The Battle Between Stakeholders and Stockholders

Business & Finance, Finance & Investing, Finance
Cover of the book The Battle Between Stakeholders and Stockholders by Maria Kimme, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Maria Kimme ISBN: 9783638350167
Publisher: GRIN Publishing Publication: February 14, 2005
Imprint: GRIN Publishing Language: English
Author: Maria Kimme
ISBN: 9783638350167
Publisher: GRIN Publishing
Publication: February 14, 2005
Imprint: GRIN Publishing
Language: English

Intermediate Diploma Thesis from the year 2001 in the subject Business economics - Investment and Finance, grade: 1.3, Maastricht University, course: 2nd year paper, 22 entries in the bibliography, language: English, abstract: When Frederick Winslow Taylor practiced his idea of scientific management, owners where the only stakeholders, who ever counted. Till way passed the two world wars, the situation did not change. Managers were obligated to pursue owners' interests, which were merely making money. Employees had to work hard and were badly compensated, consequences for the environment were not known, and customers bought what they could get. When the markets became maturated, customers started to gain bargaining power and companies had to take their interests and needs into account. Strategic marketing of goods implied advertising and customer orientation. This trend accelerated and globalization, workers' unions, environmental concern, and supplier relationships are just a few of many crucial external influences, a business has to face in today's world. As Daft (2001: 11) states 'Organizations get into trouble when they fail to pay attention to ethical issues in the blind pursuit of making money.' But how far does this attention really go? Many companies still pursue the ir only goal, namely maximizing shareholder value, and react to the needs of the other stakeholders only when great pressure is exercised. If those enterprises still survive, are stakeholders' concerns of any importance? Or to phrase it differently: Which approach should today's companies follow, the stockholder theory or the stakeholder approach? To answer this question, this paper will proceed with following sub-points. Firstly, a definition and explanation of the above mentioned theories will be provided. The stakeholder theory will be further underlined by the description of the normative grounds, which it is based on. The paper will clarify also, whether companies do have a social responsibility. The attributes, which separate stakeholders from non-stakeholders will be outlined next. Continuing, different views on those theories will be disclosed and examples for both approaches described, before the paper will end with some thoughts of mine and a conclusion.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Intermediate Diploma Thesis from the year 2001 in the subject Business economics - Investment and Finance, grade: 1.3, Maastricht University, course: 2nd year paper, 22 entries in the bibliography, language: English, abstract: When Frederick Winslow Taylor practiced his idea of scientific management, owners where the only stakeholders, who ever counted. Till way passed the two world wars, the situation did not change. Managers were obligated to pursue owners' interests, which were merely making money. Employees had to work hard and were badly compensated, consequences for the environment were not known, and customers bought what they could get. When the markets became maturated, customers started to gain bargaining power and companies had to take their interests and needs into account. Strategic marketing of goods implied advertising and customer orientation. This trend accelerated and globalization, workers' unions, environmental concern, and supplier relationships are just a few of many crucial external influences, a business has to face in today's world. As Daft (2001: 11) states 'Organizations get into trouble when they fail to pay attention to ethical issues in the blind pursuit of making money.' But how far does this attention really go? Many companies still pursue the ir only goal, namely maximizing shareholder value, and react to the needs of the other stakeholders only when great pressure is exercised. If those enterprises still survive, are stakeholders' concerns of any importance? Or to phrase it differently: Which approach should today's companies follow, the stockholder theory or the stakeholder approach? To answer this question, this paper will proceed with following sub-points. Firstly, a definition and explanation of the above mentioned theories will be provided. The stakeholder theory will be further underlined by the description of the normative grounds, which it is based on. The paper will clarify also, whether companies do have a social responsibility. The attributes, which separate stakeholders from non-stakeholders will be outlined next. Continuing, different views on those theories will be disclosed and examples for both approaches described, before the paper will end with some thoughts of mine and a conclusion.

More books from GRIN Publishing

Cover of the book Immanuel Kant - Kritik der Urteilskraft § 51 by Maria Kimme
Cover of the book Account for differences in the development of physical education in Britain and Germany in the nineteenth century by Maria Kimme
Cover of the book South African foreign policy and SADC goals - lockstep or deadlock? by Maria Kimme
Cover of the book Diversity And Common Ground by Maria Kimme
Cover of the book The Journey to Self-Awareness in Levinas' Philosophy and the Irish National Tale by Maria Kimme
Cover of the book Ecological concerns and their collective realisation in Ernest Callenbach´s 'Ecotopia' by Maria Kimme
Cover of the book IKEA Boys and Terrorists: Fight Club in the Light of 9/11 by Maria Kimme
Cover of the book Evolving a new model of Health Care Evaluation in India by Maria Kimme
Cover of the book Different Readings of Sir Thomas More's Utopia - from an Ideal state to the First Dystopia by Maria Kimme
Cover of the book Are the parties in the United States still vehicles for environmental politics? How do they occupy this political field, and what ideological and sociological aspects affect this process? by Maria Kimme
Cover of the book Short Essay on Shakespeare`s 'Sonnet 18' by Maria Kimme
Cover of the book Social Aspects of Language Acquisition - Language Socialization and Grammatical Development by Maria Kimme
Cover of the book Enemy Images. Analysis of the German right-wing party NPD by Maria Kimme
Cover of the book Compare and contrast male and female language usage by Maria Kimme
Cover of the book Overcoming access barriers to paediatric healthcare services by Maria Kimme
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy