When making business managerial decisions, a company or firm should always consider both its internal and external stakeholders. According to Freeman’s Stakeholder theory, there is a need for management of organizations to address the business ethics and moral values in its decisions. BC hydro recently proposed on constructing and operating a dam on the Peace River in North Eastern British Columbia, known as the Site C hydroelectric megaproject. There would be serious implications on the First Nations territory that prohibit them from continuing with their traditional practices. The flooding of the valley will destroy the precious wildlife habitats and agricultural land that the First Nations call home.

Photo via Timescolonist

Due to the growing demand for clean hydroelectric, there is a need for BC Hydro to implement new projects, but the project should not impair the Aboriginals from their means of survival. Businesses should be mindful of the land that belongs to the Indigenous, and negotiate a proposition that creates shared value. Businesses should be conscientious on introducing smaller projects that would not only promote sustainable clean energy but support the well-being of the First Nations. With heightened awareness of the environment, BC Hydro should look towards new approaches that create a sustainable project, which adheres to the wishes of the First Nations.

BC Hydro should build stronger relationships with the First Nations. With their support, the company could come up with profitable solutions that benefit society as a whole. The potential partnership between them could introduce countless opportunities that help establish long-term profitability. First Nations could then have the opportunity to work with businesses and voice out their concerns. Also, they have the chance to partake in the creation of new innovative and sustainable technologies. The company in the mean time have the chance to take advantage of available resources from the Aboriginal land and utilize its resources effectively to reach its goals.

Resource

http://www.vancouversun.com/news/First+Nation+chiefs+stage+Site+showdown/10215965/story.html