Wednesday, 30 April 2014

Assignment 2: Ethics and Corporate Responsibility in the Workplace and the World

Assignment 2: Ethics and Corporate Responsibility in the Workplace and the World

Stakeholders in PharmaCARE Scenario

A stakeholder is an organization or group or a person that has a concern or interest in a certain organization or scenario. The stakeholders may affect or be affected by the company’s objectives, policies, and actions. For example, the stakeholders of the company may be directors, creditors, governments, employees, suppliers, and the society from which the organization operates (Halbert, & Ingulli, 2012). The stakeholders of the organization are not always equal. Each of the stakeholders has a different impact on the organization. There are various stakeholders in the PharmaCARE scenario. To start with, the healers in Colberia are stakeholders of the company. They share information about the indigenous cure. They are significant since the form a great contribution to the company’s research and drugs manufacturing. Second, the Coleberians are part of the company’s stakeholders. They provide cheap labor to the company. They harvest plants that are needed as raw materials for the company.

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