Answered step by step
Verified Expert Solution

Q: A public corporation of 980 employees manufactures a popular brand of garments (mostly jeans) that are primarily made and sold in America nation-wide. It has

A public corporation of 980 employees manufactures a popular brand of garments (mostly jeans) that are primarily made and sold in America nation-wide. It has a large contingent of employees in several small rural communities in the Eastern US and is the primary employer in all of those communities. Two of its 5 shops are unionized, but the union and management have a good working relationship. The company has traditionally marketed its clothing line as “Made in the USA” and attracted a bit of a “cult like” following as a result, but an outside consulting firm has suggested that significantly greater profits are possible if a different strategy is employed. The corporation is subsequently considering whether to off-shore its manufacturing facilities to a poor nation to save money on labor. It would also discretely discontinue its “Made in the USA” marketing ads and hopefully ride the wave of its previous marketing campaigns for a while. It is estimated that total cost per unit of production will be decreased by one third which equates to tens of millions of dollars.


Required:

Write a paper in which you respond to the following:

1. Provide a paragraph summarizing the concept of stakeholder management.

2. How do you think the following stakeholder groups in the above scenario will be impacted?

  • Employees/unions
  • Communities
  • Stockholders

3. What would you recommend the employer described above should do?

Step by Step Solution

3.45 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Link Copied!

Step: 1

1 When you have a project underway there are various people or organizations that depend on it and are affected by the end result These people are known as the stakeholders Bryson J M 2004 Stakeholder ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get a step-by-step solution from a verified subject matter expert – not AI-generated answers

Step: 2Unlock detailed examples and clear explanations to master concepts

blur-text-image_2

Step: 3Unlock to practice, ask and learn with real-world examples

blur-text-image_3

Document Format ( 2 attachments)

PDF file Icon

608f246f60be6_20860.pdf

180 KBs PDF File

Word file Icon

608f246f60be6_20860.docx

120 KBs Word File

See step-by-step solutions with expert insights and AI powered tools for academic success

  • tick Icon Access 30 Million+ textbook solutions.
  • tick Icon Ask unlimited questions from AI Tutors.
  • tick Icon 24/7 Expert guidance tailored to your subject.
  • tick Icon Order free textbooks.

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Pricing Strategies A Marketing approach

Authors: Robert M. Schindler

1st edition

1412964741, 978-1412964746

More Books
flashcard-anime

Study Smart with AI Flashcards

Access a vast library of flashcards, create your own, and experience a game-changing transformation in how you learn and retain knowledge

Explore Flashcards

Students Have Also Explored These Related Organizational Behavior Questions!

Q:

How would you approach this unit?

Answered: 3 weeks ago