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CSR_Module 4 Flashcards
STAKEHOLDER_MAPPING_AND_ASSESSMENT(3).pdf Flashcards
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What are stakeholders?
Stakeholders are individuals or groups who have an interest or stake in the success or failure of a business or its projects.
Who are internal stakeholders?
Internal stakeholders include employees, freelancers, board members, and investors who have a financial and personal interest in the success or failure of the business.
Who are external stakeholders?
External stakeholders are not actively involved in the day-to-day activities of the organization and include customers, clients, suppliers, and creditors.
What are primary stakeholders?
Primary stakeholders are directly affected either positively or negatively by the actions of an organization or agency. They may include groups benefiting from a regulation or impacted by it.
What are secondary stakeholders?
Secondary stakeholders are indirectly affected either positively or negatively by the actions of an organization or agency. They may be impacted by the outcomes of initiatives or programs.
Who are key stakeholders?
Key stakeholders are individuals or groups who can have a significant positive or negative effect on an effort. They may include directors, staff, funders, government officials, and community figures.
Why is it important to identify and analyze stakeholders and their interests?
Identifying and analyzing stakeholders and their interests helps in gaining buy-in, support, and varied perspectives, ensures fairness, prevents being blindsided by concerns, strengthens position against opposition, increases organization credibility, and enhances the chances for the success of an effort.
What is the key to success?
Effort and determination are key to success.
How can you increase your chances of success?
By putting in consistent effort and staying determined.
What role does effort play in achieving success?
Effort plays a crucial role in achieving success as it requires hard work and dedication.
Why is effort important for success?
Effort is important for success because it shows dedication and commitment towards achieving a goal.
How can one measure the success of their effort?
The success of one's effort can be measured by the progress made towards achieving a goal.
Why is it important to identify and analyze stakeholders and their interests?
- It puts more ideas on the table - It includes varied perspectives from all sectors and elements of the community affected - It gains buy-in and support for the effort from all stakeholders by making them an integral part of its development, planning, implementation, and evaluation - It becomes their effort and they'll do their best to make it work - It's fair to everyone - It saves you from being blindsided by concerns you didn't know about - It strengthens your position if there's opposition - It increases the credibility of your organization - It increases the chances for the success of your effort
Who are considered primary stakeholders in a stakeholder analysis?
- A particular population, a racial or ethnic group, a socio-economic group, residents of a housing project, etc. - Residents of a particular geographic area, a neighborhood, a town, a rural area - People experiencing or at risk for a particular problem or condition (homelessness, lack of basic skills, unemployment, diabetes) - People involved or participants in a particular organization or institution (students at a school, youth involved in the justice system, welfare recipients) - People whose behavior the effort aims to change (delinquent youth, smokers, people who engage in unsafe sex, people who don't exercise) - Policy makers and agencies that are the targets of advocacy efforts
Who are considered secondary stakeholders in a stakeholder analysis?
- Individuals and organizations directly involved with or responsible for beneficiaries or targets of the effort - Parents, spouses, siblings, children, other family members, significant others, and friends - Schools and their employees (teachers, counselors, aides, etc.) - Doctors and other medical professionals, particularly primary care providers - Social workers, psychotherapists, health and human service organizations, and their line staff - Community volunteers in various capacities
Who are key stakeholders in stakeholder analysis?
Government officials and policymakers, legislators (federal and state or provincial representatives, senators, members of parliament)
Who are key stakeholders in a population that may need worker assistance programs, personal counseling, and other training programs?
Ordinary community members whose lives, jobs, or routines might be affected by an effort or policy change
What role do government officials and policymakers play in population efforts and policy changes?
They can devise, pass, and enforce laws and regulations that may either fulfill the goals of the effort or directly cancel them out
Who are legislators in the context of population efforts and policy changes?
Federal and state or provincial representatives, senators, members of parliament, etc., who introduce and pass laws and control public budgets
What role do governors, mayors, city/town councilors, and selectmen play in population efforts and policy changes?
They are the executives who carry out laws, administer budgets, and generally run the show, contributing greatly to the success or failure of an effort
How can local board members, such as boards of health, planning, and zoning, impact population efforts and policy changes?
Through their power to issue permits and regulations, they can be crucial allies or dangerous opponents
What role do state/federal agencies play in population efforts and policy changes?
Government agencies often devise and issue regulations and reporting requirements, which can make or break an effort depending on how they regulate and enforce their regulations
Who are policy makers in the context of population efforts and policy changes?
People or groups who often have no official power but whose opinions and ideas are closely followed, making them influential in decision-making processes
What is the stakeholder salience model?
The stakeholder saliency model was proposed by Mitchell, Agle, and Wood in 1997. It defines salience as the degree to which managers give priority to competing stakeholder claims.
What are the three elements to consider in the stakeholder salience model?
The three considerations are Legitimacy, Power, and Urgency. These elements together highlight the saliency of a stakeholder, determining how much priority should be given to that stakeholder.
Who is Milton Friedman?
American economist who won the 1976 Nobel Memorial Prize in Economic Science and is known for his shareholder theory doctrine.
What is the shareholder theory doctrine by Milton Friedman?
The belief that a company's primary responsibility is to maximize profits for its shareholders.
When was Milton Friedman born and when did he pass away?
Milton Friedman was born on July 31, 1912, and passed away on November 16, 2006.
What is Milton Friedman known for in the field of economics?
Being an intellectual leader, advisor to Presidents Ronald Reagan and British PM Margaret Thatcher, and the 2nd most popular economist in the 20th century.
What is Friedman's CSR theory interpretation regarding charitable activities?
Charitable activities are not considered a corporate social responsibility and do not contribute to additional profit.