BU481 Chapter Notes - Chapter 7: The Roots, Corporate Social Responsibility, Radical Action
Document Summary
Management preference linkage not perceive the stakeholder field correctly. Reconciling stakeholder interests return on their investment the lowest possible price: extreme imbalances may exist in the short term, however in the long term, extreme. Mitchell, agle, & wood: it is the firm"s managers who determine which stakeholders are salient and therefore will receive management attention. Once can identify a firm"s stakeholders based on attributes, but managements may or may. Shareholders invest in the corporation and expect a fair, if not exceptional, Customers delight in products and services that have the desired features at. Employees want a fair, if not exceptional, wage for their efforts remains that they may act in a self- interested fashion, essentially tipping the balance. Corporate governance covers all the mechanisms that govern the managers". The need for this stems from the separation of ownership of the firm by.
