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Stakeholder Theory Assignment

   

Added on  2021-04-17

4 Pages745 Words165 Views
Running Head: STAKEHOLDER THEORY 1Managing for Sustainability<Student ID><Student Name><University Name>

STAKEHOLDER THEORY 2The stakeholder theory by Edward Freeman states that an organization must create value forall of its stakeholders and not just its shareholders (Freeman, 1994). The stakeholder map of AppleInc. organization has been designed by referring his definition of stakeholder theory. According tohim, great companies are the ones that align the interest of its stakeholders with that of theorganization. InterestGroupStakeholderNamePerspectives /InterestsPrioritiesEngagement levelengageinformmonitorPrimaryCustomersHigh-quality products and servicesHighNeed for engagement-Need for monitoringPrimaryEmployeesHealthy work environment and scope to develop as professionalsHighNeed for engagement-Need for monitoringPrimaryGovernmentEnsure Apple creates value forthe communityHigh-Need for informing-PrimaryInvestorsEarn healthy financial returnsHigh-Need for informing-SecondaryEnvironmentalbodiesMake sure Apple's operations do not have an adverse impact on the operational environment Substantial-Need for informingNeed for monitoringPrimaryLocal CommunityHigh-quality products and services is offered SubstantialNeed for engagementNeed for informing-PrimarySuppliers and DistributorsExpect proper compensation for quality suppliesHigh-Need for informingNeed for monitoringSecondaryCompetitorsEnsure uniqueness of offeringsLimited--Need for monitoringSecondaryCustomer Advocate GroupsEnsure that Apple's goals and objectives are aligned withHighNeed for engagingNeed for informing-

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