Question Details

Comment On Stakeholders And The Organization
A stakeholder is any individual or group that has one or more stakes in an organization. In other words, a stakeholder is an individual or group that can affect or be affected by business decisions or undertakings." (Trevino & Nelson, 2007) Well it defines the four major stakeholder groups as consumers or customers, employees, shareholders, and community. In my opinion the consumers or customers would be the most important. The reason why is because if there is no consumer or customer that is interested in the product or service then there is no business worth running. The ethical responsibility to the consumer or customer is defined as the due care theory. The due care theory includes design, materials, production, quality control, packaging, labeling, and warnings, and notification (Trevino & Nelson, 2007). It basically says that products and services need to be safe and made with high quality. 
B)
I define stockholders as a person or group that has something in their life that will be effected by an organization. Stock holders fall into two groups  one is the primary stakeholders are customers, employees, shareholders, owners, suppliers, and government. The other is the secondary stakeholders which are the individuals or groups that the company has obligation to but they do not have a formal contract. I think that the interests that are most important are the customers because  without the customer to by your products  you do not have a company. " Although more consumer laws were passed in the first half of this century , consumers had to wait until the early 1960s for any real protectionist legislation that positioned consumers as a major stakeholder group."(pp.17,ch.8)When it comes to the  customers organization have an ethical responsibility to be honest about their product and how it might impact the customer if something is wrong. 
Trevino , Linda and Nelson , Katherine. Ethical Problems of Organization. Managing Business Ethics. Fourth Edition copyright 2007 John Wiley & Sons.
 C)
think that personal morals play a big role in the CEO of a company.  As they grow as a leader, they are showing others that high moral standards are necessary to being a great leader.  As this leader develops the company mission, I think that their morals are tied to the vision of the company.  However sometimes people chose to do the wrong thing.  I think that most of the time this happens when the company is facing challenges and the leader is cutting corners.  "There is an obsession with sort term earning and short term results and our stock markets reflect this obsession" (Trevino, 2007).  I think that there is a lot of pressure put on the CEO to always have a stock that is rising.  Now that they have put stiff penalties on CEO's and other officers, I think that it has probably cut down on the amount of dishonesty by keeping the honest people honest.  I think that the media can have a huge impact on the success if the company was doing something wrong.  Leaking this out to the public could hurt the stock price, which would become detrimental to the business.  I would like to say that a companies reputation does matter to me however, I have not gone out of my way to avoid purchasing something because of bad press. Matt Thompson Trevino, L.K.,& Nelson, K.A (2007). Managing business ethics: Straight talk about how to do it right (4th ed). Hoboken, NJ: John Wiley & Sons  
Comment : Word length is 100 to 150 words each 
\

Business Assignment Help, BusinessHomework help, BusinessStudy Help,Business Course Help