Understand the impact of stakeholders on a business

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Reference no: EM132976020

Stakeholders are an emergent function of business systems. Unless a business is active, it has no stakeholders. Nor can the stakeholders be determined on the basis of the business itself. As our materials note, the stakeholders are unique to each business. This means that in order to understand stakeholders we must first understand business systems.

What systems theory concepts are the most useful in helping understand the impact of stakeholders on a business? Then, based on those concepts, what do we now see about stakeholders that were not visible in books?

Reference no: EM132976020

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