MGMT 1040 Chapter Notes -Stakeholder Management, Strategic Management, Fiduciary
18 Mar 2014
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An interest ex: if a group decides to go out for dinner, each person has a stake in that decision. A claim believing something is owed to them or will be due. An individual or group that has one or more of the various kinds of stakes in the organization. Not as popular: competitors, community, media, nature, suppliers. Three views of the firm: product view of the firm. Owners thought stakeholders only those that supplied resources or bought products or services; suppliers and consumers early understanding: managerial view of the firm. When corporations grew, there was a separation of ownership from control. Businesses began to see other constituent groups were being affected as well: stakeholder view of the firm. This view includes many different individuals and groups. Have direct stake in the organization; are the most influential. May be influential; but their stake in the organization is more indirect - peta. Can become primary through the media or special-interest groups.
