Question
Here are links related https://www.abc.net.au/news/2019-07-03/woolworths-to-pull-the-plug-on-pokies-and- pubs/11273802 https://www.smh.com.au/business/companies/woolies-bottles-it-on-pokies-and-gives- customers-what-they-want-20190705-p524da. Using the news articles provided as a base and referring to other appropriate literature, address each of
Here are links related
https://www.abc.net.au/news/2019-07-03/woolworths-to-pull-the-plug-on-pokies-and- pubs/11273802
https://www.smh.com.au/business/companies/woolies-bottles-it-on-pokies-and-gives- customers-what-they-want-20190705-p524da.
Using the news articles provided as a base and referring to other appropriate literature, address each of the following requirements separately.
(a)What is a social contract? What are the explicit and implied terms of the social contract between Woolworths and the community?
(b)Describe the main stakeholders whom may have lobbied/pressured Woolworths to exit the pokies and alcohol businesses. Using Stakeholder Theory, explain the likely motivations for these stakeholder groups (basing your discussion on your application of Stakeholder Theory).
(c)Using Legitimacy Theory and the social contract, explain how this theory and concept apply to this case. What had been the possible issues and problems faced by Woolworths in the past? What are the consequences that Woolworths would have to bear if they continue to ignore the expectations of the community? What likely benefits will Woolworths achieve if they carry out their proposed actions? Explain.
(d)What legitimation strategies can Woolworths adopt to enhance their standing in the community? Describe your strategies citing relevant sources and give reasons why these are appropriate.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started