Hosted by Dr William J Frey Capabilities Stakeholders

Hosted by Dr. William J. Frey

Capabilities Stakeholders Technology Markets 100 100 200 200 300 300 400 400 500 500

What is the Capabilities Approach? This perspective changes our view of developing communities as deficient and needy to repositories of potentialities and resources. Row 1, Col 1

What is a stakeholder? Any group or individual who has a vital or essential interest at risk or in play that depends on what the corporation does. 1, 2

What is Social Constructionism? According to this technology study approach, society determines or constructs technology. 1, 3

What is the Laissez Fair or Free Market System? Each economic unit makes choice based on rational (enlightened) self-interest. (Private ownership of goods) 1, 4

What are three Basic Capabilities identified by Martha Nussbaum? Life, Bodily Health, and Bodily Integrity. 2, 1

What is a stakeholder role? This term refers to the station or position occupied by a particular stakeholder in the Socio-Technical System. 2, 2

What is the Eotechnic Stage? Water, wind, and animals are primary sources power in this stage of technological development 2, 3

What is the Liberal Democratic Socialism economic model? Limited government intervention is needed to improve upon the choice of individual economic units. (Mixture of private and public ownership) 2, 4

What is the capability of Affiliation? This capability focuses on our ability to form social relations with others 3, 1

What is a stake or interest? This term used in stakeholder analysis refers to the good, right, value or preference that is at risk or in play for an individual or group stakeholder. 3, 2

What is the Paleotechnic Stage? This stage in technology development is characterized by coal, steel, trains, and automobiles; emphasis is on the mechanical. 3, 3

What is the Communist, Authoritarian Socialism economic model? The state is in the best position to know what choices and policies are beneficial for the economy as a whole and its component parts. (Public ownership of goods and services) 3, 4

What is play? Children forced to work at an early age miss out on this fundamental capability. 4, 1

What are market stakeholders? Employees, stockholders, customers, suppliers, retailers, wholesalers, and creditors are this kind of stakeholder. 4, 2

What is the Neotechnic Stage? This stage of technological development is characterized by electricity and synthetic materials along with nuclear fission. 4, 3

What are confidence, fairness, corruption, money illusion, and stories? Schiller and Akerlof call these animal spirits. These all represent interferences with the model of pure rational self-interest or utility maximizing 4, 4

What are conversion factors? These “resources” help transform capabilities into functionings. 5, 1

What are Non-Market Stakeholders? This kind of stakeholder includes governments local communities, business support groups, non-government organizations, citizens interest groups, and professional societies. 5, 2

What is technological determinisim? According to this school of technology studies, technology is autonomous and completely determines society. 5, 3

What are information asymmetries? Joseph Stiglitz won the Nobel Prize in economics for his studies into this limit of free markets 5, 4