A stakeholder is a party that has an interest in an organization, and can either influence or be influenced by the business. The primary stakeholders in a typical corporation are its investors, employees, managers, suppliers and customers. Nevertheless, the idea incorporated with the modern theory goes further than this original notion in including additional stakeholders such as a community, government or trade association. Show As per corporate social obligations majority of the organizations are especially concerned about stakeholder values rather than shareholder values. Because of this, stakeholder objectives such as better working conditions, salaries to employees, sponsorships and donations to the customers and potential customers, paying …show more content…Shareholders: When operating ethically shareholders would like to maximise their return on investment. They would likewise need to guarantee that supervisors are behaving ethically and not risking investors’ capital by engaging in actions that could hurt the company’s reputation. Shareholder’s may not be happier as the return on investments would be lower when a business attends to operate ethically but it is possible to persuade them by clarifying the long haul results of the business. Customers: They are the most critical stakeholder for a business. Customers would need new better quality items at sensible prices. Therefore, when operating ethically it’s the company’s obligation to work hard to increase efficiency and effectiveness in order to create loyal customers and attract new ones. Suppliers and Distributors: When operating Ethically it’s the company’s obligation to pay suppliers fairly and promptly for their inputs. Distributors on the other hand would want to receive quality products at agreed-upon …show more content…* Supplier benefits versus consumer prices/lower costs. * Survival of the business verses needs of stakeholders. Power to Act Effects 1.Consider a situation in which people are faced with two opposing decisions: one could possibly goagainst people's self-interest, but may help a person or group; or one could possibly hurtsomeone, while helping oneself. This is called an ethical Get answer to your question and much more 2.What must society do first in order to punish undesired behavior? Get answer to your question and much more 3.What would be an accurate statement regarding ethics and legality? Get answer to your question and much more 4.A company's employees, customers, stockholders, suppliers, and distributors are considered thecompany's ______. Get answer to your question and much more 5.True or false. Stockholders buy shares of companies and thereby become owners. Get answer to your question and much more 6.The quandary people find themselves in when they have to decide if they should act in a way thatmight help another person or group even though doing so might go against their own self-interestdefines a(n) ______ dilemma. Get answer to your question and much more 7.What three company resources are managers responsible for in order to increase performanceand, as a result, the company's stock price? Get answer to your question and much more 8.To enforce their views of right or wrong behavior, different groups in society lobby for ______. Get answer to your question and much more 9.True or false: Making a decision concerning which stakeholder group's rights and expectationsshould be emphasized does not create an ethical dilemma for managers. Get answer to your question and much more 10.True or false: A specific behavior that is deemed illegal is not necessarily unethical. Get answer to your question and much more 11.Which of the following best describes the managers' primary concern as a stakeholder group? Get answer to your question and much more 12.Which stakeholders have a claim on and a stake in a company because of the productiveresources they provide? (Choose all that apply.) Get answer to your question and much more 13.Some non-profit organizations pay their top executives ______ per year, despite arguments thatthe compensation is excessive because it is a non-profit organization. Get answer to your question and much more 14.The stakeholder group responsible for choosing the strategic goals that the company shouldpursue in order to benefit all of the company's stakeholders is the ______. Get answer to your question and much more 15.While managers may want to treat all stakeholders equally, in reality, they need to prioritize thetreatment of the various stakeholder groups which may create an ethical _____________ formanagers Get answer to your question and much more 16.True or false: To be fair and equitable towards their employees, companies must create anorganizational structure that rewards them for their contributions. Get answer to your question and much more 17.The issue of fair compensation for top managers is problematic in ______. Get answer to your question and much more 18.Managers and employees must work to increase _____ in order to create loyal customers andattract new ones. Get answer to your question and much more 19.What is the rule in which ethical decisions are made in order to spread the greatest good for thegreatest number of people? Are distributors considered external stakeholders?A distributor is a person or an organization that helps another company sell its goods and services to customers. Distributors are considered external stakeholders.
Who are considered internal stakeholders of a company quizlet?Internal stakeholders = members of the organisation. E.g. employees, managers and directors, shareholders. External stakeholders = not part of the business but have a direct interest or involvement in the organisation. E.g. customers, suppliers, pressure groups.
Who among the following are internal stakeholders?Internal (primary) stakeholders
A company's employees, managers and board of directors make up a business's internal stakeholders.
Which stakeholder group includes a network of relationships that supply?Suppliers & Distributors: every company is in a network of relationships with other companies that supply it with the inputs that it needs to operate.
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