Exploration of the Manager’s Responsibility and the Role of Stakeholders

1189 Words5 Pages
Exploration of the Manager’s Responsibility and the Role of Stakeholders Most scholarship on corporate governance in the last two decades has focused on the relationships between shareholders and managers. Some people think :“ A manager’s responsibility should be to the shareholders alone”, but in my opinion manager have the responsibility to all of the stakeholders, which a group with a direct interest in the way on organization is performing and action it takes, include the firm’s employees, shareholders, customers, suppliers and local community. In a company managing for value, the company’s goal is to deliver value to shareholders. This does not imply that the company is managed for value to harm or exclusion of the customers, the employees, or other important consists. Manger delivers maximum profits return to the shareholders while balancing the interests of the other important constituents, including customers and employees. Manager’s responsibility as a business is to define and enhance the contribution make to that shared effort. Company must work with the other stakeholders in sustainable development. Stakeholders are a diverse group, some, such as shareholders and employees have a clearly defined relationship with company. There are people with a stake in the company itself. Others have a stake in the company’s activities. Customers and suppliers are certainly affected by the success or failure of company performs but not as directly as shareholder and employees. The local communities that have a more interest in what manager do and how manager do. The purpose of the manager for stakeholder is to serve a wider range of inte... ... middle of paper ... ...all vital for company’s perform. Make the profit maximization is the main aim of manager which not means manager must harm one may be more of the stakeholders` interest, because in today’s business activities require good cooperation. The role of manager is to balance the interests between company and stakeholders and lead to they prosperity together. References Dave Hall, Rob Jones, Carlo Raffo, Ian Chambers, Dave Gray(1999) Business studies Causeway Press Limited John S. (2004) Essentials of Economics Pearson Education Limited John S. (2003) Economics Pearson Education Limited Gartner, James, Lawson, Robert and Block, Walter. Economic Freedom of the World: 1975-1995. Vancouver, B.C., Canada: Fraser Institute, 1996 Pam Woodall today’s business weekly Journal of Economics 40 (2004): 60-64.

More about Exploration of the Manager’s Responsibility and the Role of Stakeholders

Open Document