If Stakeholder Groups Have Legitimate Claims but Hold No Power

question 44

True/False

If stakeholder groups have legitimate claims but hold no power with the management of a firm, the firm need not consider being responsive to these claims.

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Definitions:

Negative Reinforcement

Negative Reinforcement is a behavioral concept where removing an unwanted stimulus following a desired behavior increases the likelihood of that behavior being repeated.

Legitimate Power

Legitimate Power is the authority that a person or organization has that is viewed as rightfully held, often given by a higher authority or institution.

Reward Power

The capability of influencing others’ behavior by offering them something desirable as a means of motivation or incentive.

Agency Leaders

Senior individuals in charge of directing and managing an organization or agency.