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In-class notes - Stakeholders What is a stakeholder 9:04:00...

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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 someone’s “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 we’re talking about when we’re  talking about ownership stake What is an example of a  right ?
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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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