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Summary Stakeholder Theory and CSR

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This summary explains Stakeholder Theory and its challenges, providing how Stakeholder Theory is linked to Corporate Social Responsibility. It also provides an overview of how to implement a stakeholder perspective in the corporate environment and points to relevant case studies and further theory aspects.

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Stakeholder
Theory
Stakeholder T the existence of stakeholders and
how the
complexity
heory recognises
range
of stakeholders is relevant to
ane
,




organisation . A stakeholder does not
simply exist but makes demands
of it , and there is a need to balance the
potentially conflicting interests
of
diverse of stakeholders
a .

This philosophy focuses on values and beliefs about the appropriate

relationships between the individual the enterprise and the state . , ,


Those depend on an
organisation's size and activities .




Stakeholder Differences


Direct Indirect
Claims made
·


by
those with
·
Claims made by those who
their own 'voice' are 'voiceless'
Raises problems of
Claims
usually unambiguous
·
·




·
Claims often made directly interpretation
between the stakeholder ·
Unable to express their
to the
and the
organisation claim directly
organisation (must be
interpreted by someone else)



Examples
Stakeholders : Future of Voiceless
generations ,
the natural
, individual customers of a very large
environment
organisation ,
being remote
le producer groups in distant countries
Tucker's 5
Questions
Stakeholder Challenges
Engagement
Stakeholder
·




Stakeholder theory assumes the core friction is that good performance
of companies depends the contributions of different parties and
on
many ,

it's difficult to
align interests of stakeholders as well as
primary
satisfying the needs of
secondary stakeholders Strive to
. for the
goal
protect the
company's long term interests
.

Plus ,
it is important to not underestimate the power/influence of
indirect/secondary stakeholders /as per Mendelow's Matrix for example)
,


as well as the role of internet/social media to increase influence ,
exert

power/pressure

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Uploaded on
January 24, 2024
Number of pages
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Written in
2023/2024
Type
SUMMARY

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