Clarke_Lisa_LS312_Ethics and the Legal Environment_Unit 4_Assignment - UNIT 4 Amtrak Case Study Kaplan University LS312 Ethics and the Legal Environment

Clarke_Lisa_LS312_Ethics and the Legal Environment_Unit 4_Assignment

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UNIT 4: Amtrak Case Study Kaplan University LS312: Ethics and the Legal Environment Unit 4_Assignment Lisa Clarke November 23, 2015
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UNIT 4: Amtrak Case Study A stakeholder is a person, organization or group that has an interest in an organization. These individuals can influence to be affected by an organizations objectives, action, and policies. Examples of these groups are creditors, directors, staff, government agencies, shareholders, vendors, unions, and any resource that a business taps into. Not all stakeholders share equal interest. Being a stakeholder does not always have benefits. A worst case scenario of negative impact to those with less interest as stakeholders is when an organization uses headcount as a solution to cutting costs. The employee stakeholder communities are impacted by getting laid off. (Business Dictionary, 2015). In the scenario presented in the Amtrak case study, the stakeholders were the crew members, the passengers, communities where the tragedy happened, and the towns that provided support with resources and services. All of these individuals have a stake in the scenario, from a point of contact of direct or indirect activities. A common thread for everyone was to have a safe
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