Create a detailed diagram of all of the stakeholders of Oxitec. How is each of the stakeholders affected by Oxitec’s actions? Explain. What conclusions can you draw from this analysis?
Answers
Answer:
Actions?affected?OxitecYesThey are responsible for the production of the “disease-killing” mosquitoes.Oxitec is overall responsible for the product and should take the fall for either a negative or positive outcome. ●Cities that are in need of the production ofmosquitoes●Financials ●ConsumersYesThe cities are the main financial source of the mosquitoes, after the good outcome has been produced,they may demand for more mosquitoes which may affect the city’senvironment. Oxitec may or may not provide the correct supply and demand.SuppliersYesThanks to the horrendous outbreak of dengue fever, Oxitec may look around for other suppliers that will provide cheaperproduction. An abundance of genetic mosquitoes would have an effect mainly on theeconomics and profit. If Oxitec wereto switch suppliers, the manufacturer may halt the business in order toproduce more mosquitoes or toolsfor genetic mosquitoes. What recommendations might you make for the company’s business model going forward?To begin with, they should have tested the product first, but then allowed the whole genetically modified mosquito exposure be spread amongst the cities who were potential buyers.
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