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Unformatted text preview: to create value for society. Market Stakeholdes – those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services. Nonmarket Stakeholders – people and groups who – although they do not engage in direct economic exchange with the firm – are affected by or can affect its actions Stakeholder interests – the nature of each group’s stake, their concerns/what they want from their relationship with the firm Stakeholder power – the ability to use resources to make an event happen or to secure a desired outcome. Stakeholder engagement – the ongoing relationship between a business and its stakeholders. Stakeholder dialogue – a business and its stakeholders come together for face-to-face conversations about issues of common concerns...
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This note was uploaded on 04/07/2008 for the course BADM 115 taught by Professor Abzug during the Fall '08 term at Ramapo.
- Fall '08