Stakeholder Analysis – Business Society & Ethics
Throughout the last 6 months, the scandal that has plagued Wells Fargo bank has been unfolding. In a pair with one other classmate, perform a stakeholder analysis
of the Wells Fargo scandal that offers (new) CEO Timothy Sloan a means of resolution, by responding (~5-7 pages) to the following questions: 1) Who are Wells
Fargo���s five most relevant stakeholder groups in this situation (explain why you included these and excluded others), and what are their stakes
2) What attributes (power, legitimacy, urgency) do these five stakeholder groups hold in this situation
3) What economic, legal, ethical and philanthropic responsibilities does Wells Fargo have to these stakeholder groups in this situation, and why
And given your response to Q1-Q3,
4) What specific actions (involve, collaborate, monitor or defend) should Wells Fargo take with each of these five stakeholder groups
Be specific, and explain how the action you recommend for each stakeholder group will help to resolve the scandal
In regards to the Foxconn situation, I believe Apple has several relevant stakeholders. I will outline the stakeholders as well as their stakes, attributes, the
responsibilities Apple has to them, and the strategies and actions Apple should take for each. I limited my selection of stakeholders solely to the Foxconn readings.
In reality, Apple has many more stakeholders such as local governments, local communities, surrounding businesses, and many other social and activist groups. For this
analysis, I chose the stakeholders listed below.