01c MGT 353 Chap 1

Networks that involve many groups with such a stake 1

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Unformatted text preview: d in networks that involve many groups with such a stake 1-12 The Stakeholder Concept: A Tip for Understanding Term stakeholder is NOT the same as stockholder Words sound similar BUT are not the same Stockholders are one of several kinds of stakeholders 1-13 Different Kinds of Stakeholders Stakeholder groups can be divided into two categories: Market stakeholders Nonmarket stakeholders 1-14 MD2 Market Stakeholders Market stakeholders are those that engage in economic transactions with the company as it carries out its primary purpose of providing society with goods and services 1-15 Slide 15 MD2 Moved slide up to precede Figure 1.2 Michael DeMasi, 7/30/2012 MD3 Nonmarket Stakeholders Nonmarket stakeholders are people or groups who—although they do not engage in direct economic exchange with the firm—are affected by or can affect its actions 1-16 Slide 16 MD3 Moved slide up to precede Figure 1.2 Michael DeMasi, 7/30/2012 Further Distinction Internal stakeholders are those, such as employees and managers, who are employed by the firm They are “inside” the firm, in the sense that they contribute their effort and skill, usually at a company worksite External stakeholders are those who—although they may have important transactions with the firm—are not directly employed by it 1-17 Figure 1.2 The...
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This document was uploaded on 03/05/2014.

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