questiona stakeholder in an organization is any


QUESTION

"A stakeholder in an organization is any group or individual who can affect or is affected by, the achievement of the organization's objectives" (Freeman 1948:46)

(a) According to the stakeholder view of the firm, towards which groups do organisations have a social responsibility?

(b) Explain the two main arguments given by the Stakeholder theory as to why these groups also have a legitimate claim on the corporation.

(c) What are the implications with regards to the role of managers?

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