Is shareholder value the only proper concern for corporate management? Should the interests of other stakeholders (employees, customers, community, etc.) be considered independently or only to the extent necessary to enhance the long-term interests of the shareholders?© BrainMass Inc. brainmass.com June 3, 2020, 8:35 pm ad1c9bdddf
Stakeholders are those parties who are interested in the organization. They make up the environment of an organization. They include all the stakeholders; within their "family" of employees, customers, vendors , with communities, governments, lenders, investors, and the media. Stakeholders want organizations to pursue goals that are important to them but not necessarily to the organization--such as jobs for workers, safe products, less pollution, and a safe community. Thus they attempt to influence the missions and goals of these ...
This explains briefly the long term objectives of the organization in relation to the stakeholders.