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 ...
An underlying principle of stakeholder engagement is that stakeholders have the chance to influence the decision-making process. A key part of this is multistakeholder governance. This differentiates stakeholder engagement from communications processes that seek to issue a message or influence groups to agree with a decision that is already made.
Stakeholder engagement emphasizes that corporations should take into account the effects of their actions and decision-making on their diverse stakeholders. In addition, in the stakeholder engagement, corporations should take into consideration the rights and expectations of their different supporters. [13]
positively associated with firm value in the short-term as well as over a sustained period.13 Researchers at Columbia Business School and the University of Maryland found that a higher proportion of women in senior management, not including the CEO, was associated with better firm performance, especially at organizations involved with innovation.14
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 ...
Pfizer's stock surged more than 4% Monday morning after reports that activist investor Starboard Value had taken a $1 billion stake in the pharma giant.The investor wants to help turn around the ...
The race to the White House is heating up, and Caroline Kennedy is the latest high-profile name to share her top pick for Democratic nominee.
A corporate stakeholder can affect or be affected by the actions of a business as a whole. Whereas shareholders are often the party with the most direct and obvious interest at stake in business decisions, they are one of various subsets of stakeholders, as customers and employees also have stakes in the outcome.