Research Proposal on "Business Ethics Mg Rover"
Research Proposal 3 pages (1045 words) Sources: 4
[EXCERPT] . . . .
Business EthicsMG Rover Case Study
The most important stakeholders that were affected by MG Rover's situation are represented by both internal and external parties. The company's internal stakeholders include: employees, senior managers, owners and shareholders. External stakeholders include: the government, customers, the trade union, the local community in case.
The employees are the most affected stakeholder category. They are interested in the rates of pay and in their jobs' security. In return, they contribute as supporters to building a successful company, to maintain the quality standards of the company's products, and to work towards achieving the goals and objectives established by the company's managers and owners.
Senior managers are another internal stakeholder category that is directly and significantly affected by the company's situation. Their main interests refer to reaching performance standards, meeting the financial targets imposed by the company's owners or shareholders, and leading the company on a developing trajectory.
The company's owners and shareholders are the company's stakeholders with the highest financial stake. They can be positively affected when the company is experiencing growth and development times, but they also carry the greatest financial responsibility when the company is suffering financial losses. Their main interest consists in obtaining the highest profit, in increasing the company's performance, and in establishing the direction that must be followed by the company.
The most important external stakeholder in this case is represented by the
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Customers also have important stakes in the well-functioning of a company like MG Rover. They are mostly interested in the quality of the products they purchase, in paying a price as low as possible for that quality, in receiving customer care, and in being treated ethically.
The trade union of the workers at MG Rover is mainly interested in ensuring that workers benefit from proper working conditions, and that the legal dimension of their activity is respected by the company.
The local community has an indirect, but important stake in the activity of MG Rover. Its interests refer to the situation of jobs in the region, to the environmental matters that affect the community, and to the company's involvement in all kinds of actions with social and economic effects.
2. According to Carroll, the basis of the corporate social responsibility pyramid is represented by economic responsibilities (Carroll, 1991). In other words, the main responsibility of the company is to generate and to maximize profit. This situation was portrayed by MG Rover, but in an unsuccessful manner. Such an attitude follows the direction described by the shareholder theory, which states that the main purpose of the organization consists in orienting the company's efforts only towards achieving the highest profit possible (Pichet, 2008). Even so, MG Rover collapsed, all the parties involved not being able to help the company survive.
Given the… READ MORE
Quoted Instructions for "Business Ethics Mg Rover" Assignment:
“You will need to do the following question according to the case that I'll send.
Please make sure to add some information from other sources that you might think will be relevant to your answers.
questions:
1) Set out the main stakeholders in the MG Rover business at the time of its collapse. How would you determine the relative importance of their stake?
2)Think about MG Rover's actions in the case in terms of Caroll's pyramid of CSR-which responsibilities was sit upholding, and how would you say it was ranking them? Do you think this is appropriate or inappropriate in this situation? Could it have done more to treat its employees ethically?
3)Arguments for corporate accountability and citizenship emphasize the declining power of governments and the increasing power of multinationals. How would you asses the relative power of the main actors in the MG Rover case?
4)Who, if anyone, should take responsibility for preserving jobs at Longbridge-the company,its directors, the UK government, SAIC, the workers themselves? Or is unemployment such as this simply a "better pill" that workers have to take in the face of industrial restructuring away from heavy industry in developed economies? *****
How to Reference "Business Ethics Mg Rover" Research Proposal in a Bibliography
“Business Ethics Mg Rover.” A1-TermPaper.com, 2010, https://www.a1-termpaper.com/topics/essay/business-ethics-mg-rover-case/625460. Accessed 6 Jul 2024.
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