The implications with regards to the role of managers, Business Management

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QUESTION

"A stakeholder in an organization is any group or individual who can affect or is affected by, the achievement of the organization's objectives" (Freeman 1948:46)

(a) According to the stakeholder view of the firm, towards which groups do organisations have a social responsibility?

(b) Explain the two main arguments given by the Stakeholder theory as to why these groups also have a legitimate claim on the corporation.

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