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Approaches to Stakeholders' Impact Analysis

In: Business and Management

Submitted By chly628
Words 312
Pages 2
Cheng Ly
CheckPoint: Approaches to Stakeholder Impact Analysis The way that I would probably conduct a stakeholder’s impact analysis of scenario 1 on appendix B using the moral standard is to be in favor of building the mall and resort. In the moral standards approach, the decision should be based on the benefit rather than the profitability. And to make the decision in favor the building the mall and resort will benefit a lot more people than keeping the nursing home. If I were to make the decision based on the 5-question approach, I would go through the questions one and one and answer them and this would also be in favor of building the mall and resort. The first question is whether the decision will be profitable, and I would say yes, definitely. Is the legal to build the mall? The answer is yes, there is nothing illegal about buying out the nursing home and building the mall there. Is it fair? The answer to this is would be no, because it isn’t fair to the senior citizens living in the nursing home. Is the decision right? On this question, I would not be sure whether to answer yes or no, because it can be right if we would like to bring profitable to the whole community. And the last question is the decision going to further sustainable development? And I would have to say yes, because there would be more money, which in turn can be used to build another nursing home and seniors’ recreation center, or buy out another property or land. Under the Pastin approach, I would probably make the decision to be in favor of the keeping the home for the senior citizens because it seems cruel to put the elders out of their homes and force them to go find another place to stay.…...

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