Ad
related to: freeman stakeholder theory wikipedia
Search results
Results From The WOW.Com Content Network
Stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by Freeman in the book Strategic Management: a Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due ...
Numerous articles and books written on stakeholder theory generally identify Freeman as the "father of stakeholder theory". [14] Freeman's Strategic Management: A Stakeholder Approach (1984) is widely cited in the field as being the foundation of stakeholder theory, [15] although Freeman himself refers to several bodies of literature used in the development of his approach, including strategic ...
The origin of stakeholder engagement can be traced back to the 1930s. [5] In 1963, the Stanford Research Institute first defined the concept of stakeholder. [5] In 1984, Edward Freeman’s book Strategic Management: A Stakeholder Approach was published.
In a corporation, a stakeholder is a member of "groups without whose support the organization would cease to exist", [1] as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute. The theory was later developed and championed by R. Edward Freeman in the 1980s.
It has been criticized by proponents of the stakeholder theory, who believe the Friedman doctrine is inconsistent with the idea of corporate social responsibility to a variety of stakeholders. [16] They argue it is morally imperative that a business takes into account all of the people who are affected by its decisions.
Stakeholder management theory, stakeholder project management theory, and stakeholder government agency theory have all contributed to the intellectual foundation for multistakeholder governance. The history and theory of multistakeholder governance however departs from these models in four ways.
Freeman (1998) presents a competing theory of corporate social responsibility by appealing to pre-theoretical commitments about the moral significance of assessing who an action affects and how. Proponents of stakeholder theory argue that corporate executives have moral responsibilities to all stakeholders in their business operations ...
Richard Barry Freeman (born June 29, 1943) is an economist. The Herbert Ascherman Professor of Economics at Harvard University and Co-Director of the Labor and Worklife Program at Harvard Law School, Freeman is also Senior Research Fellow on Labour Markets at the Centre for Economic Performance, part of the London School of Economics, funded by the Economic and Social Research Council, the UK ...