■If a stakeholder has all three attributes
●Pay attention to this stakeholder
■Has only power
■An employee that has been fired or laid off.
●Speak out against the firm.
■Have only one attribute
○Stakeholder matrices are ways to classify stakeholder
power, and importance to the company.
○Efforts by a corporation to understand and involve
relevant individuals, groups, or organizations by
considering their moral concerns in strategic and
○An integral aspect of a corporation’s social
■Creating Value for all stakeholders and an
honest, open, and respectful engagement of
stakeholders vital to corporate strategy.
■Create A Foundation
■Build a strategy
■Repeat the process.
■Any aspect of a corporation's organizational
arrangement that creates value and facilitates
the actions of stakeholders within and external
to the corporation.
■Created when relations between stakeholders
and corporations change in a way that
facilitates increased understanding,
cooperation, and coordination.
○There are lots of benefits of being a good corporate
citizen such as public trust, economic growth, and
easier to be forgiven based in initiatives to improve
quality of business and ethics.
●Crisis: A turning point, a crucial time, and a situation that has
reached a critical point.
○An approach involving planning and removing much of