effects on the employees, the community and the customers and make …show more content…
We would have to look at the true motives for making this move to not only close down the manufacturing facilities but to do this solely on the idea of saving money. I would question the motives of the stakeholders and look into what benefits they would receive if any from such a mover. While the costs of competing with other companies who do import their products from overseas and turns a large profit from the benefits of outsourcing; the question still stand on is this what “our” company is about? Is this the image that wants to be shown, customers are expected to show loyalty as well as the employees but the company fails to show loyalty towards …show more content…
This company is doing so well; why not look into Globalizing instead of shutting down. This would be a great opportunity to broaden the horizons of the hundreds of loyal employees who have worked for this company for years. Opportunities could be given to management to move overseas and work at the new plants, by management form the United States moving overseas to work, employees here would be able to move up in position. The company can also help stabilize communities overseas by employing people at a fair and sustainable wage. Thus impacting the grown, health and welfare and economical state, the products can also be sold overseas instead of just in the United States. This expansion will build the company even more, give more opportunities for more companies and not risk losing any customers, only making new

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