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Are organizations primarily instruments of its owners?

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Question added by Vinod Jetley , Assistant General Manager , State Bank of India
Date Posted: 2014/09/12
Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

I believe its shareholders value perspective rather than stakeholder value perspective as the SHAREHOLDERS emphasizes PROFITABILITY over RESPONSIBILITY and sees organizations primarily as INSTRUMENTS OF THEIR OWNERS.   

 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Stakeholder Value Perspective is the view that sees organizations primarily as coalitions which must serve all parties involved. The organizational purpose is to achieve satisfaction among all stakeholders.Stakeholder value advocates believe that the success of an organization should be measured by the satisfaction among all stakeholders. And they see stakeholder management both as an end / purpose and as a means. Unlike proponents of the shareholder value perspective, they believe that social responsibility is an organizational matter. Also they claim that society is best served by organizations pursuing joint interests and economic symbiosis

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