MOR 465 Lecture 3: rana plaza
Document Summary
With fierce competition in the garment industry from other countries, Bangladesh provides the importers across the world with low cost production. International brand owners- they are directly affected by the problems faced by the supply firms. If the news of malpractices comes out, it will have a direct affect on goodwill of their brand. They want lowest possible price for the product they are purchasing. Foreign government- they are affected due to international trade. They need to maintain the best possible environment for their people. Labor unions and labors- they are directly affected as the conditions of the firms have an affect on their health. Organizations (ngo"s) they are established to protect and raise awareness for issues affecting the people. In this case, pushing the firms to assume responsibility for safer working conditions ; (bmea) Of the stakeholders, the international brand owners hold high influence. The workers and labor unions are the most affected and hold low influence.