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can someone help me identify the issue and stakeholders? Required: Using the transcript of the conversation given here, write an essay of the situation using
can someone help me identify the issue and stakeholders?
Required: Using the transcript of the conversation given here, write an essay of the situation using the Following suggestions as a guide to your orientation. Identify and list as many stakeholders/issues as you can from the given case that may pose Problems/opportunities which could challenge/assist the welfare of the various stakeholders In the case. In your own words, discuss briefly each of the items identified and suggest Solutions (if any) to the problems you find. (Here are some main issues that you may discuss to start with and to expand on: What do you Think of Priscilla telling Richard about the impending decision concerning the power department in relation to a conventional corporate code of ethics? Should Priscilla submit Jackie's data to JL or do her own analysis concerning the power department? Should she protect its workers? What would you do if you were Priscilla?) Priscilla Drumpf (\"PD\"), chief management accountant and controller for Hurray Products Company was having lunch with Richard Clinton (\"RC\"), manager of the company's power department. Over the past six months, Priscilla and Richard had developed a romantic relationship and were making plans for marriage. To keep company gossip at a minimum, Pricilla and Richard had kept the relationship very quiet and no one in the company was aware of it. The topic of the luncheon conversation centred on a decision concerning the company's power department that John Lawrence (\"JL\"), CEO of the company, was about the make. PD: Richard, in our last executive meeting, we were told that a local utility company offered to supply power and quoted a price per kilowatt-hour that they said would hold for the next three years. They even offered to enter into a contractual agreement with us. RC: This is news to me. Is the bid price a threat to my area? Can they sell us power cheaper than we make it? And why wasn't I informed about this matter? I should have some input. This burns me. I think I should give JL a call this after and lodge a strong complaint. PD: Calm down, Rich. The last thing I want you to do is call JL. JL made us all promise to keep this whole deal quiet until a decision had been made. He did not want you involved because he wanted to make an unbiased decision. You know that the company is struggling somewhat and they are looking for ways to save money. RC: Yeah, but at my expense? And at the expense of my department's workers? At my age I doubt that I could find a job that pays as well and has the same benefits. How much of a threat is this offer? PD: Jackie Chen, my assistant controller, prepared an analysis while I was on vacation. It showed that internal production is cheaper than buying, but not by much. JL asked me to review the findings and submit a final recommendation for next Wednesday's meeting. I've reviewed Jackie's analysis, and it's faulty. He overlooked the interactions of your department with other service departments. When these are considered, the analysis is overwhelmingly in favour of purchasing the power. The savings are about $300,000 per year. RC: If JL hears that, my department's gone. Priscilla, you can't let this happen. I'm three years away from having a vested retirement. And my workers - they have home mortgages, kids in college, families to support. No, it's not right. Prisc, just tell him that your assistant's analysis is on target. He'll never know the difference. PD: Rich, what you're suggesting doesn't sound right either. Would it be ethical for me to fail to disclose this information? RC: Ethical? Do you think it's right to lay off employees that have been loyal, faithful workers simply to fatten the pockets of the owners of this company? The Hurrays already are so rich that they don't know what to do with their money. I think that is' even more unethical to penalise me and my workers. Why should we have to bear the consequences of some bad marketing decisions? Anyway, the effects of those decisions are about gone, and the company should be back to normal within a year or so. PD: You may be right. Perhaps the well-being of you and your workers is more important Than saving $300 000 for the HurraysStep by Step Solution
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