A corporate stakeholder can affect or be affected
Post# of 39368
Posted On: 11/05/2014 7:26:24 PM
Re: 85mph Limit #29553
A corporate stakeholder can affect or be affected by the actions of a business as a whole. The stakeholder concept was first used in a 1963 internal memorandum at the Stanford Research Institute.
It defined stakeholders as "those groups without whose support the organization would cease to exist."[1] The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR).
Applications of the term
Examples of a company's stakeholders
Stakeholders: Stakeholder's concerns:[2]
Government taxation, VAT, legislation, employment, truthful reporting, diversity, legalities, externalities.
Employees rates of pay, job security, compensation, respect, truthful communication.
Customers value, quality, customer care, ethical products.
Suppliers providers of products and services used in the end product for the customer, equitable business opportunities.
Creditors credit score, new contracts, liquidity.
Community jobs, involvement, environmental protection, shares, truthful communication.
Trade Unions quality, worker protection, jobs.
Owner(s) profitability, longevity, market share, market standing, succession planning, raising capital, growth, social goals.
Investors return on investment, income.
Company stakeholder mapping
A narrow mapping of a company's stakeholders might identify the following stakeholders:[citation needed]
Employees
Communities
Shareholders
Creditors
Investors
Government
Customers
Owners
Financiers
Managers
A broader mapping of a company's stakeholders may also include:[citation needed]
Suppliers
Labor unions
Government regulatory agencies
Government legislative bodies
Government tax-collecting agencies
Industry trade groups
Professional associations
NGOs and other advocacy groups
Prospective employees
Prospective customers
Local communities
National communities
Public at Large (Global Community)
Competitors
Schools
Future generations
Analysts and Media
Alumni (Ex-employees)
Research centers
It defined stakeholders as "those groups without whose support the organization would cease to exist."[1] The theory was later developed and championed by R. Edward Freeman in the 1980s. Since then it has gained wide acceptance in business practice and in theorizing relating to strategic management, corporate governance, business purpose and corporate social responsibility (CSR).
Applications of the term
Examples of a company's stakeholders
Stakeholders: Stakeholder's concerns:[2]
Government taxation, VAT, legislation, employment, truthful reporting, diversity, legalities, externalities.
Employees rates of pay, job security, compensation, respect, truthful communication.
Customers value, quality, customer care, ethical products.
Suppliers providers of products and services used in the end product for the customer, equitable business opportunities.
Creditors credit score, new contracts, liquidity.
Community jobs, involvement, environmental protection, shares, truthful communication.
Trade Unions quality, worker protection, jobs.
Owner(s) profitability, longevity, market share, market standing, succession planning, raising capital, growth, social goals.
Investors return on investment, income.
Company stakeholder mapping
A narrow mapping of a company's stakeholders might identify the following stakeholders:[citation needed]
Employees
Communities
Shareholders
Creditors
Investors
Government
Customers
Owners
Financiers
Managers
A broader mapping of a company's stakeholders may also include:[citation needed]
Suppliers
Labor unions
Government regulatory agencies
Government legislative bodies
Government tax-collecting agencies
Industry trade groups
Professional associations
NGOs and other advocacy groups
Prospective employees
Prospective customers
Local communities
National communities
Public at Large (Global Community)
Competitors
Schools
Future generations
Analysts and Media
Alumni (Ex-employees)
Research centers
(0)
(0)