How does Freeman define stakeholder?
How does Freeman define stakeholder?
Freeman suggests that a company’s stakeholders are “those groups without whose support the organization would cease to exist.” These groups would include customers, employees, suppliers, political action groups, environmental groups, local communities, the media, financial institutions, governmental groups, and more.
Who defined stakeholder?
The international standard providing guidance on social responsibility, called ISO 26000, defines a stakeholder as an “individual or group that has an interest in any decision or activity of an organization.”
What is a stakeholder according to?
A stakeholder is an individual or a group that claims to have one or more stakes in an organization. A person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization’s actions, objectives, and policies.
Who are stakeholders of a project?
Stakeholders are those with an interest in your project’s outcome. They are typically the members of a project team, project managers, executives, project sponsors, customers, and users.
What is internal stakeholder?
Internal stakeholders are people whose interest in a company comes through a direct relationship, such as employment, ownership, or investment. External stakeholders are those who do not directly work with a company but are affected somehow by the actions and outcomes of the business.
What is the stakeholder theory of Edward Freeman?
Edward Freeman ’s stakeholder theory holds that a company’s stakeholders include just about anyone affected by the company and its workings. That view is in opposition to the long-held shareholder theory proposed by economist Milton Friedman that in capitalism, the only stakeholders a company should care about are its shareholders – and thus,
What are the different types of stakeholders under stakeholder theory?
Under stakeholder theory, however, those shareholders could be joined by several other types of stakeholders, each with its own interests relative to the company. Here are a few possible stakeholders with interest in this company and its projects: Employees: The employees want to be treated and compensated fairly, and work reasonable hours.
What is Cleland’s stakeholder management process?
Cleland (1986) introduced stakeholders and stakeholder management processes to the project management canon by highlighting the importance of stakeholder identification, classification, analysis, and management approach formulation.
Who wrote Strategic Management a stakeholder approach?
Freeman, R.E. (1984) Strategic Management A Stakeholder Approach. Pitman, Boston. – References – Scientific Research Publishing Freeman, R.E. (1984) Strategic Management: A Stakeholder Approach. Pitman, Boston. has been cited by the following article:
