Class Notes (839,483)
Canada (511,363)
MNGT 3710 (6)
Lecture 4

MNGT 3710 Lecture 4: Chapter 4

3 Pages

Course Code
MNGT 3710
Adina Gray

This preview shows page 1. Sign up to view the full 3 pages of the document.
Chapter 4 Stakeholder Engagement: efforts by a corporation to understand and involve relevant individuals, groups, or organizations by considering their moral concerns in strategic and operational initiatives. Involves 3 levels: (Freeman stakeholder mngt capability) 1. Rational = preparing a stakeholder map and identifying their stakes/claims 2. Process = develop an organizational process to deal with the stakeholders 3. Transactional = involves direct contact with the stakeholders. Assign people who are best suited for this job Salience- degree to which priority given to competing stakeholders Power- ability to get firm to do something that it would not otherwise do based on force, threat, incentives, etc. Legitimacy- Perception or assumption that actions of firm are desirable, proper, or appropriate Urgency- degree to which stakeholder’s claim or relationship calls for immediate attention Examples of Stakeholder Types: - Latent stakeholders: Managers may not recognize their existence (have one attribute) - Expectant stakeholders: Require more attention from managers (have two attributes) - Definitive stakeholders: Management must address the claims of these stakeholders immediately (have three attributes) - Non-stakeholders (have no attributes) Type 1: Supportive stakeholder and strategy (i.e., involve) Type 2: The marginal stakeholder and strategy (i.e., monitor) Type 3: The non-supportive stakeholder
More Less
Unlock Document

Only page 1 are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.