Stakeholder Management Report - Case Study: Ireland Nursing Homes

This report delves into the critical area of stakeholder management, drawing insights from a case study on the Indian textile sector and its stakeholder conflicts. It explores the importance of protecting stakeholder interests, highlighting the repercussions of failing to do so, as exemplified by the challenges faced by the nursing home sector in Ireland. The analysis emphasizes the need for firms to adapt to industry changes and protect the interests of all stakeholders, including employees, investors, and customers, to ensure the sustainability and success of the business. The report uses the article 'Changing Stereotypes in India's Garment Sector through Dialogue' by Maemura (2013) as a reference point to illustrate the importance of stakeholder management and its implications on various sectors. The report also highlights the impact of macroeconomic changes and technological advancements on businesses and their ability to adapt and maintain operations. The report underscores the importance of conflict resolution and protecting the interests of all stakeholders to ensure the sustainability and success of the business.

Running head: STAKEHOLDER MANAGEMENT
Stakeholder Management
Name of the student
Name of the university
Author Note:

1
STAKEHOLDER MANAGEMENT
Answer 1.
The treatment of stakeholder management in the article ‘Changing Stereotypes in
India's Garment Sector through Dialogue’ by Maemura (2013) is the aspect which would
strike the heart of the readers. The article opens given an idea about the present size of the Indian
textile sector which ratifies its profitability. Then the author goes on to mention that
macroeconomic changes in changes in technology which are necessitating the firms operating in
the Indian textile sector to undergo structural changes. The article also mentions that the firms
which were not able to adapt to these changes had to close their operations. Then the author
introduced the issue which is one of the pain points of the Indian textile industry in spite of its
bright future, stakeholder conflicts. He goes to mention the important stakeholders like the textile
manufacturing firms, branding firms, the factory owners, the trade unions, the labour unions, and
the employees. The article clearly shows that failure to protect the interest of one group
stakeholders like employees ultimate hampers the interests of other the stakeholders like the
textile firms, ultimately damaging to the operations of the entire industry. The style of writing of
the author is totally objective and based on facts, which is also striking.
Answer 2.
The importance of protecting the interests of the stakeholders can be applied to the
nursing home sector in Ireland very aptly. As per a recent article published in the Irish Times, the
nursing home sector in the country is experiencing ‘High costs and low returns’ and the issue is
likely to ‘fuel nursing home shortage’ in the country (Kennedy 2020). This would undoubtedly
result in severe public inconvenience in Irish since nursing homes are among the basic utility
services. This severe issue in the nursing can be viewed through the lenses of stakeholder

2
STAKEHOLDER MANAGEMENT
management as as the article by Maemura (2013). The article publish in the Irish Times clearly
mention two facts that Irish society is experiencing an ageing population and there is ‘little or no’
facilities available in the nursing homes to care for the ageing patients who in other words are the
customers. This means the patients, amongst which a majority are ageing patients prefer foreign
multispecialty hospitality. This means that the firms owning the nursing homes are not able to
protect the interests of the patients, the customers. This is enabling foreign based healthcare
facilities poach customers from the Irish nursing thus, reducing the revenue of the latter. The
firms owning the nursing are incurring losses and are not able to give high ROIs to their
investors. The investors as a result are divesting in their shares, which is weakening these
nursing financially even further. The firms owning nursing homes are consequently not able to
pay their expenses and debts. Thus, inability to protect the interests of one groups of stakeholders
eventually lead to losing the support of the other groups of stakeholders.

3
STAKEHOLDER MANAGEMENT
References:
Kennedy, E., 2020. Irishtimes.Com. [online] Irishtimes.com. Available at:
<https://www.irishtimes.com/business/commercial-property/high-costs-and-low-returns-will-
fuel-nursing-home-shortage-cbre-1.4152896> [Accessed 28 March 2020].
Maemura, Y., 2013. Changing Stereotypes in India's Garment Sector through Dialogue. Conflict
Resolution Quarterly, 31(2), pp.159-187.