Question

Peter Drucker championed several ideas that continue to be influential to this day, including employees as ________?

1) Assets
2) Liabilities
3) Stakeholders
4) Customers

Answer 1

Peter Drucker is known for considering employees as assets, aligning with stakeholder theory, which highlights the importance of accounting for all parties with interests in a company's operations.

Step-by-step explanation:

Peter Drucker was a proponent of viewing employees as assets rather than liabilities, an idea reflecting the broader concept of stakeholder theory. This theory differs from shareholder primacy by emphasizing the importance of considering the interests of all stakeholders in a company's operations, rather than focusing solely on the interests of shareholders. Stakeholders, which may include employees, customers, communities, and others, are those with a vested interest in the business's success. This approach advocates for balancing the needs and interests of various parties affected by the company, not just those holding its shares.