Monday, August 26, 2019

Stakeholders Assignment Example | Topics and Well Written Essays - 500 words

Stakeholders - Assignment Example ent (which until his demise was being held by its founder Steve Jobs) has to run the company meticulously in order to maintain such profits and satisfy their stakeholders. Recently however, the company has been having ethical issues with their clients, the latest being that their iPhones’ iOS is pulling out addresses from the owner’s address book without their permission. This is a breach of privacy and security that are supposed to be enjoyed by the owner of the iPhone. A breach of privacy is one of the worse ethical codes to happen. The company has also been receiving criticisms due to their labor contracts where they even have child labor in their numerous company factories. It also has environmental malpractices as well as business ones. These are not only ethical but also legal issues that can bring the company down if nothing is done to combat them. The different stakeholders in the company will be affected differently by all these legal and ethical misconducts of the organization. The shareholders of the company will lose money once the company starts dropping in market share. Some will even sell their shares and this will start sinking the company. Apple has over 70% of its shares being held by institution and mutual fund owners (Gustin 2012), hence when they decide to sell their shares, the company will go under. Once the company starts losing its revenue and profits, the other stakeholders to be affected are the employees in the company including even the company workers. There will be massive layoffs in a bid to avoid incurring more loses and try to save a little to help the company recover to its glorious position. The company’s investors who are also among the stakeholders will also start pulling out to go invest in another company that is not marred by ethical and legal misconduct and may soon start paying damages in court when lawsuits start being filed as a result of the misconduct. Once the investors pull out, that is the beginning of

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