SOC 1101 Lecture Notes - Lecture 5: Ed Freeman, Stakeholder Theory, Stakeholder Management
11 Dec 2017
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Learning objectives: introduce the stakeholder concept, conduct a basis stakeholder analysis, understand importance of stakeholder collaboration. What is a stakeholder (invented by ed freeman) the. Stakeholders: an individual, or group, who can influence andor is influenced by. To manage effectively, then you must take you stakeholders into account in a systematic fashion . You can"t look at anyone stakeholder in isolation- interest has to go together. Managers must look at how customers, financiers, stakeholders, suppliers, communities, etc, go in the same directions. Recognizing business as just one institution in society. Pluralistic society: is one where influence or power is decentralized by dispersing it among a variety of institutions. No one institution is completely independent of others, but each institution does possess some autonomy to pursue its own interests. Owners: directors, employees, customers or consumers, lenders and creditors, suppliers, service professionals, dealers, distributors, and. Franchisees: business organizations, competitors, joint-venture participants, non-governmental.
