Case Study Stakeholder Identification and Prioritization

Question: What are the ways for identifying and prioritizing stakeholders? Answer: Introduction: This particular study has provided an in-depth understanding of the importance of business ethics inside the organization. Business ethics is one of the most authentic applied form of maintaining moral values and principles at the business process based on which the organizations like to precede their business. In this assignment, the study has focused to emphasize on the case study based on which the answer of three questions have been provided. This particular study highlights how the managers apply their methods in order to identify the stakeholder of their organization. The business framework of Mitchell et al. (1997) in the article A Case study of Stakeholder Identification and Prioritization by Managers has also given emphasis. What are the ways for identifying and prioritizing stakeholders? In order to identify the stakeholders, managers should first understand who the stakeholder is.Stakeholders may be an individual or a group, inside or the outside of an organization. Employees can be one of the major important stakeholders who are intimately associated with the management project of the organization. On the other hand, it can be the external customers, suppliers with the presence of whom the organization can never be run successfully(FishbeinAjzen, 2015). Therefore, while identifying the stakeholder, the managers have to follow different steps so that they can choose the right person for their company whether they are customer or the employee. Managers have to go through the methodological process based on which they can understand the current stakeholder for their project. Manager should identify those persons who have a greater impact on that particular field. On the other hand, if the managers decide to launch a new product in the market, they should identify those types of customers who would be able to purchase the product. Otherwise, this product would never be able to create a demand in the market. Therefore, identifying a proper stakeholder in the business goal is very much important for running the entire process of business systematically. Conclusion: The entire study deals with different methods of identifying the stakeholders maintaining the business values and ethics inside the organization. Several ways of identifying appropriate stakeholders inside the organization by the managers have been discussed in detail in this particular assignment. Apart from that, the study has also focused to explain the different components of managerial practices mentioned by Mitchell et al. (1997). In addition, my own point of view has also been mentioned in this particular study about the methods of identifying appropriate stakeholder in the business process. Physician Aid In Dying: The term Physician-Aid-in-Dying refers to a tradition in which a physician provides a capable, permanently ill patient with a medicine for a lethal dose of medication, only on the request of the patient when the patient has no desire to live and wishes to end his or her own life. The practice highlights the requirement that a patient must be able to take such decision only when they have limited life anticipation which is only limited to six months described under the authorisation of Washington. The term highlights that the physician provide such assistance to those patients only who are about to die and seek the help to control the time and circumstances of death as they suffering seems to be intolerable. In the above stated case both the divorced fifty-five year old man who is suffering from arthritis pain along with insomnia and the middle aged women suffering from leukaemia refused to undergo chemotherapy as because both the patients does not have the desire to live since their suffering has taken a huge toll on their life and their mental conditions does not support their life supporting system. Recent study has shown that both the physician and the patient undergoes prolonged and detailed discussion on ending the life support. When a patient makes an informed decision to refuse to take the life supporting health treatment their wishes are often respected given the amount of sufferings they undertake. Hence the right of a competent patient refusal to accept those sustaining treatment is legally supported by law. However a critically ill patients who only has limited number of days left of his life may ask for a dosage of pain relief medicine which generally has side effects which may make haste death for example impairing respiratory system. Since the primary objective is to relieve the suffering of patients where as the secondary motive is to hastening death which is recognised as an anticipated and often accepted side-effect in critically ill patient. A look at Ethics in the Global Market Place The term ethical issue or situation relates to a person or an organistion which authorises them to make a choice between the available alternatives which should be evaluated whether it is ethical or unethical. The above case study is of Foxconn which is a Taiwanese firm having its operations in china dealing in electronics. There are two kinds of Globalisation, one involves marketing and the other involves production. Hence at present the study shows that globalisation has positive impact in sourcing the goods and service all around the globe. Therefore Foxconn which is a globalised company produces and assembles customer oriented electronics products at a lightning fast speed. However the company has a prolonged history of unethical practice. Majority of employees have complained about the long working hour and the overtime they work in the factory for which they are not even paid rightly so. Of late it has been learnt that foxconn emphasises school students for internships as they can avoid the signing contract than those normal workers, which ultimately deprives the young workers from trade union as students are not employees of the company and hence they are not under any regulations to be protected by the labour laws. Foxconn treats its workers in an in human manner which often leads to employees of the company to question them about the ethical working of the company. Workers in Foxconn are subjected to long working hours with no outside connecting link and they often dont have the permission to talk to each other as life inside the factory is difficult. Workers often complain that they dont have the facility to meet or talk to their family and sleep in small room with strangers for which they have to pay. The human resource management of the company is responsible for maintining the working the working hour of the employees at factory along with the working conditions. It is the duty if the factory supervisor to maintain the time record of employees and reporting the same to the departmental managers. The time record must record the total number of hours worked by each employees in the factory. On the other hand if a global companies like apple who wishes to outsource work with the third party generally looks for ethical model of a company with its working environment. If a company has maintains proper working environment and meeting the regular norms of labour laws then it may attract foreign company for outsourcing its work at cheaper cost. Reference List: Fishbein, M., Ajzen, I. (2015).Belief, attitude, intention, and behavior: An introduction to theory and research. Hoffman, W. M., Frederick, R. E., Schwartz, M. S. (Eds.). (2014). Business ethics: Readings and cases in corporate morality.John Wiley Sons. Jennings, M. (2014).Business ethics: Case studies and selected readings. Cengage Learning. Weiss, J. W. (2014). Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.