- "The stakeholder theory is a theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others."
The idea that businesses should consider and prioritize the needs and interests of all stakeholders, not just shareholders, in their decision-making process.
Stakeholder identification: The process of identifying all stakeholders who are affected by an organization's actions and decisions.
Stakeholder mapping: The process of plotting stakeholders on a diagram, which helps understand the relationships between stakeholders.
Stakeholder engagement: The process of engaging with stakeholders to understand their opinions, values, and concerns.
Stakeholder prioritization: The process of identifying and focusing on key stakeholders who have the most significant impact on an organization.
Stakeholder theory: The theory that businesses have a responsibility to consider the interests of all stakeholders, not just shareholders.
Corporate social responsibility (CSR): The idea that businesses have a responsibility to create a positive impact on society.
Ethical decision-making: The process of making decisions that are morally and ethically sound, taking into account the interests of all stakeholders.
Human rights: The fundamental rights and freedoms to which all human beings are entitled, often considered an essential part of stakeholder theory.
Environmental responsibility: The responsibility of businesses to create a positive impact on the environment.
Sustainability: A concept that suggests that businesses should operate in a way that sustains the environment, society, and the economy for future generations.
Normative Stakeholder Theory: This theory suggests that companies have a moral obligation to consider the interests of all stakeholders while making decisions.
Descriptive Stakeholder Theory: This theory describes how companies actually interact with their stakeholders and how decisions are made in the real world.
Instrumental Stakeholder Theory: This theory suggests that companies should consider the interests of stakeholders because it will lead to better financial performance.
Strategic Stakeholder Theory: This theory proposes that companies should focus on specific stakeholders that are most important to their long-term success.
Integrative Social Contracts Theory: This theory suggests that companies should follow the norms and values of the societies in which they operate, and that these norms may vary across different countries and cultures.
Ethical Stakeholder Theory: This theory emphasizes the ethical obligations companies have to consider the interests and rights of all stakeholders.
Political Stakeholder Theory: This theory suggests that companies should engage in the political process to influence policies and regulations that affect them and their stakeholders.
Fairness Stakeholder Theory: This theory emphasizes the importance of fairness and justice in the treatment of stakeholders.
Critical Stakeholder Theory: This theory proposes that companies should identify and address power imbalances among stakeholders and work to promote social justice and equality.
Sustainability Stakeholder Theory: This theory suggests that companies should consider the long-term sustainability of their business by taking into account the interests of both current and future stakeholders.
- "It addresses morals and values in managing an organization, such as those related to corporate social responsibility, market economy, and social contract theory."
- "The stakeholder view of strategy integrates a resource-based view and a market-based view, and adds a socio-political level."
- "One common version of stakeholder theory seeks to define the specific stakeholders of a company (the normative theory of stakeholder identification)."
- "The descriptive theory of stakeholder salience examines the conditions under which managers treat these parties as stakeholders."
- "In fields such as law, management, and human resources, stakeholder theory succeeded in challenging the usual analysis frameworks."
- "Stakeholder theory suggests that stakeholders' needs should be put at the beginning of any action."
- "Some authors such as Geoffroy Murat tried to apply stakeholder's theory to irregular warfare."
- "It accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others."
- "It addresses morals and values in managing an organization, such as those related to corporate social responsibility, market economy, and social contract theory."
- "The stakeholder view of strategy integrates a resource-based view and a market-based view, and adds a socio-political level."
- "One common version of stakeholder theory seeks to define the specific stakeholders of a company (the normative theory of stakeholder identification)."
- "The descriptive theory of stakeholder salience examines the conditions under which managers treat these parties as stakeholders."
- "In fields such as law, management, and human resources, stakeholder theory succeeded in challenging the usual analysis frameworks."
- "Stakeholder theory suggests that stakeholders' needs should be put at the beginning of any action."
- "Some authors such as Geoffroy Murat tried to apply stakeholder's theory to irregular warfare."
- "It accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others."
- "It addresses morals and values in managing an organization, such as those related to corporate social responsibility, market economy, and social contract theory."
- "The stakeholder view of strategy integrates a resource-based view and a market-based view, and adds a socio-political level."
- "In fields such as law, management, and human resources, stakeholder theory succeeded in challenging the usual analysis frameworks."