Stakeholder Theory in Strategic Management

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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?

181 Signup and view all the answers

What is the main idea behind stakeholder theory?

Considering the interests of all stakeholders Signup and view all the answers

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

Brent Spar Signup and view all the answers

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

Understanding the legitimacy of stakeholders and the currency with which they are paid Signup and view all the answers

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

Three assumptions, including manager perceptions and stakeholder attributes Signup and view all the answers

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

They think in 'stakeholder-serving' terms 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?

Inconsistent messages being given to employee-stakeholders Signup and view all the answers

What is the main idea behind the stakeholder philosophy?

An organization must voluntarily seek to satisfy key stakeholders Signup and view all the answers

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

Power, legitimacy, and urgency Signup and view all the answers

What is stakeholder management according to the Stakeholder Framework?

The process of managing an organisation's relationships with its stakeholders Signup and view all the answers

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

Analytical, Process, and Transactional perspectives Signup and view all the answers

What is the purpose of creating a stakeholder map?

To identify specific groups and their 'stake' and 'power' Signup and view all the answers

Which of the following is NOT a stakeholder group?

Competitors Signup and view all the answers

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

To examine transactions and negotiations with stakeholders Signup and view all the answers

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

Identifying stakeholder groups and their power Signup and view all the answers