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Which of the following best explains the stakeholder theory *?
Businesses must be attentive to every stakeholder in the company.
What is the stakeholder theory of corporate social responsibility?
Stakeholder theory stipulates company’s responsibilities to all their stakeholders. – such as responsibility to customers, responsibility to employees, responsibility to. financiers, responsibility to suppliers, and responsibility to communities.
What is the stakeholder theory ? by R. Edward Freeman | ESSEC Classes
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What is stakeholder theory in ethics?
Stakeholder theory is a point of view within business ethics, popularized by Edward Freeman, holding that a company’s managers are ethically obligated to pursue jointly or to balance the interests of its stakeholders in the conduct of its business.
What is the main characteristic of the stakeholder approach?
A focus on social and environmental responsibilities of a corporation.
Why is the stakeholder theory called the broad theory of corporate responsibility?
The “wide” or “broad” theory of CSR is the idea that business corporations have a moral obligation to “give something back” to society; stakeholder theory is just the newest version of this idea.
Which of the following word refers to doing business with your grandchildren’s interests at heart ‘? *?
| Q. | Which of the following word refers to ‘doing business with your grandchildren’s interests at heart’? |
|---|---|
| B. | Sustainability |
| C. | Agility |
| D. | Integrity |
| Answer» b. Sustainability |
What is stakeholder theory and why is it important?
Stakeholder theory holds that company leaders must understand and account for all of their company’s stakeholders — the constituencies that impact its operations and are impacted by its operations. Stakeholders include employees, shareholders, customers, suppliers, creditors, the government, and society at large.
See some more details on the topic Which of the following best explain the stakeholder theory? here:
Business Ethics: Corporate Social Responsibility – Quiz …
2. Which of the following BEST explains the stakeholder theory? Businesses must be attentive to every stakeholder in the company.
Business Ethics Exam 2 Flashcards | Quizlet
Moderate Versions of the Stakeholder theory claim that while corporations have … Which of these best describes the ethical advice that most business …
About | Stakeholder Theory
Stakeholder Theory is a view of capitalism that stresses the interconnected relationships between a business and its customers, suppliers, employees, investors, …
What Is Stakeholder Theory? | Smartsheet
Freeman suggests that a company’s stakeholders are “those groups without whose support the organization would cease to exist.” These groups …
What is stakeholder theory in corporate governance?
The stakeholder theory of corporate governance focuses on the effect of corporate activity on all identifiable stakeholders of the corporation. This theory posits that corporate managers (officers and directors) should take into consideration the interests of each stakeholder in its governance process.
What is shareholder and stakeholder theory?
A shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation. These reasons often mean that the stakeholder has a greater need for the company to succeed over a longer term.
What is stakeholder perspective?
A stakeholder perspective considers the interests of all affected parties in its decisions. By widening the set of actors, companies add complexity to decisions. When stakeholder interests compete, the decision options open to executives narrow and often reduce the profits to shareholders.
What are the 3 stakeholder approaches?
According to Donaldson and Preston,5 there are three theoretical approaches to considering stakeholder claims: a descriptive approach, an instrumental approach, and a normative approach. The descriptive approach sees the company as composed of various stakeholder groups, each with its own interests.
Stakeholder Theory Explained
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What is an example of a stakeholder?
Examples of important stakeholders for a business include its shareholders, customers, suppliers, and employees. Some of these stakeholders, such as the shareholders and the employees, are internal to the business.
Which of the following is correct for stakeholder approach?
c. Stakeholder management strives for creating value for the stakeholders that would critically get affected by its decisions or would impact its business.
What is the shareholder approach?
The shareholder concept approach argues that it is the primary responsibility of businesses to act in the interest of its owners – the shareholders. So, decisions should be taken based on the effect of those decisions on shareholders rather than the wider stakeholder groups.
What is the main characteristics of the stakeholders approach Mcq?
What is the main characteristic of the stakeholder approach? b) It is a critical perspective on corporations and business. c) A focus on social and environmental responsibilities of a corporation.
What is stakeholder theory based on?
Stakeholder Theory is a view of capitalism that stresses the interconnected relationships between a business and its customers, suppliers, employees, investors, communities and others who have a stake in the organization. The theory argues that a firm should create value for all stakeholders, not just shareholders.
Why according to stakeholder theory is it in companies best interest?
Explanation: According to his theory, that shareholders are like the shareholders fo the company. A company must make profit and pay attention to its shareholders as they are the strength of the company. Without shareholders, a company cannot stand for long.
What is normative stakeholder theory?
The guiding principle of normative stakeholder theory is that all stakeholders have intrinsic moral worth or value. The intrinsic worth of something can be thought of as the value that a being has “in itself” and without relation to the value that a being brings about for others.
Which of the following would most effectively at as the primary objective of a business Organisation?
Answer» b. To make a profit.
What is the goal of corporate governance and business ethics education?
The goal of corporate governance and business ethics education is to:(A) Teach students their professional accountability and to uphold their personal Integrity to society. (B) Change the way in which ethics is taught to students.
What do you mean by Corporate Social Responsibility Mcq?
What do we mean by Corporate Social Responsibility? The responsibility of an organisation to use its resources solely to increase profits. The responsibility of an organisation to fulfil its economic, social and environmental obligations to all of its stakeholders.
Stakeholder Theory
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Who proposed stakeholder theory?
Stakeholder theory was first described by Dr. F. Edward Freeman, a professor at the University of Virginia, in his landmark book, “Strategic Management: A Stakeholder Approach.” It suggests that shareholders are merely one of many stakeholders in a company.
Why according to stakeholder theory is it in companies Mcq?
Why, according to stakeholder theory, is it in companies’ best interests to pay attention to their stakeholders? a) If firms only act in their own self-interest employees may feel exploited. b) If firms only act in their own self-interest government might put more regulation on them.
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