Mitchell, Agle & Wood, 1997
3 important questions on Mitchell, Agle & Wood, 1997
What does salience, in terms of Stakeholder Salience, mean?
The degree to which a firm positively responds to a specific stakeholder request.
What do Mitchell, Agle & Wood (1997) argue in their article?
We need a theory of stakeholder salience that can explain (1) to whom and (2) to what managers actually pay attention to.
What does the Theory of Stakeholder Salience mean, as argued by this paper?
To achieve certain ends, or because of perceptual factors, managers do pay certain kinds of attention to certain kinds of stakeholders. It is important to know what types of stakeholders actually exist, which our identification typology facilitates, and why managers respond to them the way they do, which our notion of salience clarifies.
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