Recent research has proven that the most important stakeholders of large organizations are definitely employees – they come ahead of customers, suppliers, community groups, and especially far ahead of shareholders.
For his PhD research, Professor Nigel de Bussy from Curtin University in Western Australia, conducted a national study to identify the stakeholders who have the most impact on corporate financial performance.
He surveyed 626 Australian companies each employing more than 100 people to measure how well stakeholder orientation towards shareholders, employees, customers, suppliers and the community correlated with corporate financial performance.
Photo: Nigel de Bussy.
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