Establishing Stakeholder Orientation Coursework Example | Topics and Well Written Essays - 250 words

Establishing S bourgeonholder Orientation - Coursework ExampleThe development of the world has made individuals solve that business has a role that extend beyond economic wealth creation. Businesses possess a amicable role since they create externalities in the environment. For instance, proper enumeration of employees compensate for the cost that workers incur in working for the company. Organizations participate in stakeholder orientation for their own benefit and for the sake of stakeholders satisfaction (Maurer, 2007). In this sense, the stakeholders feel that the organizations take care of their needs.Stakeholder orientation seeks to establish sustainable economic development by working with the employees, local community, shareholders, and the larger society (Ferrell, Fraedrich & Ferrell, 2013). This has a significant impact on honesty and fairness since corporate entities manifest as partners in societal development. When organizations emphasize on the satisfaction of thei r stakeholders, the larger society is highly likely to love the profit making intention of businesses. In addition, it promotes information sharing, which makes the businesss activities and intentions clear. This enhances accountability as severally party enjoys the incentive to practice