Ethics and Corporate Responsibility in the Workplace

Ethics and Corporate Responsibility in the Workplace

Leg 500

Strayer University

February 21, 2015

In the Stakeholders environment the working group should define the exact stakeholder information or characteristics to be considered. The following key characteristics are usually included for each stakeholder: name, position and organization, internal/external to the organization promoting the policy, knowledge of the policy, position on the policy, interest, alliances, resources, power, and leadership, the stakeholder’s position on the policy is key to establishing whether or not he or she will block the policy implementation (Rabinowitz, 2013).

Stakeholder knowledge level is important in identifying stakeholders who oppose the policy due to misunderstandings or lack of communication, determining the stakeholder’s vested interests in the policy will help policy makers and managers better understand the stakeholder’s position and possible ways to address his or her concerns, identifying possible stakeholder alliances is important because alliances can make a weak stakeholder stronger, or provide a way to influence several stakeholders by dealing with one key stakeholder , another key is the amount of and ability to mobilize resources tis an important key characteristic that is summarized by a power index, and Finally, establishing whether or not the

Stakeholder has leadership will help policy makers and managers target those stakeholders who will be more likely to actually demonstrate their position for or against the policy and convince others to do so (Rabinowitz, 2013).

PharmaCARE’s stakeholders are individuals and businesses that have an interest in the company’s day to day operations. The stakeholders in this scenario include PharmaCARE, a successful pharmaceutical company, CompCARE, a subsidiary of PharmaCARE, Wellco, a large drugstore chain, the employees of the various companies, the African nation of Colberia and the Colberians. All of these...