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2021 | OriginalPaper | Chapter

1. Stakeholder Theory

Authors : Robbert Kivits, Sukanlaya Sawang

Published in: The Dynamism of Stakeholder Engagement

Publisher: Springer International Publishing

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Abstract

Interest in stakeholder theory has grown considerably since Freeman (1984) fully articulated a stakeholder framework in his seminal work Strategic Management: A Stakeholder Approach. Freeman drew on a variety of studies to develop his stakeholder approach. Using corporate planning, systems theory and Corporate Social Responsibility (CSR), he argued that existing management theories were not prepared enough to address “the quantity and kinds of change which are occurring in the business environment” (Freeman 1984, p. 5). Freeman defined a stakeholder as “any group or individual who can affect or is affected by the achievement of the organization’s objectives” (Freeman 1984, p. 46). Thereafter, the notion of stakeholding gained increasing presence in academic texts, media and government publications (Friedman and Miles 2002).

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next chapter Stakeholder Engagement
Footnotes
1
The stake in this case is an issue, identified by the person who makes the claim to the stake, i.e., the stakeholder. The stakeholder therefore is a person, or a collective, representing one or more issues, i.e., stakes. The stakeholder can have a certain level of salience, and attribute a certain level of urgency to the stake. A stakeholder however will not be attributed an ‘urgency’, and the stake itself cannot be assigned ‘salience’.
 
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Metadata
Title
Stakeholder Theory
Authors
Robbert Kivits
Sukanlaya Sawang
Copyright Year
2021
Book
The Dynamism of Stakeholder Engagement

Print ISBN: 978-3-030-70427-8

Electronic ISBN: 978-3-030-70428-5

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-3-030-70428-5_1