I need to reply to one of my classmates post. I have attached the document.

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I need to reply to one of my classmates post. I have attached the document. APA format and references are important. It should be in about 200 words

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Tintu Varghese - Thursday, 12 July 2018, 1:18 PM Hi, In recent years, largely on the subject; the concept of stakeholders exploded and academics have written. Trying to implement it in one way or another; but also non-governmental organizations (NGOs), regulators, the media, business, and policymakers are thinking about the concept. To the normative principle, as most of the contributions relate specifically. In order to be sustainable, while they promote the company's vision and the role of managers whose main objective is to maximize shareholder value. However, it has more and broader responsibilities; since this perspective seems to be giving way to that business. In terms of the stakeholder approach, as these are defined better. There is a lot of controversial literature around which we try to replace and update, because another reason why this topic is so popular and disputed by theorists. To the concept of stakeholders, along with the popularity has come a profusion of different overlapping approaches. In this sector, as this has led to a confusing situation. A number of classification systems have been developed, as to deal with this conceptual confusion. By Donaldson and Preston in 1995, the most famous contribution of the literature that distinguishes between normative and strategic or analytic theories of stakeholders was made. While the company is looking for benefits for its shareholders, as the strategic approach considers stakeholders primarily as factors to be taken into account and managed. As the CEO of a large company applies social responsibility from a stakeholder perspective since the stakeholder approach is the most attractive philosophy of social responsibility. In order to continue doing business, as this approach takes precedence over the other two because the company ultimately responds to its stakeholders in their major decisions. In fact, the company would pay long-term "dividends", as if the company maintains a positive relationship with its stakeholders. Reference Donaldson and Preston, L.E. (1995). “The Stakeholder Theory of Corporation: Concepts, Evidence and Implication”, Academy of Management Review, 20/1: 65. Clarkson, M.B.E, (1995). “A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance”, Academy of Management Journal, 20/1: 92-118.
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