ipl-logo

Stakeholder Impact Analysis Essay

793 Words4 Pages

3. Stakeholder Impact Analysis

Government Institutions

The Bangladeshi Government has a number of institutions that play specialized roles:

• The Department of Labor (DOL) is a body of the Ministry of Labor and Employment who is responsible for implementation and monitoring all labor and industrial laws.

• The Ministry of Commerce is responsible for regulating both domestic and international trade. They set export and import policies which must fall within the guidelines.

• The Ministry of Industry develop new policies and strategies for promotion, expansion and sustainable development of RMG sector of Bangladesh.

Employers’ Associations

Employers’ organizations are responsible in regulating relations between employers and workers. They work for the rights of the workers and ensure they are treated fairly.

BGMEA is perhaps the most important association in Bangladesh’s garments sector. They have over 5000 garments under their belt. Their primary …show more content…

Trade Unions help to safeguard the interest of the workers by letting know them of their rights, better and safe work environment, fair pay, etc. After the Rana Plaza tragedy Trade Unions have put pressure on the factory owners for more fire drills. So that in time of crisis the workers are better trained and equipped to deal with the situations. Now, fire drill, fire training and other safety measures are taking place almost on a regular basis in the factories where trade unions are active.

However, factories without trade unions are at risk. Their safety measures are either absent or irregular. Trade unions have also been accused by various factory owners for influencing workers to hike wages by calling strikes, creating chaos in the workplaces. Many trade unions are also affiliated with political parties which make relationships complex and politicized.

Non-Governmental

Show More
Related

  • How Is It Used To Describe The United States During The Gilded Age

    1369 Words  | 6 Pages

    Gilded means to be covered with gold and it is exactly why it is used to describe the United States from the late 1800s to the early 1900s. The Gilded age shaped The United States into a new world. With the growth of industries, growth of cities, and new technology, the United States way of life completely shifted. However, under all the amazing shining gold was a thick layer of dirt and harsh reality from the Gilded Age. Although this age was filled with many improvements, it was also filled with massive poverty, unequal wealth and political corruption.

    Read More

  • Triangle Fire Analysis

    738 Words  | 3 Pages

    They lied and said they had the doors were “always unlocked.” They were not trustworthy witnesses. According to Rosey Safran, a Jewish immigrant from Austria, said, “If the union had had its way, we would have been safe in spite of the fire, for two of the union’s demands were, adequate fire escapes on factory buildings and open doors giving free access from factories to the street. “ The owners already went up against the union with safety demands. Most likely they would have agreed with lower safety standards as Yglesias asserts, considering they didn’t care about the sanitation and purity of the workplace in its current

    Read More

  • Pullman Strike Research Paper

    1399 Words  | 6 Pages

    The riot resulted in producing an obstacle for union membership and union authority still felt in several union groups today. Prior to the Haymarket Riot, it was known that factory work was hard. Employees were exposed to dangerous conditions, low wages, and prolonged hours; therefore, in an effect to improve working conditions unions were formed. Companies opposed union so in a attempt to reduce an individual for join on they would add suspected union members on a lists, which barred them from employment. Companies were also known for disregarding laws that the government put in place to protect workers’ rights and in some cases the government historically sided with the companies during strikes giving companies a sense of power.

    Read More

  • Essay On American Imperialism In The Gilded Age

    1231 Words  | 5 Pages

    For the part of the industrial workers, labor unions were formed to protect the interest of the working men in the factories of the Great Lakes region and the industrial northeast. The first

    Read More

  • The Negative Effects Of The Gilded Age

    570 Words  | 3 Pages

    The Gilded Age was the period in America between the 1870 through 1900. The term Gilded comes from a book written by Mark Twain. Twain thought of the word Gilded to be described as “glittering on the surface but often corrupt and economically unbalanced underneath”. No other words could be used better to describe the Gilded Age. The rich and the poor were well separated and the government was extremely corrupt.

    Read More

  • Knights Of Labor: The Knights Of Labor Union

    351 Words  | 2 Pages

    It wasn’t a union, but a federation, whose goals were to bargain with employees’, resolve grievances and organize strikes. Unlike The Knight of Labor, in order to achieve efficiency, it believed in the capitalist system and the importance of employers’ making a profit, but also seeks to win labor’s fair share of the profits through collective bargaining. Equity was achieved by way of making sure that employees received their fair share of the profits though collective bargaining. Therefore, to ensure that workers received their fair share of the profits, the union had no problem using the threat of strikes.

    Read More

  • Labor Unions Essay

    1464 Words  | 6 Pages

    Despite the cons of unions overall they help not only the employees but also the

    Read More

  • The National Labor Relations Act: Pros And Cons

    282 Words  | 2 Pages

    The National Labor Relations Act allows employees to form a union or join a preexisting union. The same act prevents employers from standing in the way of workers attempting to unionize. Many organizations frown on unionization, but regardless of their opinion, they cannot interfere with employment rights. Employers are violating the law if they threaten employee 's jobs, question union activities, or eliminate benefits for employees by unionization. They also cannot offer benefits or perks to employees for refusing to unionize, as this could be seen as illegal persuasion (Employer/Union Rights, n.d.).

    Read More

  • Arguments Against Unions

    474 Words  | 2 Pages

    South Carolina is 1 out of 26 states that passed the Right to Work law. The Right to Work law means that unions have been eliminated in SC. Unions should be disbanded because they are harmful to the economy and create conflict for everyone. To better understand why unions should be disbanded, one must consider the opposition. Many argue disbandment will harm the economy however it will not.

    Read More

  • National Labor Union History Essay

    666 Words  | 3 Pages

    They ensure that all people who work receive the correct rewards for their labor. They fight for all workers to have respect and fair treatment from the companies they work for. Unions are needed to help workers and laborers get the respect they

    Read More

  • How Did George Pullman Control Their Employees

    794 Words  | 4 Pages

    They have set rules and regulations for workers so that they can be safe while doing their jobs and are forcing employers to raise wages. The early unions obtained the eight hour work day and the foundation for the Workers Compensation Acts, but the unions today have built on that foundation and raised the standards, so that the working men and women can give their families a roof over their heads and food on the table. Labor unions fight for the rights of workers. Today, they are trying to keep jobs in America and get the companies to let union workers to do the jobs needed instead of hired contractors. Many people today would agree with Mother Jones when she said “As I long to see the day when Labor will have the destiny of the nation in her own hands and she will stand as a united force and show the world what the workers can do.”

    Read More

  • Labor Unions In The 1800s

    663 Words  | 3 Pages

    A labor union is a group of money earners that come together to promote and defend the interests of its members with respect to earnings and working conditions. Labor unions deal with employers on the behalf of its members through a process known as collective bargaining. In the United States, the first labor unions were on a regional level, when shoemakers in Philadelphia, Pennsylvania, organized in the 1790s. Terrible working conditions in the 19th century led to worker conditions. Employers fought back against the strikes by issuing demands, hiring private detectives and engaging in other dispositions.

    Read More

  • Stakeholder Analysis Body Shop

    941 Words  | 4 Pages

    Introduction This case study explores the acquisition of the Body Shop, which is one of the largest franchise cosmetics companies in the world, by L’Oreal. The main concentration of the case study aims at investigating the impact on business ethics and corporate social responsibility by the concentricity of the Body Shop and L’Oreal and how the general attitude and buying behaviour is distorted in the course of this acquisition. L‘Oreal being the big conglomerate in the cosmetics industry acquired the Body Shop International which is comparably small but having iconic brand of environmental and socially responsible concerns, on 17 March 2006, through a covenant of $1.2 billion. The combination of two brands in a newly formed conglomerate implies a combination of values, principles and associations that might affect a company’s appeal. The verity that L 'Oreal 's acquisition of the Body Shop provides plenty of potential growth opportunities is undeniable; nevertheless the question of how well the acquisition sits in the group of the world 's largest cosmetics company is another matter.

    Read More

  • Stakeholder Analysis: Lockheed Martin Corporation

    1461 Words  | 6 Pages

    In a competitive world market, businesses must have a thorough understanding of the processes and systems used within the company in order to determine whose interests need to be taken into account when implementing policies and/or programs. This stakeholder analysis is integral to growth and development. For large corporations which have multiple divisions and companies within their corporate structure it is essential to look at all aspects of the business model to identify stakeholders. Establishing the given responsibilities of the various divisions and the direct role they play in the economic success of the firm must also be considered. Many of the largest and most lucrative corporations in the world are those related to supporting military

    Read More

  • The Pros And Cons: The Decline Of Trade Unions

    2101 Words  | 9 Pages

    It also brings significant productivity benefits for companies. 4.2 Ensure workplaces are safe Trade unions representatives help to lower accident tares atwork by ensuring safe working practices and reducing stress related ill health caused, for example, working long hours being bullied or working in poor quality environments. Unionized workplaces are safer work places which has the added benefits for employers of significantly reducing employers of significantly reducing the cost of ill health and accidents. 4.3.

    Read More

More about Stakeholder Impact Analysis Essay

Open Document