The sub-issues that were present in the case of Malden Mills pertained to managing the post fire scenario in an ethical manner, making business decision which were in the favor of the company as well as the stakeholders, providing support to the employees and the workers, planning for redevelopment and ensuring a motivated and loyal workforce for the company after its reestablishment and rebuilding of the burnt done infrastructure to commence operations at a fast pace. This was aimed at upholding the reputation of the company in the market as well as to support future operations of the company for growth and profitability despite the let down of the fire.
The definition provides that stakeholders can be a “person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions, objectives, and policies” (‘Stakeholder: Definition’, 2009). Essentially the stakeholders of the business are those people who have some stake in the business, an investment of an interest which affects their gain.
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