Stakeholder Conflict of Interest
Perspective is everything in the business world. In any single business transactions there are many different stakeholders that contribute to the overall process of the interaction. The purpose of this essay is to examine two separate business processes where the interests of two or more stakeholders are in opposition.
According to the World Bank "a stakeholder is any entity with a declared or conceivable interest or stake in a policy concern." Stakeholders are interested parties that perceive a significant impact once a business process is begun, in process or completed. A simple example of conflicting interests among stakeholders deals with public companies and their stockholders. Stockholders provide companies with capitol to invest in order to make their company more profitable. In many instances however, leadership in these types of organizations sets the policies and regulations for how the company operates. Stockholders are usually individuals who are trying to take advantage of a company's business operations as they relate to profit.
If a stockholder, a key stakeholder in a business process, has a personal or political opposition to a company's operations, a conflict of interest may ensue. For example, if a business declares it needs to eliminate many jobs in order to remain profitable, and one of the jobs slated for elimination belongs to a friend or family member, the stockholder may be torn between the emotional price of loss with the material gain of profitability.
Example 2
Sometimes business process conflicts of interests are internal problems within a specific company. If a company decides to eliminate a division or sector of its business to help remain profitable, this downsizing may affect the employees of the company. While the employees who are to remain after the downsizing are left with their jobs and benefits, they are often required to do more work for less money. This may leave the employee stuck between a rock and a hard place simply putting them in the middle of their conflicting interests of staying employed but at a cost of free time and loss of money.
Works Cited
Farren, C. (2013). The Downside of Downsizing. Mastery Works, 2013. Retrieved from http://www.masteryworks.com/newsite/clientimpact/impact_archives_dec08-jan09.html
The World Bank Group. Stakeholder Analysis. Viewed on 11 Feb, 2013. Retrieved from http://www1.worldbank.org/publicsector/anticorrupt/PoliticalEconomy/stakeholderanalys is.htm
It is not that managers do not see the benefit in conflict that they eschew it; it is that conflict is high-risk and can have significant negative externalities, some of which linger with the organization for a long time. Managers are less enthusiastic about conflict because they are taking into account a longer time frame and the totality of externalities, which makes their views a reflection of better information
The correlation between cooperative initiation and receptive tendencies, however, is much weaker" (p. 32). The overriding theme that emerges from all of the foregoing analytical models is the fact that although international conflicts and be effectively modeled and deconstructed in order to gain a better understanding of the precipitating factors and how they play out in real-world settings, they do not necessarily provide the insights needed to develop resolutions to
Dissertation ManuscriptBySedric K. MorganGeopolitical Awareness and Understanding of the Current Monetary Policies: A Quantitative Study� Northcentral University, 2019 Comment by Author: Sedric � NOTE: take a look at the Turnitin Analysis report. Consider the areas that are closely related to student paper(s) from University of Maryland. I highly suspect this is a matter of improper paraphrasing (by you as well as these other student(s)). The areas are sourced and the
76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The
These claims are virtually all based on the concept that corporations - particularly multinationals -- should be held accountable for their actions within their sphere of operations. "Corporations, for their part, have responded in numerous ways, from denying any duties in the area of human rights to accepting voluntary codes that could constrain their behavior" (Ratner, 2001, p. 436). In fact, this very point is echoed throughout the literature; for
While Cadbury was initially vulnerable resulting in this take over, Kraft had to borrow heavily to afford the final price of 850p per share. In the coming months and years, Kraft will have to balance against recovering the money put into this acquisition (Wiggins, 2010). A risk, many British politicians and citizens alike fear will mean the end of their signature chocolate in an effort by Kraft to increase
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now