Duality of Enterprise and Stakeholders on Flexibility Front

Excerpt

There is inherent duality between the enterprise and its stakeholders. An enterprise is a separate legal entity than its stakeholders. The stakeholders for any enterprise could be owners, investors, shareholders, employees, customers, partners, suppliers, distributors, government, regulators, society, and so on. The stakeholders, in general, expect flexibility from the side of the enterprise. They usually aspire that the enterprise should be responsive to their needs. For example, customers desire that the enterprise should provide them with customized products, services and solutions that may fulfill their specific needs. Similarly, employees expect that the enterprise should provide them enough flexibility and freedom of choice. This includes flexibility in work-time, place of work, compensation, and so on. On similar lines, expectations of all the stakeholders for flexibility and responsiveness on the part of the enterprise can be delineated. …