Question: Read this 2 papers and make a strong comment like I agree with your statement etc etc Does the common belief that stakeholder theory does

Read this 2 papers and make a strong comment like I agree with your statement etc etc Does the common belief that stakeholder theory does not consider the interests of shareholders hold up to logical scrutiny (does it make logical sense)?The debate between shareholder and stakeholder theory is interesting and worth examining.Many believe that stakeholder theory ignores shareholders, but thats not quite accurate. Stakeholder theory includes shareholders along with everyone else affected by a company's actions, such as employees, customers, and communities. This approach argues that a company can achieve better long-term success by considering all these interests together.Logically, when a company supports its stakeholderslike keeping employees happy and engagedit can lead to better productivity and lower turnover. This, in turn, can boost profits and benefit shareholders in the long run.On the other hand, focusing solely on shareholders might bring quick profits but can harm important relationships, risking the companys future. So, the idea that stakeholder theory overlooks shareholders doesnt really hold up. In fact, it shows how different interests can actually work together for everyone's benefit.In summary, stakeholder theory can support shareholder interests when we think long-term, challenging the belief that focusing on stakeholders hurts shareholders.2.Read this paper and make a strong comment like I agree with your statement etc etc . Does the common belief that shareholder theory advocates profit by any means, illegal or otherwise, hold up to logical scrutiny (does it make logical sense)? No, the common belief that shareholder theory advocates profit by any means, legal or otherwise does not hold up to logical scrutiny. It's a misconception that the shareholder theory, originating from Milton Friedman article promotes a "by any means necessary" approach to maximize profit regardless of ethics and legality. Friedman, emphasized that companies should operate within the bounds of the law and ethical customs. This means that while the primary goals is to increase shareholders wealth, it much be achieved responsibility and ethically. Just as in the case of fraudulent accounts with Wells Fargo, if a company prioritizes short-term gains through unethical or illegal practices, they risk not only having long-term damage to its reputation, customer relationships, but even more important to stakeholder, they ultimately loose money. Therefore, a truly effective long-term strategy would involve having a balance between maximizing shareholder value and fulfilling social responsibilities.

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