Crane et al's definition of a stakeholder makes it clear that it is impossible to identify a definitive group of relevant stakeholders for any given corporation in any given situation. Nevertheless, a typical representation is possible, and three different models are presented. Which of the following stakeholders are included in the stakeholder view of the firm and in the network model of stakeholder theory, but not in the traditional model of managerial capitalism?

Question

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The government is included in the stakeholder view of the firm and the network model of stakeholder theory, but not in the traditional model of managerial capitalism, which focuses primarily on shareholders and management.

Crane Et Al's Definition of a Stakeholder Makes It Clear