Stakeholder Theory in Strategic Management

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Questions and Answers

Who defined stakeholders as any group or individual who can affect or is affected by the achievement of a corporation's purpose?

  • Unknown Author
  • Freeman (correct)
  • Carlos Desmet
  • John Doe

What is the primary role of management according to stakeholder theory?

  • Agents of shareholders (correct)
  • Agents of stakeholders
  • Agents of the government
  • Agents of the corporation

What is an example of a stakeholder incident?

  • Amazon's data breach
  • British Petroleum and the Deepwater Horizon oil spill (correct)
  • Exxon's oil spill in Alaska
  • Apple's product recall

How many CEOs signed a statement committing their companies to delivering value to all stakeholders, not just shareholders?

<p>181 (D)</p> Signup and view all the answers

What is the main idea behind stakeholder theory?

<p>Considering the interests of all stakeholders (B)</p> Signup and view all the answers

What is the name of the oil rig that was involved in a disposal controversy?

<p>Brent Spar (A)</p> Signup and view all the answers

What is the key to successful transactions with stakeholders according to the stakeholder philosophy?

<p>Understanding the legitimacy of stakeholders and the currency with which they are paid (D)</p> Signup and view all the answers

What is the 'Principle of Who and What Really Counts' based on?

<p>Three assumptions, including manager perceptions and stakeholder attributes (C)</p> Signup and view all the answers

What is a characteristic of organizations with high Stakeholder Management Capabilities?

<p>They think in 'stakeholder-serving' terms (A)</p> Signup and view all the answers

What can occur when there is a lack of 'fit' between an organization's transactions and its processes and stakeholder mapping?

<p>Inconsistent messages being given to employee-stakeholders (C)</p> Signup and view all the answers

What is the main idea behind the stakeholder philosophy?

<p>An organization must voluntarily seek to satisfy key stakeholders (D)</p> Signup and view all the answers

What are the three attributes that can be used to identify various classes of stakeholders?

<p>Power, legitimacy, and urgency (A)</p> Signup and view all the answers

What is stakeholder management according to the Stakeholder Framework?

<p>The process of managing an organisation's relationships with its stakeholders (D)</p> Signup and view all the answers

What are the three levels of analysis that enhance an organisation's stakeholder management capability?

<p>Analytical, Process, and Transactional perspectives (B)</p> Signup and view all the answers

What is the purpose of creating a stakeholder map?

<p>To identify specific groups and their 'stake' and 'power' (A)</p> Signup and view all the answers

Which of the following is NOT a stakeholder group?

<p>Competitors (B)</p> Signup and view all the answers

What is the purpose of the Transactional perspective in stakeholder management?

<p>To examine transactions and negotiations with stakeholders (C)</p> Signup and view all the answers

What is the focus of the Rational Level in stakeholder management?

<p>Identifying stakeholder groups and their power (B)</p> Signup and view all the answers

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