BUS 101 1st Edition Lecture 25Outline of Previous Lecture- Section 24: Stakeholder Overview Implementing stakeholder theorieso All stakeholders are connectedo Company value Outline of Current Lecture - Section 25: Final Review Clicker quiz reviewo Early semester quizzes- Section 25: Final Review Clicker quiz reviewo Early semester quizzes Freeman’s stakeholder theory was foreshadowed by - Gov. regulations Hasek represents which position- Liaise faire Stakeholder theory assumes that profit- Is still the most important thing- Necessary because you cannot do anything in business without profits; primacy v exclusivity Primary stakeholder affected by big fat liability- Customers and investors Government and management are not stakeholders, even though they are involved in stakeholder theory- Management agent for investors- Government agent for those without leverage, achieves this through regulation Primary relationship of business and customers is - Contractual and regulatory When CSR first appeared, it was perceived as - Public relations ploy Traditionally, CSR relates to _____ and ethics to _____- External stakeholders and internal stakeholders Most important concepts in ethical/ CSR for the company is These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.- Shared values - If people’s vision isn’t aligned with business, will not be as productive as they could be Ethics in company is determined by - Senior management, board of directors, and top
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