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Finance Ethics - Essay Example

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A stakeholder is an element that features in production and adds or earns value from a business organization and has to be integrated with other elements of the business organization to be successful (Freeman, 1984). All these elements put together are termed as stakeholders and…
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Finance Ethics
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Download file to see previous pages We shall address their views regarding such decisions and issues.
Ford deals in automobiles that find a market all over the world. The success of the company is dependent on a number of stakeholders as viewed from the perspective of production of the end product. All stages of production call for integration of a couple of elements that move in the same direction (Preston, 1995).
Employees are key stakeholders in this company. They feature in various departments and segments of the organization. Production process would need personnel in the form of engineers and technical experts. There would be a need for administrators, marketers, assistant managers and a whole range of other staff members. The organization would have to steer them towards achieving goals of the organization without ignoring other stakeholders (Preston, 1995).
Financiers of the company are in the form of banks and shareholders. Their role is key in having the entire company on its feet. Hiring of personnel, making purchases from suppliers, marketing, and advertising are all dependent on funds generated and availed by suppliers.
Another key stakeholder of this company is the target customer. The company has a moral duty to have their needs first by providing quality automobile and after sales attention. Their opinion and regards about the item bought is an area of concern for the buyers. Their suggestions define the success of the company (Harrison, 2010).
Suppliers to Ford Motors complete a segment of the success puzzle. They avail resources to the company for the production process. Structural materials in the form of tires, metallic items, and other requirements make production happen.
Ford Motor Company thrives in a community that is on its receiving end of the matters that come with production. The company has to be a good citizen to execute production responsibly. Governmental bodies have a stake ...Download file to see next pagesRead More
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