Examlex
Which of the following is NOT an advantage of buying an existing business?
Power, Legitimacy, Urgency
A model used to prioritize stakeholders based on their possession of power, legitimacy in their relationship with the organization, and the urgency of their claims.
Discretionary Stakeholders
Stakeholders who do not have a direct stake in the business or project but may be affected or can influence it voluntarily.
Legitimacy
The perception or recognition by stakeholders that actions, decisions, or leadership are appropriate, proper, and justified within a socially constructed system of norms, values, beliefs, and definitions.
Dependent Stakeholders
Individuals or groups who rely on a business's success or failure for their own benefit but don't have direct control over its operations.
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