Reciprocity has implications for dealing with direct stakeholders and for the implementation and maintenance of relational contracts.

Question

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Reciprocity refers to the principle of responding to actions in kind. In the context of stakeholder management, reciprocity implies that organizations should try to meet the expectations and requirements of their stakeholders, and expect similar treatment in return. In the context of relational contracting, reciprocity implies that the parties should fulfill their commitments and obligations towards each other, and expect similar behavior from the other party. Therefore, reciprocity has implications for dealing with direct stakeholders and for the implementation and maintenance of relational contracts.

Reciprocity Has Implications for Dealing with Direct Stakeholders and for the Implementation