Question:
Potential Conflicts between stakeholders
Author: Aanya AgrawalAnswer:
- Employees and Owners (desire for fair wages and profit will clash, desire for safe working conditions will also create expenses for the business) - Management and Customers ( in order to satisfy shareholders, prices may increase which will conflict with desire for reasonable prices) - Management and general community (GC's desire to be environmentally and socially aware will conflict with manager satisfying shareholder expectations of less expenses.) - Suppliers and GC ( suppliers may reduce costs by using unethical or socially irresponsible practices which can upset GC) - Management and Suppliers - ( Managers may want to reduce supplier costs however suppliers need higher prices to cover costs of ethical materials)
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