Asked by Mason Woodworth on Sep 28, 2024

The normative approach ______________________.

A) focuses on the actual behavior of the firm and usually addresses how decisions and strategies are made for stakeholder relationships
B) describes what happens if firms behave in a particular way
C) is the degree to which a firm understands and addresses stakeholder demands
D) describes reciprocal relationships between the firm and a host of stakeholders
E) identifies guidelines that dictate how firms should treat stakeholders

Normative Approach

An aspect of ethics that concerns the criteria of what is right or wrong, focusing on the moral standards that guide behavior within a society or organization.

Stakeholder Demands

The expectations or requirements that individuals or groups with an interest or stake in an organization seek to be fulfilled or addressed.

  • Describe the normative and conceptual approaches to stakeholder theory.