Stakeholder

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Stakeholder

Introduction

In a business or a company, there are certain issues that may arise leading to chaos if they are not adequately dealt with. For instance, when it comes to decisions making between the owners, one party might feel aggrieved and that his or her money is not utilized properly. On the other hand, one party might feel that his or her decisions are been taken lightly by the other co-owners of the business or the company. A good scenario is the case of Nimble Media Corporation. In this case, if the company stakeholders do not come into an agreement they might lead the company into bankruptcy.

Discussion

Nimble Media Corporation is facing a serious dilemma and if it is not amicably solved the company will be bankrupt. The company was founded by Marvin Bush who currently owns more than Fifty-one percent of the shares. He is the president and the chief executive officer of the company. Ms Vogel is a wealthy businessperson who owns approximately forty percent of Nimble Media Corporation shares. Other people own shares in the company but these two are the main ones. In this case, they have been having issues about different strategies to employ for the purposes of creating profits. If this continues, they might end up bankrupting the company.

In this case, it is good to learn who the stakeholders of Nimble Media Corporation are. A stakeholder can be described as a person or a corporation who can directly or indirectly affect the business. Moreover, a stakeholder can be affected by the business depending on the different policies or actions taken by the business. In the case, of Nimble Media Corporation, the stakeholders are first the customers of the business. This is because they are affected by the business and they affect the business. The other stakeholders to the business are the employees or the staff members of the company. If the employees decide to work hard, they are affecting the company making it successful. If the company falls down, the employees will be fired thus being affected by the business. Therefore, the employees are stakeholders of the company.

The other people who are stakeholders in Nimble Media Corporations are the suppliers of the company. This is because they depend on contracts from the company. On the other hand, if they do not make their deliveries in time they affect the company. Creditors and debtors are also stakeholders to the company. This is because they affect daily operations of Nimble Media Corporation. On the other hand, they are affected by operations of Nimble Media Corporation. Finally, the shareholders or the owners of the business are also stakeholders of the business. In this case, Marvin Bush, Ms. Vogel and the other minority shareholders are stakeholders. This is because they are affected by the actions taken by the company and their actions affect the company.

In Nimble Media Corporation, several ethical implications might lead the company to bankruptcy or worse. One of the ethical implications is greed for power. Mr. Bush’s greed for power is causing the company to stagnate. This is because he does not want to offer more shares because he does not have money to maintain his fifty-one percent share increase. On the other hand, Ms. Vogel has greed for power. This is because she wants to drive her own policies. Therefore, she is trying as much as possible to overthrow Mr. Bush.

The fight between the two stakeholders might lead the whole company down yet they could agree on the future of the company. This shows that the two stakeholders do not consider the well-being of the other stakeholders who are party to the company. This greed for power means that there are ethical implications that might affect the company’s activities. However, this ethical issue could simply be solved if Mr. Bush and Ms. Vogel decided to sit together for the better future of the company. In this situation, it would show that the company is extremely ethical.

The other ethical issue being exhibited in the case of Nimble Media Corporation is when Mr. Bush waits to evaluate all the options before making the final decisions. Despite the greed for power, Mr. Bush has the best interests for the company. This is because he is critically evaluating the best option that will not hurt the company but will increase revenues leading to the improvement of the company profitability levels. This selfless act shows that Mr. Bush is behaving ethically for the best interest of the other stakeholders despite having the greed for power.

However, if I was Mr. Bush, there are certain policies that I would do differently. Despite Mr. Bush being the founder of the company, it does not mean that he knows everything. This means that some of his strategies might be applicable to the case resulting to failure of the company. On the other hand, I do not believe that Mr. Bush is ready to bring down the company that he worked hard for to be where it is today. This means that he wants the best for the company.

The first thing to do is to have a meeting with the owners of the company, for the purposes of informing them the situation at the company. This means that I would have an analysis of the different options laid down by the different people. In this case, I would ask for their opinion for the purposes of future success in the company. For instance, Ms. Vogel would come up with her strategy. After receiving all the strategies from the owners, I would invite consultants and other business analysts in the company to evaluate and analyze the results. In this situation, everybody will be satisfied and the company will have a bright future.

Secondly, in the situation of Ms. Vogel, I would incorporate her idea into the strategies because it might the company into success. However, I will have qualified analysts or consultants have a look at the options to evaluate which is most viable strategy. In this case, it will reduce the ethical dilemma of being greed and selfish. Additionally, it shows that we are considerate of the other stakeholders of the company not only our own interests.

On the other hand, if I was Ms. Vogel, I might do some of the things differently. For instance, I would respect Mr. Bush because of creating the company because without him there will be no shares for me. Secondly, I will take his decisions lightly. This is because he has immense experience in the field and he might have seen some of the things that I might be seeing. For this reason, I would offer my support to the decision he is making about the company. This will reduce the amount of conflicts.

However, this does not mean that I will watch the company go down in flames due to the mistakes I could have stopped. Instead of confronting Mr. Bush as if there is a hostile take over, I would try to make my point clear by showing him my strategies so that he could make a sound judgment. This will ensure that everybody is happy and the future of the company is secured.

Conclusion

Conflicts and chaos in the company can make the business burn into flames. This chaos and conflicts are because of people who are unethical wanting to bring the company down. However, in most conflicts is due to lack of dialogue. In the case of Nimble Media Corporation, use of dialogue between stakeholders should be employed to reduce unethical behavior and improve the future of the company. Therefore, instead of Mr. Bush and Ms. Vogel becoming power hungry, they should transfer this energy to other areas that will lead to the success of the company.