*What is a stakeholder?
*How does your business define stakeholder?
*Identify your stakeholders and what makes them stakeholders in your business:
- The employee
- The supplier
- The customers
- The government
- The local community and society
Hopefully this gives you a good example. I am a professor for an online for-profit university. I will use this in the example.
What is a stakeholder? A stakeholder is anyone that has a "stake" in the success or failure of a business. This is anyone who is genuinely interested in making sure that the company is successful.
My university defines stakeholders in a similar manner to the definition above, however, they put the most emphasis on the student. We have a motto here that is "students first," and this is a priority that all professors must follow.
Identify your stakeholders and what makes them stakeholders in your business:
-The employee - even contract employees are given opportunities for tuition reimbursement and health insurance benefits after being with the company; we are also given ...
The solution discusses ethics questions on stakeholders.
Business and Professional Ethics
Is the 5-question approach to ethical decision making superior to the moral standards or Pastin approach?
In what circumstances would each approach to stakeholder impact analysis (moral standards, 5-question, and Pastin's approach) be most useful?
Generalize about the approaches and describe when each would be most or least useful.View Full Posting Details