FIFA Scandal and Affected Stakeholders
Added on 2020-04-01
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FIFA SCANDAL CORRUPTION SCANDAL1FIFA SCANDAL – KEY AFFECTED STAKEHOLDERSBy(Student Name)CourseName of ProfessorInstitutionDate
FIFA SCANDAL CORRUPTION SCANDAL2FIFA Scandal – Key Affected StakeholdersMost of the times businesses find themselves in a dilemma on deciding what is morallyright. According to Shaw, et al. (2013, p. 26) there are many analytical and reasoning skills thatbusiness can apply to resolve these issues once they occur. To avoid the occurrence of unethicalbusiness related issues, the managers should ensure there are always the concepts of honesty andintegrity and fair practices in place. However, this is not the case for the FIFA scandal that haslargely affected its stakeholders.The corruption scandal at FIFA evidently eroded the dignity of the federation, andinconsequently affected the operations and affairs with the outside business and corporateenvironment. While it is debatable about the extent of the moral rot and the parties involved withpending investigations, the most affected stakeholders are the sponsors. Despite wild allegationsthat speculated that viewership of the premier football matches was at stake, many expertsincluding Professor David Mayer at Michigan Ross are objected to the postulation. He says, “Myguess is it will not impact viewership, and if there is money to be made will not have a bigimpact on businesses who support the World Cup”, which resoundingly assures the federation’ssponsorship, since it is the backbone of the trade (Michigan Ross 2015 p. 32).As this paper digs deeper into the controversies to highlight the degree of breach ofregulations and associated impact to the affected stakeholders, the plain truth reveals itself. With multibillion sponsor partners such as Coca-Cola and Adidas having expressed theirdire concerns with the malice at the heart of FIFA, the federation must be nuts to put itshouse in order before misery catches up.
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