Stakeholder Management and Communication - Stakeholder Management
6 important questions on Stakeholder Management and Communication - Stakeholder Management
What suggests the neo-classical economic theory?
What suggests the socio-economic theory?
Characteristics of the input-output model?
- Linked to neo-classical theory
- Power lies within the organization
- Other parties are dependent
- Relationship between parties and the organization is financial
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Characteristics of the stakeholder model?
- Linked to socio-economic theory
- opposite of input-output model
- all persons with interest in an organization obtain benefits
- No priority for one set of interest and benefits over another
- Relationship financial, market based etc.
What is an instrumental reason?
What are normative reasons?
- Stakeholders are persons that are identified by their interests (rights, social contacts, morality)
- There may or may not be an economic interest
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