ADMS 3660 Chapter Notes - Chapter 3: Corporate Social Responsibility, Stakeholder Management, Animal Welfare
19 Jan 2015
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Chapter 3: stakeholder approach to business, society, and ethics. Stakeholder concept has become a central idea in understanding business and society relationships. Term stakeholder is a variant of the more familiar and traditional idea of stockholders or. Shareholders - the investors in or owners of business. Shareholders are just one group of many legitimate stakeholders that business and organizations must address today to be effective. Stakeholders: individuals and groups with a multitude of interest, expectations, and demands as to what business should provide to society. Stake: is an interest or a share can be categorized as: interest, right, and ownership. A claim is an assertion to a title or right to something. A claim is demand for something due or believed to be due. Idea of stake can range from simply an interest in an undertaking at one expense to a legal claim of ownership at the other extreme.
