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The external stakeholders are clients

Understanding the varying levels of importance that a firm might attach to its different stakeholders based on their power, legitimacy, and urgency.

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Added on  2022-09-18

The external stakeholders are clients

Understanding the varying levels of importance that a firm might attach to its different stakeholders based on their power, legitimacy, and urgency.

   Added on 2022-09-18

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Running head: MANAGING FOR SUSTAINABILITY 1
Managing for Sustainability
Name
Institution
The external stakeholders are clients_1
MANAGING FOR SUSTAINABILITY 2
Managing for Sustainability
In the Mitchell et al Typology Model, stakeholder is defined as an individual or groups of
individuals who are key in an organization. However, to shed light on the roles and significance
of stakeholders in an organization, the model used the concepts of power, legitimacy, and
urgency. Thus, the model grouped the stakeholders into various categories- dormant
stakeholders, definitive stakeholders, dependent stakeholders, dangerous stakeholders, dominant
stakeholders, demanding stakeholders, and discretionary stakeholders (Pinheiro, 2015). There are
stakeholders here enjoy power, legitimacy, and urgency.
Figure 1: The Stakeholder Map
Metropolitan Inc. is an example of an established organization (Ferretti, 2016). The
company’s internal stakeholders are shareholders and employees. The external stakeholders are
The external stakeholders are clients_2

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