Stakeholders & Organisations

Question 1

Stakeholders

Answer 1

Persons with an interest in the strategy and behaviour of an organisation

Question 2

Internal stakeholders

Answer 2

Directors, employees etc.

Question 3

External stakeholders

Answer 3

Customers, community etc.

Question 4

Three approaches to resolving conflict in stakeholder interests

Answer 4

1. Develop a consensus - common acceptance of the organisations aims
2. Impose dominant coalitions view
3. Recognise the different interests

Question 5

Divorce of control for ownership

Answer 5

Loss of control by shareholders over their companies

Question 6

Corporate Governance

Answer 6

Concerned with the relationship between the shareholders of a company and the directors. Used to solve the principal agent problem