Definition of Stakeholder theory:
A conceptual framework of business ethics and organizational management which addresses moral and ethical values in the management of a business or other organization. The stakeholder theory was first proposed in the book Strategic Management: A Stakeholder Approach by R. Edward Freeman and outlines how management can satisfy the interests of stakeholders in a business.
How to use Stakeholder theory in a sentence?
- I did not like the stakeholder theory because, like everything else, it was based in philosophy and not in truth.
- The stakeholder theory was especially interesting because a corporations first responsibility is profit to its shareholders, according to Milton Friedman.
- You may want to find a way to use the stakeholder theory for you so that you can grow your business quicker.
Meaning of Stakeholder theory & Stakeholder theory Definition