Licensed Unlicensed Requires Authentication Published by University of Toronto Press 1998
From the book The Corporation and Its Stakeholders
R. Edward Freeman
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© 2016 University of Toronto Press, Toronto
From the book
The Corporation and Its Stakeholders
Chapters in this book (17)
Frontmatter
Contents
Foreword: Redefining the Corporation
The Corporation and Its Stakeholders: Classic and Contemporary Readings
The Changing Basis of Economic Responsibility
For Whom Are Corporate Managers Trustees?
Whose Interests Should Corporations Serve?
Understanding Stakeholder Thinking: Themes from a Finnish Conference
The Moral Standing of the Market
Business Ethics and Stakeholder Analysis
A Stakeholder Theory of the Modern Corporation
Stakeholder Thinking in Three Models of Management Morality: A Perspective with Strategic Implications
The Stakeholder Theory of the Corporation: Concepts, Evidence and Implications
Instrumental Stakeholder Theory: A Synthesis of Ethics and Economics
A Stakeholder Framework for Analysing and Evaluating Corporate Social Performance
Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts
Stakeholder Mismatching: A Theoretical Problem in Empirical Research on Corporate Social Performance
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“The 21st Century is one of “Managing for Stakeholders.” The task of executives is to create as much value as possible for stakeholders without resorting to tradeoffs. Great companies endure because they manage to get stakeholder interests aligned in the same direction.” — R. Edward Freeman
About the Stakeholder Theory
Stakeholder Theory is a view of capitalism that stresses the interconnected relationships between a business and its customers, suppliers, employees, investors, communities and others who have a stake in the organization. The theory argues that a firm should create value for all stakeholders, not just shareholders.
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.
We aim to be the hub of leading stakeholder research and thinking by providing resources to new scholars, students, and business leaders.
Darden School of Business, University of Virginia
Visit the Darden School of BusinessQuotable
“We can be the generation that makes business better.”
Bio
Darden School of Business, University of Virginia
Elis and Signe Olsson Professor of Business Administration, Academic
Director, Business Roundtable Institute for Corporate Ethics
Research Interests: Stakeholder management, leadership, business ethics, corporate responsibility, business strategy, Conscious Capitalism
First notable publication on the Stakeholder Theory: Strategic Management: A Stakeholder Approach, originally published in 1984 and reprinted 2010 by Cambridge University Press
For Ed Freeman’s complete CV, click here.
Published Work on Stakeholder Theory
(2014) with Jacob Hörisch and Stefan Schaltegger, Applying Stakeholder Theory in Sustainability Management: Links, Similarities, Dissimilarities, and a Conceptual Framework, Organization Environment,May 27, 2014,1086026614535786.
(2014) Management Ethics: Placing Ethics at the Core of Good Management, by Domènec Melé, Business Ethics Quarterly, Volume24, Issue1, pp. 142–143.
(2012) with Gianfranco Rusconi, Silvana Signori, Alan Strudler, Stakeholder Theory (ies): Ethical Ideas and Managerial Action, Journal of Business Ethics, August 2012, Volume 109, Issue 1, pp 1–2.
(2010) with Jeffrey Harrison, Andrew Wicks, Bidhan Parmar, Simone De Colle, Stakeholder Theory: The State of the Art, Cambridge University Press, New York.
(2007) with Jeffrey Harrison, Andrew Wicks, Managing for Stakeholders: Survival, Reputation, and Success, a Caravan book.
(2004) with Andrew Wicks and Bidhan Parmar, Stakeholder Theory and “The Corporate Objective Revisited,” Organization Science, Volume 15 Issue 3, May-June 2004, pp. 364–369.
(2001) Stakeholder Theory of the Modern Corporation, Perspectives in Business Ethics Sie, Volume 3, p. 144.
(1984 and 2010) Strategic Management: A Stakeholder Approach, Cambridge University Press, New York.
This is only a partial representation of Ed Freeman’s published works on Stakeholder Theory. Click here for a complete list.