Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=52474#.VJoNEcCAM4 Author(s) Joseph W. C. Lau Affiliation(s) Hong Kong Institute of Vocational Education, Hong Kong, China . ABSTRACT While students commonly assume the identity of being key stakeholders of higher education, the present article explores the possible complications stemmed from such key identity. Stakeholder theory has its strengths attributed by its conceptual breath and versatility; the limits of the theory arise for the same merit. Making reference to the theory with no restrains leads reasonably to the conclusion that the educational institute is unwilling to take measure closely to the long term effect, tangib...
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