The Corporation and its Stakeholders
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Business | show 🗑
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show | human beings and the social structures they collectively create. Segments of humankind, such as members of a particular community, nation or interest group.
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General Systems Theory | show 🗑
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show | business and society each needs the other and each influences the other.
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Ownership theory of the firm | show 🗑
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Stakeholder theory of the firm | show 🗑
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Descriptive argument | show 🗑
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Instrumental argument | show 🗑
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Normative argument | show 🗑
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Stakeholder | show 🗑
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show | those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services. Includes employees, stockholders, creditors, suppliers, customers, distributers, wholesalers, retailers.
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show | people and groups who-although they do not engage in direct economic exchange with the firm-are nonetheless affected by or can affect its actions. Includes communities, governments, activist groups, media, business support groups, general public.
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Stakeholder analysis | show 🗑
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4 Questions of stakeholder analysis | show 🗑
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show | the nature of each group's stake
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Stakeholder power | show 🗑
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show | temporary alliances to pursue a common interest.
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show | ongoing relationship building between a business and its stakeholders.
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show | companies simply ignore stakeholder concerns
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show | companies act only when forced to do so, and then in a defensive manner.
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Proactive stakeholder engagement | show 🗑
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Interactive stakeholder engagement | show 🗑
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show | A business and its stakeholders come together for face-to-face conversations about issues of common concern.
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Dynamic environment of business | show 🗑
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6 Dynamic forces | show 🗑
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Created by:
storino