1. Explain the concepts of stake and stakeholder from your

1. Explain the concepts of stake and stakeholder from your

1. Explain the concepts of stake and stakeholder from your perspective as an individual. What kinds of stakes and stakeholders do you have? Discuss.
2. Explain in your own words the differences among the production, managerial, and stakeholder views of the firm.
3. Differentiate between primary and secondary social and nonsocial stakeholders in a business situation. Give examples of each.
4. Define the terms core stakeholders, strategic stakeholders, and environmental stakeholders. What factors affect into which of these groups stakeholders are categorized?
5. Choose any group of stakeholders listed in the stakeholder/responsibility matrix in Figure 3-7 and identify the four types of responsibilities the firm has to that stakeholder group.
6. How can a firm transition from Level 1 to Level 3 of stakeholder management capability (SMC)?
7. Is the stakeholder corporation a realistic model for business firms? Will stakeholder corporations become more prevalent in the twentyfirst century? Why or why not?

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