Conflicting Interests Flashcards
Employees and Shareholders
Employees require safe working conditions and reasonable wages, but this will reduce the LSO,s and divedends to shareholders
Management and Customers
Management could attempt to maintain profit and high dividends to satisfy shareholders by raising the price of products, but this will upset customers, who expect reasonably price products
Management and members of the community
management might decide to cut costs by neglecting maintenance, which could possibly put members of the community in danger
Suppliers and members of the community
Suppliers expect to be paid fairly and promptly, but they may reduce costs by using unethical or socially irresponsible practice, which can upset the members of the community