www.ccsenet.org/ass Asian Social Science Vol. 8‚ No. 10: August 2012 Managing Stakeholders: An Integrative Perspective on the Source of Competitive Advantage Minyu Wu’ ’ School of Business‚ Curtin Universify Sarawak‚ Sarawak‚ Malaysia Correspondence: Minyu Wu‚ School of Business‚ Curtin Universify Sarawak‚ CDT 250‚ 98009 Miri‚ Sarawak‚ Malaysia. Tel: 60-8-544-3844. E-mail: minyu.wu@curtin.edu.my Received: March 19‚ 2012 doi:10.5539/ass.v8nl0pl60 Abstract Despite the enormous amount of academic
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Every business has stakeholders involved. A stakeholder is anyone who has a claim in some way to a company’s products‚ operations‚ markets‚ industry‚ and outcomes (Ferrell‚ Fraedrich‚ Ferrell 31). Some stakeholders are more involved than others. Members that are needed for the company to maintain are referred to as primary stakeholders‚ whereas others are called secondary stakeholders. Primary stakeholders can be identified as employees‚ customers‚ investors‚ and shareholders and can also be governments
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looking for a way to cut costs and increase profits. Many companies that manufacture clothes use sweatshops‚ which allow for cheap labor costs and few rules controlling working conditions and overtime regulations. Many clothing and footwear companies have been linked to these sweatshops‚ where the working conditions are so bad that in some cases the workers will commit suicide at work. Sweatshops will usually exist in countries that have few laws in place that protect the workers or the environment
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Introduction: Sweatshop is mainly a small factory or shop in which workers are poorly paid and work under adverse conditions. This type of sweatshop is mainly common in textile industry in the beginning of twentieth century. Thesis Statement: Sweatshops have major impacts on economy‚ workers‚ and their health. Considering the effect of sweatshops on economy‚ the impact can be explained by getting into two main aspects: Business and sweatshops exploitation. Firstly‚ from the perspective of business
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1 Introduction Sweatshops is a place of work were working conditions are horrible and inhuman. They have been around for a long period of time. They are associated with factories that generally produce apparels. They tend to have low wages‚ excessive long working hours‚ child labour and awful working conditions. In this report the aim is to have an overview of sweatshops and wc. To this end…plan here. and come to a conclusion of if they should be accepted in today’s world. 2 Findings 2.1 Evolution
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Stakeholders A stakeholder is a person‚ group or organization that has interest or concern in an organization. Stakeholders can affect or be affected by the organization’s actions‚ objectives and policies. There is two different types of stake holders‚ these are internal and external. Internal stakeholders are people who are on the inside of the business that already serve the organisation‚ these include staff‚ managers‚ board members etc. external stakeholders are from outside of the company but
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piece that was posted in the Highline: Huffington Post. Hobbes argues that the ethical shopper no longer exists and for reasons he drones on about‚ will never exist again. American brands have been outsourcing their sweatshops for decades‚ which will be discussed in “The Ideal Sweatshop.” However‚ Hobbes brings a new element into the mix‚ because the countries that are being outsourced to have to produce clothing for their own populations as well the problem becomes unsustainable. In the example of
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One quarter of the global economy is controlled by sweatshops (Kristof Wudunn 542). Well‚ that can’t be true! They call it the Sweatshop Belt: China‚ South Korea‚ Malaysia‚ Indonesia and Bangladesh to be more precise. What comes to mind when we say the word "sweatshop"? Sweatshops are known for their inability to provide a safe working environment‚ low pay rate and child labour. Because of all these negative connotations‚ sweatshops are continuously perceived in a negative way worldwide. Nike‚ Gap
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particular is the use of cheap foreign labor‚ forcing people to work in sweatshops to aid in making more money. Sweatshops are defined as a factory or workshop‚ especially in the clothing industry‚ where manual workers are employed at very low wages for long hours and under poor conditions. In 1996‚ after Charles Kernaghan and the National Labor Committee revealed that Kathie Lee Gifford’s
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Nike Sweatshops Nike is the largest seller of athletic footwear and apparel in the world. The company is primarily engaged in the design‚ development‚ and worldwide marketing of footwear‚ apparel‚ equipment and accessories. The company operates in the US‚ Europe‚ Asia Pacific‚ the Middle East and Africa. It is headquartered in Beaverton‚ Oregon. (Datamonitor‚ 2006‚ p 4) By shifting manufacturing to developing countries‚ Nike is able to achieve significant cost savings owing to the lower
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