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The stakeholder model takes the approach that in order to be effective, the organization needs to take all the stakeholders of a company into account.

The approach to this can most effectively be implemented using the stakeholder focused performance management approach (SFPM). SFPM ensures that all stakeholder expectations and contributions are taken into account and measured in an effective framework using a modified balanced scorecard.

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Is the stakeholder corporation a realistic model for business firms Will stakeholder corporations become more prevalent in the twenty first century Why or why not?

hoijhl;k


Why the government is a stakeholder?

A stakeholder is someone who has an interest in a business. The government is interested in businesses as they set out the regulations and need the businesses to do well to kepp the economy healthy.


What is the difference between shareholder wealth maximisation and stakeholder wealth maximisation?

Shareholder and stakeholder in a company are the investors and company assets holder respectively. So the wealth maximization in both cases is nothing but increase in the share value for shareholder and company profitability for stakeholder.


An example of a business stakeholder is the federal government?

True


Why according to stakeholder theory it is in companies best interests to pay attention to their stakeholders?

According to stakeholder theory, companies should prioritize the interests of all stakeholders—such as employees, customers, suppliers, and the community—because doing so leads to sustainable business success. By addressing stakeholder needs, companies can foster loyalty, enhance their reputation, and mitigate risks, ultimately driving long-term profitability. Ignoring stakeholders can result in backlash, lost opportunities, and diminished trust, which can harm the company's bottom line. Therefore, a balanced approach that considers stakeholder perspectives is essential for a company's growth and stability.

Related Questions

Is the stakeholder corporation a realistic model for business firms Will stakeholder corporations become more prevalent in the twenty first century Why or why not?

hoijhl;k


Difference between customer and stakeholder?

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Components of the tourism stakeholder system?

components of the tourism stakeholder system


What is connected stakeholder?

Connected Stakeholder are directly connected with business organisations.


What is project stakeholder management?

A stakeholder - is a person who has invested money in something.


Stakeholder of mutual fund?

A stakeholder of a mutual fund is someone who has interest in it.


What are stakeholder claims?

A stakeholder is any person who affects or is affected by the activities of an organisation. A claim is the outcome that the stakeholder seeks or the outcome which would benefit the stakeholder most or harm it least


What is a non-market stakeholder?

A stakeholder that does not engage in direct economic exchange with a company, but is affected by or can affect its actions. (Also called a secondary stakeholder.) An example are NGO's.


What is a non market stakeholder?

A stakeholder that does not engage in direct economic exchange with a company, but is affected by or can affect its actions. (Also called a secondary stakeholder.) An example are NGO's.


Who are the stakeholder of the project management in Nepal?

Stakeholder are people who have an interest in company or organization's affairs.


What are the Examples of a stakeholder?

A stakeholder is an individual or group of people who have an interest in a business. Some stakeholders are stockholders, employees, customers, the community or society in which the company operates, etc. Sometimes, even the government can be a stakeholder. Anyone that has a "stake" in the company is a stakeholder basically.


Stakeholder are people or organizations that have an interest in a company?

Stakeholder are people or organizations that have bought shares in a company.