Reference no: EM133051299

Article (Case): Putzier, K., Calvert, S. & Levy, R. (2021).

Behind The Florida Condo Collapse: Rampant Corner-Cutting; Inadequate waterproofing, thin columns and faulty concrete emerge as leading possibilities in Champlain Towers South tragedy, Wall Street Journal (Online) ; New York, N.Y. [New York, N.Y]. 24 Aug 2021.

This article is available in the library and an accessible version is posted.

Task 3. Identify and describe the power of each stakeholder groups. 

You need to study the case and identify the types of power of the key stakeholder groupsin the case.  Specifically, identify voting power, economic power, political power, legal power, and informational power for each stakeholder group. 

Most stakeholder groups have at least two or more types of power, and their power can be significant (i.e., strong), or insignificant (i.e., weak).  For example, in theory workers can quit or go on strike (i.e., economic power), but if they do not have access to other jobs, or weak or no union representation, then they have only weak economic power.  Similarly, employees are members of the community and have voting power, and may be members of activists groups with informational power, etc.  The details will vary in each case.

To prepare for the midterm exam, you should study the case, and  short paragraph discussing the power of each key stakeholder group.  For example, for the hypothetical case discussed above, an essay on your midterm might be like one of the following: 

• Discuss at least two examples of informational power stakeholders in this case may be able to apply. Were they able to exercise their power to influence changes in corporate behavior in this case? Explain.
• Discuss at least two examples of political power stakeholders in this case may be able to apply. Were they able to exercise their power to influence changes in corporate behavior in this case? Explain.
• Discuss at least two examples of economic power stakeholders in this case may be able to apply. Were they able to exercise their power to influence changes in corporate behavior in this case? Explain.
• Discuss at least two examples of legal power stakeholders in this case may be able to apply. Were they able to exercise their power to influence changes in corporate behavior in this case? Explain.
• Discuss at least two examples of voting power stakeholders in this case may be able to apply. Were they able to exercise their power to influence changes in corporate behavior in this case?). Explain.
• Discuss the power of the various levels of government discussed in the case.
• Discuss the power of the local community in the case.