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You can't make steel without having some smoke: A case study in stakeholder analysis

Steven J. Maranville

Journal of Business Ethics · 1989 · Volume 8 · Issue 1

DOI: 10.1007/BF00382017

Abstract

Under the assumption that business ethics can be enhanced by evaluating the affects of decisions on others, this essay demonstrates a case study in stakeholder analysis. While much normative literature has been compiled on the subject of stakeholder management, even more can be learned from the first-hand observation of stakeholder interactions. The purpose of this essay is to present a model of Basic Manufacturing Technologies' stakeholder universe, and illustrate how this manufacturer of steel interacts with its stakeholders. The conclusion which is drawn suggests that these relationships are more complex than BMT's stakeholder philosophy portrays.

Keywords

Economic Growth, Smoke, Business Ethic, Manufacture Technology, Stakeholder Management

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