2010
DOI: 10.1017/cbo9780511815768
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Stakeholder Theory

Abstract: In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety o… Show more

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Cited by 2,015 publications
(840 citation statements)
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“…Such concepts are central to stakeholder theory [4], based on which (i) a company has to be considered as a network of stakeholders and (ii) social responsibility needs to be integrated within the business strategy. Several scholars (e.g., [5][6][7][8]), indeed, agree on the need to involve stakeholders in the definition of the corporate strategy as well as in the management of a company. Stakeholder engagement, in some cases referred to as stakeholder management, encompasses the practices that companies undertake to actively involve stakeholders in organizational activities [9].…”
Section: Introductionmentioning
confidence: 99%
“…Such concepts are central to stakeholder theory [4], based on which (i) a company has to be considered as a network of stakeholders and (ii) social responsibility needs to be integrated within the business strategy. Several scholars (e.g., [5][6][7][8]), indeed, agree on the need to involve stakeholders in the definition of the corporate strategy as well as in the management of a company. Stakeholder engagement, in some cases referred to as stakeholder management, encompasses the practices that companies undertake to actively involve stakeholders in organizational activities [9].…”
Section: Introductionmentioning
confidence: 99%
“…The indicator of network centrality (Freeman's Network Centralization) [5] should be understood in several ways. Those who are located closer to many individuals and are considered benchmarks and models for others also may exercise power.…”
Section: Role Of the General Parameters Of The Networkmentioning
confidence: 99%
“…Current practices developed by Freeman (1984) [5] and Mitchell, et al (1997) [2] are widely used; however, not all situations deliver the expected outcomes. The immediate need for a more sophisticated analysis is imposed because complex situations and urgent actions arise in the design phase as well as in the implementation phase of the project.…”
Section: Introductionmentioning
confidence: 99%
“…It is a misconception that stakeholder theory advocates equal treatment of all stakeholders [20]. An organizational entity may have several conflicting goals or interest groups competing for priority [21].…”
Section: Fig 1 a Basic Stakeholder Modelmentioning
confidence: 99%