Difference between revisions of "Stakeholder Theory"
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| − | Business Dictionary defines Stakeholder theory as "a conceptual framework of business ethics and organizational management which addresses moral and ethical values in the management of a business or other organization."<ref>Definition of Stakeholder Theory [http://www.businessdictionary.com/definition/stakeholder-theory.html Business Dictionary]</ref> | + | [[Business]] Dictionary defines [[Stakeholder]] theory as "a conceptual [[framework]] of business ethics and organizational [[management]] which addresses moral and ethical values in the management of a business or other [[organization]]."<ref>Definition of Stakeholder Theory [http://www.businessdictionary.com/definition/stakeholder-theory.html Business Dictionary]</ref> |
| − | In 1984, R. Edward Freeman originally detailed the Stakeholder Theory of organizational management and business ethics that addresses morals and values in managing an organization. His award-winning book Strategic Management: A Stakeholder Approach identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due regard to the interests of those groups. | + | In 1984, R. Edward Freeman originally detailed the Stakeholder Theory of organizational management and business ethics that addresses morals and values in managing an organization. His award-winning book [[Strategic Management]]: A Stakeholder Approach identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due regard to the interests of those groups. |
| − | The theory has become a key consideration in the study of business ethics and has served as a platform for further study and development in the research and published work of many scholars, including those featured on this website. | + | The theory has become a key consideration in the study of business ethics and has served as a platform for further study and development in the research and published work of many scholars, including those featured on this [[website]]. |
| − | Since the 1980s, there has been a substantial rise in the theory’s prominence, with scholars around the world continuing to question the sustainability of focusing on shareholders’ wealth as the most fundamental objective of business.<ref>Background of Stakeholder Theory [http://stakeholdertheory.org/about/ StakeholderTheory.org]</ref> | + | Since the 1980s, there has been a substantial rise in the theory’s prominence, with scholars around the world continuing to question the sustainability of focusing on shareholders’ wealth as the most fundamental [[objective]] of business.<ref>Background of Stakeholder Theory [http://stakeholdertheory.org/about/ StakeholderTheory.org]</ref> |
Revision as of 18:30, 6 February 2021
Business Dictionary defines Stakeholder theory as "a conceptual framework of business ethics and organizational management which addresses moral and ethical values in the management of a business or other organization."[1]
In 1984, R. Edward Freeman originally detailed the Stakeholder Theory of organizational management and business ethics that addresses morals and values in managing an organization. His award-winning book Strategic Management: A Stakeholder Approach identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due regard to the interests of those groups.
The theory has become a key consideration in the study of business ethics and has served as a platform for further study and development in the research and published work of many scholars, including those featured on this website.
Since the 1980s, there has been a substantial rise in the theory’s prominence, with scholars around the world continuing to question the sustainability of focusing on shareholders’ wealth as the most fundamental objective of business.[2]
References
- ↑ Definition of Stakeholder Theory Business Dictionary
- ↑ Background of Stakeholder Theory StakeholderTheory.org