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STAKEHOLDER, FIRM - Coggle Diagram
STAKEHOLDER
Anyone with a
vested interest
in the firm's operations
customers
government
stockholders
local communities
suppliers
society
employees
stakeholder theory
Dodd
employees
customers
community
shareholders
Friedman
high profit (investors as the only relevant stakeholder)
Berle
focus on shareholders
Freeman
stakeholders --- can impact / be impacted by the actions of the firm
4 roles (impact on firm)
experience
evaluate
expectations
act
Which stakeholders are more important ?
Legitimacy
(legally abiding)
Urgency
(crisis activities which must be resolved within a set time frame)
Power
(firm & stakeholder can exercise power over each other)
Stakeholder communications
Triple bottom line reporting
environmental reports
social reports
financial reports
Stakeholder model
FIRM
customers
Suppliers
Investors
Employees
Trade associations
Government
political groups
communities