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'A manager's responsibility should be to the shareholders alone.' Critically assess this view and consider the roles of stakeholders in a business.
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'A manager's responsibility should be to the shareholders alone.' Critically assess this view and consider the roles of stakeholders in a business. 'All businesses are affected by the environment in which they operate.' (Marcouse. I 2003 P489) This environment is mainly composing by two groups: shareholders and stakeholders. The overarching business practices of large, publicly traded, companies are typically divided into two categories: shareholder-driven or stakeholder-driven. The shareholder-driven model for business has been overwhelmingly for a long time where most managers believe that their responsibility should be to the shareholders alone, which means managers' mission is to maximize shareholder value. But, as the human civilization is developing, in recent years, people expect to know more about the business organization rather than just purchase the products and services from the business. All managers are faced with real or imagined conflicts of interest or competing demands for time and resources, between shareholders and...
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