Welcome to the Real World
As a recent business graduate from a prestigious business school, Malcolm thought he had his work-life views straight.The way he saw it, if a business had to lay people off in order to increase profits in the short run, then that was 'just business'.Unfortunately, Malcolm, now in his first career position, had just been given the responsibility of laying off 20 per cent of his plant.In the year he had worked there, he had learned to like his fellow employees, played on the company soccer team and made many friends.He did not like what he had to do and now questioned his previous convictions.
-Refer to Welcome to the Real World (Scenario).From a progressive point of view, now Malcolm felt responsible beyond just shareholders but also to any individual or group impacted by the organisation's decisions and policies, a group known as ________.
A)constituents
B)stakeholders
C)employees
D)the public
E)recipients

Question

Quizplus · Accepted Answer

Stakeholders refers to any individual or group impacted by the organization's decisions and policies, including shareholders, employees, customers, suppliers, and the community. Malcolm's new perspective suggests that he now acknowledges the impact of his decisions on all stakeholders, not just shareholders.