Stakeholder Perspective Paper

183 Words1 Pages
Stakeholder perspective shows the relationship with stakeholders. The companies need to consider that their actions can affect others because it requires that their utmost attention to, manage, and satisfy their interests. It personalizes the open-system perspective. It identifies specific people and social entities in the external environment as well as within the organization. It recognizes that stakeholders relations are dynamic and they can be negotiated and managed, not just taken as a fixed condition. It incorporates values and ethics as well as corporate social responsibility. (McShane, Glinow 2013) High-performance work practice is a perspective which holds that effective organizations partake in several workplace practices that