Implementing The Above Decisions Reached By Sir Adam Smith

Assuming that I decide to implement the above decisions reached by sir Adam Smith, the potentially interested stakeholders that would be displeased by the decision would be, the company as whole which comprises of the employees, junior and senior management, board of directors and shareholders associated, apart from them there would be suppliers, distributors and channel partners which include health care systems that help the company promote their baby food products to potential customers being mothers. The recommendation that I would suggest, that according to me should be palatable to these stakeholders would be, first to be a genuine company that seeks public good instead of deceiving their trust and manipulating their demand for achieving few profits. Furthermore I would suggest that the company and the stakeholders should stop playing around with people’s feelings and emotions causing them to risk the lives of their loved ones just for their own and company’s in terest just by advertising lies and tricking the customers who get ripped apart for their decision of trusting the company for selling and meeting their needs as promoted which is unfair. As a result they should stop these practices and become honest, fair and creditable. According to the capitalist decision rule regarding morality of action the company should carry out the cost benefit analysis which would firstly comprise of cost to the firm for taking the action that would include prices to decrease andShow MoreRelatedDoes Sustainability Reporting Improve Corporate Behaviour?: Wrong Question? Right Time?14566 Words   |  59 Pages2004:14) *The author is Professor of Social and Environmental Accounting at the University of St Andrews. 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