Question
In: Accounting
Briefly review the differences between the economic model and stakeholder theory.
Briefly review the differences between the economic model and stakeholder theory.
Solutions
Expert Solution
Stakeholder theory considers organisational management and business ethics that accounts business stakeholders such as creditors, suppliers, government agencies,society,employees and others.It indicates the moral values related with managing an organisation in different fields. It brings the managers how to treat their stakeholders to satisfy their needs and wants.
Economic model is the theoretical representation of economic processes by relating the quantitative relationship between them. This model is commonly used by economists for predicting economic activities, changes in future economic behaviors, assist in trading and investment speculations etc.
The main difference we can frame is economic model uses quantitative measurements but stakeholder theory is based on qualitative measurement.
Stakeholder theory is mainly for internal purpose of business but economic model is for assessing the economic conditions entirly external.
Economic model is based on market study but stakeholder theory doesn't required market study.
ekkarill92 answered 10 months agoRelated Solutions
Briefly describe shareholder theory, stakeholder theory, and stakeholder salience. Compare the three concepts. In what ways...
What are the major differences between the economic model of social responsibility and the socioeconomic model?
Briefly review a couple of different resources on the differences and similarities between Delirium, Demential, and...
Briefly discuss the fundamental differences between a multiple regression model, an analysis of variance model and...
Briefly (no more than 3 sentences) explain the differences andsimilarities between the model of disappointment...
1. Can accountability be linked to stakeholder theory and stakeholder engagement?
What are the differences between a literature review and a systematic review? What are the characteristics...
Question 23 List and briefly describe 2 big differences between the Malthusian and Solow model.
similarities and differences between Capital Market Theory and Markowitz Theory
200 words about What are the key differences between a stakeholder assessment and a stockholder assessment?
- Describe in detail two modern applications of electromagnets. Do these electromagnets draw a large amount of...
- Refunding Analysis Mullet Technologies is considering whether or not to refund a $250 million, 13% coupon,...
- in java What object is passed to the start method in a JavaFX program? What should...
- QUESTION ONE Briefly explain the following types of errors: (i) Error of commission &n
- List the basic principles of the distillation tower at least 4 principal and why there are...
- Imagine you're a business owner: If waiting in lines is a truly inescapble event for your...
- A piston-cylinder device initially contains 0.20(kg) of steam at 3.5(MPa), 300(C). The steam loses heat to...