According to Freeman, the process an organization uses to manage relationships with its stakeholder groups involves three levels. What are they?
What will be an ideal response?
According to Freeman, the process an organization uses to manage relationships with its stakeholder
groups involves three levels:
(1) identifying the organization's stakeholders and their perceived stakes according to the rational
perspective;
(2) determining the organizational processes used to manage relationships with stakeholders and fitting
these processes with the stakeholder map of the organization; and
(3) understanding the set of transactions or bargains between the organization and its stakeholders and
deciding whether these negotiations fit the map and the processes.
You might also like to view...
How did Franklin Roosevelt’s establishment of the minimum wage fit with Adam Smith’s economic philosophy?
a. It satisfied Smith’s argument for a livable wage for every full-time worker. b. It violated Smith’s argument for government nonintervention in the economy. c. It violated Smith’s argument that businesses should obey the law and seek profits and nothing else. d. It satisfied Smith’s argument that governments should seek to regulate businesses to force ethical behavior in all ways possible.
Explain why a company's largest customers may NOT be its most profitable customers
What will be an ideal response?
Which of the following is the fourth step of the performance success cycle?
a. assess b. talk c. think d. coach
The extent to which a firm adjusts net income for changes in noncurrent assets and noncurrent liabilities in deriving cash flow from operations under the indirect method depends on the nature of its operations. Service firms will likely show a small amount of
a. subtraction from net income for capital expenditures. b. addback to net income for capital expenditures. c. subtraction from net income for depreciation expense. d. addback to net income for depreciation expense. e. addback to retained earnings for depreciation expense.