The paper 'Red Gold Stakeholder Analysis" is a good example of a management case study. Red Lobster is a chain of restaurants owned by Darden Restaurants. It is the leading casual dinner restaurant globally. In this business analysis, several of its stakeholders are mentioned. Their attributes, stakes, responsibilities and the recommended actions that should be carried out are mentioned. The situation being analysed is a case of bad media coverage but it shows an ethical issue that Red Lobster should be involved in correcting. I have come up with this stakeholder analysis with an explanation of each of the points (Darden Restaurant, 2006). Shareholders In analysing the shareholders of the red lobster, their main stakes are ownership, interest and rights.
As the shareholders, they have a right and the interest to be involved in the operations of the restaurant because they are the financers and main beneficiaries. Their financial input is used by the restaurant to enhance business. The factors that affect the restaurant will directly affect them and hence they are incorporated in the entire decision making and budgeting plans of the company.
They should therefore be the first to be informed of the case of the divers so as to come up with the right action on the main issue. The stakeholder attributes are urgency, legitimacy and power. Shareholders are the owners and have a legitimate claim on the progress of the company. They also have the power to change matters that regard the company depending on the progress. Since they are the owners, the company management team is answerable to them and must answer their concerns with urgency.
Red Lobster has economic, legal and ethical responsibilities to its shareholders. Firstly, the company must ensure that the money invested by the shareholder is not wasted. It, therefore, ensures that profits are made. The economic relationship between the two must be good to avoid selling and dropping of shares or similar factors. Additionally, Red Lobster has legal and ethical responsibilities because the company's actions and decisions must be within the set laws and standards to avoid legal and ethical issues. The best action that Red Lobster can take is the collaborative action that requires the shareholders and the management to work together in handling the bad media coverage.
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