期刊名称:International Business & Economics Research Journal
印刷版ISSN:1535-0754
电子版ISSN:2157-9393
出版年度:2010
卷号:9
期号:7
语种:English
出版社:The Clute Institute for Academic Research
摘要:Microfinance organizations provide financial services to low income people. These organizations have been increasing dramatically worldwide. This increment calls attention for these organizations and their boards to make strategic decisions which enable them perform well and compete with each other. Based on literature, this paper identifies six types of microfinance stakeholders who sit on boards. These are clients, employees, government, donors, creditors and owners. This paper discusses the different roles of these stakeholders when they sit on boards of microfinance organizations and these roles are further explained to show how they contribute to the process of making strategic decisions. Literature on boards, strategic decision-making and stakeholder theory are used as guides in showing how microfinance stakeholders on boards can be advantageous to these organizations, specifically in strategic decision-making. Practical implications, propositions and areas for future research on stakeholders and strategic decisions in microfinance organizations are identified and encouraged.
关键词:Microfinance Organizations;Stakeholders;Boards;Strategic decision-making process