Key tension: Ethical treatment of suppliers versus the need of business to remain commercial. Wha... more Key tension: Ethical treatment of suppliers versus the need of business to remain commercial. What are the implications of corporations recognising their suppliers as important stakeholders? Discuss the implications with reference to business models that promote a more ethical relationship between corporations and their suppliers. According to freeman (1993) a stakeholder of a corporation is an individual or groupthat is either harmed by or benefits from the corporation or whose right can be violated or benefited by the corporation.hence from the above its clearly evident that the suppliers are important staeholders in the company ,Since they can benefit from the success of the corporation by reciving orders for product or sevices and they can be hamed by losing orders.Therefore there ae certai rights of the suppliers such as to have a fair deal , fair treatment or loyalty that needs to be respected by the corporations.This essay aims to highlight the main implication of recognising the suppliers as important statkeholder The argument is further supported and stressed with the help of business models that have been successful in promotin an ethical supply chains. Def of supply chain from internet
Key tension: Ethical treatment of suppliers versus the need of business to remain commercial. Wha... more Key tension: Ethical treatment of suppliers versus the need of business to remain commercial. What are the implications of corporations recognising their suppliers as important stakeholders? Discuss the implications with reference to business models that promote a more ethical relationship between corporations and their suppliers. According to freeman (1993) a stakeholder of a corporation is an individual or groupthat is either harmed by or benefits from the corporation or whose right can be violated or benefited by the corporation.hence from the above its clearly evident that the suppliers are important staeholders in the company ,Since they can benefit from the success of the corporation by reciving orders for product or sevices and they can be hamed by losing orders.Therefore there ae certai rights of the suppliers such as to have a fair deal , fair treatment or loyalty that needs to be respected by the corporations.This essay aims to highlight the main implication of recognising the suppliers as important statkeholder The argument is further supported and stressed with the help of business models that have been successful in promotin an ethical supply chains. Def of supply chain from internet
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