May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 23: Business and Society | 279 |
and (x) to create an environment in which workers can act in ways
consistent with their values.
THE STAKEHOLDER MODEL OF BUSINESS
If business is an important constituent of society, its manner of
interaction with other groups within the society produce outcomes
that may have positive or negative impacts on the overall growth
of the community and a nation through its impact on innumerable
stakeholders. Anyone who has a claim or stake in a fi rm is termed
a stakeholder. In a wider sense, a stakeholder will mean any indi-
vidual or group who can affect or is affected by the corporation.
Interpreted narrowly ...
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