Published online by Cambridge University Press: 09 February 2017
These stakeholders represent everyone who has a stake in the success of the firm. Obvious examples are the workers, the managers, the shareholders, the customers, the suppliers, the bondholders, regulators, auditors, and so on. Some examples are not quite so obvious. For example, competitors also have a (negative) stake in the firm. A firm succeeding means that its competitors might be worse off. Competitors have incentives to complain that their rivals are pricing their products too low, bundling different services into a package to hide underlying costs, or engaging in any other activity that leaves the competitors worse off. The government also has a stake in the firm – if the firm fails, its employees will be out of jobs with the corresponding unemployment benefits being picked up by the taxpayers. If the firm is too successful, the government worries that these profits are at the expense of other competitors or workers.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.