Stakeholder power:
A) indicates the extent to which stakeholders need immediate attention.
B) refers to the managers' ability to maximize profits.
C) refers to the shareholders' ability to influence managers.
D) refers to the capacity of the stakeholder to positively or negatively affect the operations of the organization.
E) indicates the validity and legitimacy of a stakeholder's interests in the organization.

Question

Quizplus · Accepted Answer

Stakeholder power refers to the capacity of the stakeholder to positively or negatively affect the operations of the organization. This includes the ability to influence decision-making and potentially harm or benefit the organization. It is important for managers to consider the power of stakeholders in their decision-making processes to ensure that the needs and interests of all stakeholders are effectively managed.

Stakeholder Power