Purchase Solution

The Community Stakeholder

Not what you're looking for?

Ask Custom Question

Please help get me going with the following debate: I have to argue to keep Carolcon Metals in Minnesota.

Debate

Carolcon Metals in Minnesota is in trouble. For the past 5 years, they have been losing ground to the competition in an especially fierce industry. All competitors have moved mining and production facilities to countries with lower wages and fewer environmental and safety restrictions. Carolcon has been a stable employer for three generations in the town, and its 700 employees are one-tenth the population of 7,000 people.

However, it is faced with a sobering choice: move the mining and production facilities overseas or face greater loss of market share. The company probably will not go out of business because they manufacture a unique and patented product, but they will continue to lose profits.

The Biron Islands are a small chain of islands in the Caribbean. They have been an independent nation for 130 years. They are hoping Carolcon will consider opening a mining and production facility on Greentag, the largest and poorest island. Greentag has abundant supplies of the natural resources Carolcon Metals seeks. Also, it has an eager work force. Currently, there is 50% unemployment on Greentag, so the people there are desperate for an employer to provide wages to stem the tide of starvation and lack of medical care.

Purchase this Solution

Solution Summary

Based on the case, this solution assists with the following debate: to argue to keep Carolcon Metals in Minnesota.

Solution Preview

This is an interesting debate, as President Obama is interested in keeping the mining in the United States.

RESPONSE:

I have been researching this topic and located some information that is applicable, but it is a difficult argument to make, because businesses need to make money in order to stay in business.

Let's take a closer look.

The main stakeholders are: the company, the employees (lose their jobs), the investors. However others are also impacted by this decision that need to be considered.

The first argument would be the loss of employee jobs and the direct impact on them and their families. However, the 700 jobs comprise a large percentage of the community (10%).

This leads to another argument to keep Carolcon ...

Purchase this Solution


Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.