Upon completion of this chapter, the reader should be able to do the following:
1.1 Describe what is a stake and who is a stakeholder.
1.2 Explain the difference between shareholder and stakeholder theories of the firm.
1.3 Articulate the main issues in the stakeholder and shareholder debate.
1.4 Describe stakeholders in terms of issues, powers, and interests.
1.5 Assess the issues that may arise when businesses try to manage various stakeholder interests.