Tuesday, July 23, 2019
Read the Inland Bank AND the Cisco cases and identify the Essay
Read the Inland Bank AND the Cisco cases and identify the stakeholders. Analyze each case separately (write 2 separate one page) - Essay Example erest is being entrusted with a regular paycheck as a reward for her efforts and without ongoing efficiency and profitability at the bank, Amy would not be able to sustain a quality lifestyle. Regular, low-level employees of the bank are also stakeholders of the firm. With closures, they are out of jobs. This impacts lifestyle and the local economy (to a moderate degree). Neighborhood citizens additionally, are stakeholders for Inland National. With positive business operations in the community, it promotes taxation and resource allocation benefits to the city government that can be used for urban development projects. If the bank in the region is to be closed, it can cut off these revenues and cause even further collapse of the neighborhood infrastructure. The case is about the long-term impact of business decision-making on internal and external stakeholders. As the business attempts to secure its own interests, it has a trickle down affect on the neighborhood and employees, thus anyone who conducts business with the bank, works at the bank or relies on economic benefits of bank operations have real concerns. The 20,000 employees that would be working at the huge industrial complex owned by Cisco are primary stakeholders. Ciscoââ¬â¢s successes and ability to create local business environments would be advantageous for locally-recruited employees and ensure they have a quality lifestyle provided by continued company profitability and competitive advantages. As primary stakeholders, it would be highly beneficial for the company to stay financially lucrative to avoid being outperformed by rival companies. Local citizens in the region are also stakeholders. They were concerned that this new development, without provision for employee housing, would drive up costs of accommodations in the city and cause problems with roadway congestion by dramatically increasing the local population with recruited employee populations. Their main interest was ensuring that local
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