Flashcards : Stakeholder Dynamics in Business Society — 9 cartes

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1Question

Business-Society System — definition?

Réponse

An interactive social system where business and society influence each other.

2Question

Business-Society System — definition?

Réponse

Interactive social system linking business and society.

3Question

Shareholder — primary interest?

Réponse

Maximizing financial returns and long-term value.

4Question

Shareholder — primary interest?

Réponse

Maximize shareholder wealth and profits.

5Question

Stakeholder identification — purpose?

Réponse

Recognize groups affected by or influencing the firm.

6Question

Stakeholder interests — example?

Réponse

Profit, environment, community, or employment.

7Question

Stakeholder power types — examples?

Réponse

Legitimate, coercive, and expert power.

8Question

Stakeholder coalition — definition?

Réponse

Groups aligned to influence decision-making.

9Question

Stakeholder salience — factors?

Réponse

Power, legitimacy, and urgency.

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1. How can a business practically apply the principles of the Business-Society System to enhance its social license to operate?

2. What does the Business-Society System primarily describe?

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