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Unformatted text preview: Stakeholders 19/02/2008 08:04:00 *case problem on exam will PROBABLY be about stakeholders What is a stakeholder ? Somebody who has some concern about a decision in the company and is impacted by the company. Individuals and groups with a multitude of interests, expectations, and demands as to what business should providpe to society. Are all stakeholders created equal? What are the three ways you could categorize someones stake in an undertaking? A stake is an interest or share in an undertaking and can be categorized as: o An interest o A right Legal right Moral right o Ownership Provide an example of Ownership ? Moving production to an offshore company Someone with legal title to an asset of property this is what were talking about when were talking about ownership stake What is an example of a right ? Legal (due process, Bill of Rights, etc.) Moral (fairness, justice, equity, etc.) o Is this fair to my workers? o Moving to a country where they use child labor Provide an example of an interest ? Someone affected by a decision o An employee has an interest because the employee is affected by the decision Stakeholder : An individual who possesses a stake in a business What are the 5 Generic Stakeholder Groups...
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This note was uploaded on 05/03/2008 for the course BUS 101 taught by Professor Rollins during the Spring '08 term at Miami University.
- Spring '08