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Compare and comparison stakeholder and stockholder theories. Discuss how each relates to ethics and regulation.
The shareholder theory was described initially by Milton Friedman and it declares the traditional perspective that the maximisation of monetary value for shareholders may be the ultimate goal of the business enterprise (Mansell, ). viii Contents 26 Resource-Based Theory 27 Role Theory 28 Self-Determination Theory 29 Sensemaking Theory 30 Social Capital Theory 31 Social Cognitive Theory 32 Social Comparison Theory 33 Social Exchange Theory 34 Social Facilitation Theory 35 Social Identity Theory 36 Social Network Theory 37 Stakeholder Theory 38 Structural.
Stockholder theory and stakeholder theory map out these two paths, allowing each business to decide which ethical path it will choose to take. Both stockholder and stakeholder theories are normative theories of corporate social responsibility that outline the ethical responsibilities of a corporation.
Abstract. Domino’s Pizza was embroiled in a viral crisis situation when two rogue employees posted videos of adulterated food on YouTube in April It is to this version of the normative stakeholder theory that the following description refers.
Note, however, that Post, Preston and Sachs, who take a more instrumental than normative view of stakeholder theory, embrace a wider enumeration of stakeholders, including regulatory authorities, governments and.Comparison of stakeholder theories