The paper 'Business Analysis - Red Gold Company" is a good example of a management case study. As illustrated, the Red Gold Company CEO is facing a management challenge on the manner in which to handle the apparent media publicity on its low priced lobsters, a tag forming its key marketing campaign backbones. As such, Rouse and Sage (12) argued that one of the approaches through which to develop such an ideal strategy would be through a stakeholder’ s analysis, evaluating the various organizational stakeholders and relevant challenge mitigation approaches across the respective stakeholders.
In this regard, this research paper focuses on the attributes of each of the stakeholders evaluating their influence and control on the venture operations, as well as the organizational expected responsibility to the stakeholders. Consequently, the analysis develops are commendation on the ideal strategy for handling and serving the interests of each of the discussed stakeholder. The analysis table is attached as demonstrated below. Stakes Attributes Responsibilities Strategy Stakeholders Customers Interest, Rights Legitimacy, power economic, legal, ethical Collaborate Suppliers Interests, rights Power, urgency ethical Collaborate Media Interest power ethical Involvement Employees Interest, rights legitimacy, power economic, legal, ethical Involvement Monitoring Groups Interest power ethical Collaborate and monitor Suppliers Stakes: An evaluation of the Red Gold suppliers stakes evaluation establishes that the supplier has an interest in the organization in that they influence the amount and quality of lobsters supplied to the venture and consequentially to the respective consumers.
Similarly, the suppliers have a right on the organization as they form part of the crucial organizational supply chain without which the venture profitability margin would decline. Attributes: An evaluation of their attributes establishes that the suppliers have power and urgency attributes respectively in that they enable the venture to earn profits thus the power attribute, as well as the direct implications of their actions to the organizational operations and strategies serving as their urgency attribute justification.
Works CitedRouse, William B, and Andrew P. Sage. Work, Workflow and Information Systems. Amsterdam, the Netherlands: IOS Press, 2007. Print.