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Series:   Elements in Organization Theory

Stakeholder Theory

Concepts and Strategies

Published online by Cambridge University Press:  18 August 2018

R. Edward Freeman ,
Jeffrey S. Harrison  and
Stelios Zyglidopoulos
R. Edward Freeman
Affiliation:
University of Virginia
Jeffrey S. Harrison
Affiliation:
University of Richmond
Stelios Zyglidopoulos
Affiliation:
Kedge Business School

Summary

The stakeholder perspective is an alternative way of understanding how companies and people create value and trade with each other. Freeman, Harrison and Zyglidopoulos discuss the foundation concepts and implementation of stakeholder management as well as the advantages this approach provides to firms and their managers. They present a number of tools that managers can use to implement stakeholder thinking, better understand stakeholders and create value with and for them. The Element concludes by discussing how managers can create stakeholder oriented control systems and by examining some of the important stakeholder-related issues that are worthy of future scholarly and managerial attention.
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Keywords

enterprise strategystakeholder control systemsstakeholder managementstakeholder theoryvalue creation
Type
Element
Information
Series: Elements in Organization Theory
Online ISBN: 9781108539500
Publisher: Cambridge University Press
Print publication: 30 August 2018

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References

Primary Sources

Freeman, R. Edward. Strategic management: A stakeholder approach. Boston: Pitman, 1984 (republished in 2010 by Cambridge University Press).Google Scholar
Freeman, R. Edward, Harrison, Jeffrey S., & Wicks, Andrew C. Managing for stakeholders: Survival, reputation and success. New Haven, CT: Yale University Press, 2007.Google Scholar
Freeman, R. Edward, Harrison, Jeffrey S., Wicks, Andrew C., Parmar, Bidhan, & de Colle, Simone. Stakeholder theory: The state of the art. Cambridge: Cambridge University Press, 2010.CrossRefGoogle Scholar
Friedman, Andrew L., & Miles, Samantha. Stakeholders: Theory and practice. Oxford: Oxford University Press, 2006.CrossRefGoogle Scholar
Phillips, Robert. Stakeholder theory and organizational ethics. San Francisco: Berrett-Koehler, 2003.Google Scholar
Sachs, Sybille, & Rühli, Edwin. Stakeholders matter: A new paradigm for strategy in society. Cambridge: Cambridge University Press, 2011.Google Scholar

Secondary Sources

Freeman, R. Edward, Wicks, Andrew, C., & Parmar, Bidhan 2004. Stakeholder theory and “the corporate objective revisited.” Organization Science, 15(3), 364–369.Google Scholar
Harrison, Jeffrey S., & Bosse, Douglas A. 2013. How much is too much? The limits to generous treatment of stakeholders. Business Horizons, 56(3), 313–322.CrossRefGoogle Scholar
Harrison, Jeffrey S., Bosse, Douglas A., & Phillips, Robert A. 2010. Managing for stakeholders, stakeholder utility functions and competitive advantage. Strategic Management Journal, 31(1), 58–74.CrossRefGoogle Scholar
Harrison, Jeffrey S., & St. John, Caron H. 1996. Managing and partnering with external stakeholders. Academy of Management Executive, 10(2), 46–60.Google Scholar
Jones, Thomas M. 1995. Instrumental stakeholder theory: A synthesis of ethics and economics. Academy of Management Review, 20(2), 404–437.CrossRefGoogle Scholar
McVea, John F., & Freeman, R. Edward. 2005. A names-and-faces approach to stakeholder management: How focusing on stakeholders as individuals can bring ethics and entrepreneurial strategy together. Journal of Management Inquiry, 14(1), 57–69.CrossRefGoogle Scholar
Phillips, Robert, Freeman, R. Edward, & Wicks, Andrew C. 2003. What stakeholder theory is not. Business Ethics Quarterly, 13(4), 479–502.CrossRefGoogle Scholar
Strand, Robert, & Freeman, R. Edward. 2015. Scandinavian cooperative advantage: The theory and practice of stakeholder engagement in Scandinavia. Journal of Business Ethics, 127(1), 65–85.Google Scholar
Zyglidopoulos, Stelios C. 2002. The social and environmental responsibilities of multinationals: Evidence from the Brent Spar case. Journal of Business Ethics, 36(1–2), 141–151.CrossRefGoogle Scholar
Zyglidopoulos, Stelios C. 2003. The issue life-cycle: Implications for reputation for social performance and organizational legitimacy.” Corporate Reputation Review, 6(1), 70–81.CrossRefGoogle Scholar

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