Question: Corporations have many stakeholders. These include, as a minimum, shareholders, customers and employees. Clearly customers 'vote with there dollars' and will not purchase if not
Corporations have many stakeholders. These include, as a minimum, shareholders, customers and employees. Clearly customers 'vote with there dollars' and will not purchase if not satisfied. Employees are the engine of the business, so clearly they are to be valued and treated accordingly. Shareholders expect profits and this motive often gets in the way of the interests of other stakeholders. For its long term survival a corporation needs to keep all it's stakeholders content.
What about the community? Are they a stakeholder? In times like these with Covid 19 causing the loss of so many jobs and supply chain issues afoot, what would you say is the duty of the Corporation? How does this play into their duty to shareholders, customers and employees?
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