Stakeholder Theory and Managerial Assumptions Quiz

Stakeholder theory focuses on the groups or individuals who ______ or are affected by the achievement of a company´s objectives.

Governance in Stakeholders Theory should consider the interests of all ______, not just shareholders.

The stakeholder theory suggests that organizations should be responsible to a range of groups in society beyond just the organization’s owners or ______.

Cooperatives are organized to benefit stakeholders and members while contributing to the Sustainable Development Goals ______.

In capital firms, there have not been significant differences in terms of workers and the ______.

Stakeholder theory addresses morals and values in managing an organization, including those related to corporate social responsibility, market economy, and social ______ theory.

Social and Solidarity Economy organisations are community-oriented by design, limiting financial return on capital and following rules for the allocation of ______

In non-profit organizations, there is a distinction between stakeholders who have control (‘dominant category’) and those who enjoy the ______

Ownership rights in social economy organizations can be split and shared among different categories of ______

When both control and benefits are held by the same stakeholder in an organization, it aims at fulfilling the ‘mutual ______'

Separation of ownership rights in many associations demonstrates the primacy of general interest over members’ financial ______

In Social and Solidarity Economy organizations, there is a limitation on financial return on capital and rules for the allocation of ______

The STOW framework is a two per two matrix Stakeholder Analysis. A stakeholder is every person or group who can influence the outcome of the business/project or is involved in the outcomes of the business/project, they can be members, consumers, workers, financers, competitors, banks, trade-unions, non members,…They may have different views on how to operate your business. Why is it important to conduct a stakeholder analysis? 1.To identify those persons, groups and institutions which may have an effect on the project. 2.To predetermine what kind of effect (negative, positive, or neutral) these groups will have on the project. Session 7: Measuring Performance in Social Economy Organisations: Measuring and Evaluating the Impacts Performance: The goal to approach something in long term relation How ______ performance: by the generation of high financial returns. Goal for managers in performance: allocate the business resources to maximise profits. “The social responsibility of business is to increase its profits” – Friedman 1970 New York Times Spending the shareholders' capital for another purpose = not in the shareholders interest. If shareholders have other interests they can spend their financial returns, if they don’t want to maximize profits they can go for charity. The cost to correct negative externalities is higher than the cost of not generating these externalities. Why ______ performance in SE organisations?

The STOW framework is a two per two matrix Stakeholder Analysis. A ______ is every person or group who can influence the outcome of the business/project or is involved in the outcomes of the business/project, they can be members, consumers, workers, financers, competitors, banks, trade-unions, non members,…They may have different views on how to operate your business. Why is it important to conduct a ______ analysis? 1.To identify those persons, groups and institutions which may have an effect on the project. 2.To predetermine what kind of effect (negative, positive, or neutral) these groups will have on the project. Session 7: Measuring Performance in Social Economy Organisations: Measuring and Evaluating the Impacts Performance: The goal to approach something in long term relation How measure performance: by the generation of high financial returns. Goal for managers in performance: allocate the business resources to maximise profits. “The social responsibility of business is to increase its profits” – Friedman 1970 New York Times Spending the shareholders' capital for another purpose = not in the shareholders interest. If shareholders have other interests they can spend their financial returns, if they don’t want to maximize profits they can go for charity. The cost to correct negative externalities is higher than the cost of not generating these externalities. Why measure performance in SE organisations?

The STOW framework is a two per two matrix Stakeholder Analysis. A stakeholder is every person or group who can influence the outcome of the ______/project or is involved in the outcomes of the ______/project, they can be members, consumers, workers, financers, competitors, banks, trade-unions, non members,…They may have different views on how to operate your ______. Why is it important to conduct a stakeholder analysis? 1.To identify those persons, groups and institutions which may have an effect on the project. 2.To predetermine what kind of effect (negative, positive, or neutral) these groups will have on the project. Session 7: Measuring Performance in Social Economy Organisations: Measuring and Evaluating the Impacts Performance: The goal to approach something in long term relation How measure performance: by the generation of high financial returns. Goal for managers in performance: allocate the ______ resources to maximise profits. “The social responsibility of ______ is to increase its profits” – Friedman 1970 New York Times Spending the shareholders' capital for another purpose = not in the shareholders interest. If shareholders have other interests they can spend their financial returns, if they don’t want to maximize profits they can go for charity. The cost to correct negative externalities is higher than the cost of not generating these externalities. Why measure performance in SE organisations?

The STOW framework is a two per two matrix Stakeholder Analysis. A stakeholder is every person or group who can influence the outcome of the business/project or is involved in the outcomes of the business/project, they can be members, consumers, workers, financers, competitors, banks, trade-unions, non members,…They may have different views on how to operate your business. Why is it important to conduct a stakeholder analysis? 1.To identify those persons, groups and institutions which may have an effect on the project. 2.To predetermine what kind of effect (negative, positive, or neutral) these groups will have on the project. Session 7: Measuring Performance in Social Economy Organisations: Measuring and Evaluating the Impacts Performance: The goal to approach something in long term relation How measure performance: by the generation of high financial returns. Goal for managers in performance: allocate the business resources to maximise ______. “The social responsibility of business is to increase its ______” – Friedman 1970 New York Times Spending the shareholders' capital for another purpose = not in the shareholders interest. If shareholders have other interests they can spend their financial returns, if they don’t want to maximize ______ they can go for charity. The cost to correct negative externalities is higher than the cost of not generating these externalities. Why measure performance in SE organisations?

The STOW framework is a two per two matrix Stakeholder Analysis. A stakeholder is every person or group who can influence the outcome of the business/project or is involved in the outcomes of the business/project, they can be members, consumers, workers, financers, competitors, banks, trade-unions, non members,…They may have different views on how to operate your business. Why is it important to conduct a stakeholder analysis? 1.To identify those persons, groups and institutions which may have an effect on the project. 2.To predetermine what kind of effect (negative, positive, or neutral) these groups will have on the project. Session 7: Measuring Performance in Social Economy Organisations: Measuring and Evaluating the Impacts Performance: The goal to approach something in long term relation How measure performance: by the generation of high financial returns. Goal for managers in performance: allocate the business resources to maximise profits. “The ______ responsibility of business is to increase its profits” – Friedman 1970 New York Times Spending the shareholders' capital for another purpose = not in the shareholders interest. If shareholders have other interests they can spend their financial returns, if they don’t want to maximize profits they can go for charity. The cost to correct negative externalities is higher than the cost of not generating these externalities. Why measure performance in SE organisations?

The STOW framework is a two per two matrix Stakeholder Analysis. A stakeholder is every person or group who can influence the outcome of the business/project or is involved in the outcomes of the business/project, they can be members, consumers, workers, financers, competitors, banks, trade-unions, non members,…They may have different views on how to operate your business. Why is it important to conduct a stakeholder analysis? 1.To identify those persons, groups and institutions which may have an effect on the project. 2.To predetermine what kind of effect (negative, positive, or neutral) these groups will have on the project. Session 7: Measuring Performance in Social Economy Organisations: Measuring and Evaluating the Impacts Performance: The goal to approach something in long term relation How measure performance: by the generation of high financial returns. Goal for managers in performance: allocate the business resources to maximise profits. “The social responsibility of business is to increase its profits” – Friedman 1970 New York Times Spending the shareholders' capital for another purpose = not in the shareholders ______. If shareholders have other ______s they can spend their financial returns, if they don’t want to maximize profits they can go for charity. The cost to correct negative externalities is higher than the cost of not generating these externalities. Why measure performance in SE organisations?