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Stakeholder Theory: The State of the Art

Stakeholder Theory: The State of the Art

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R. Edward Freeman
Cambridge University Press
Edition: Illustrated, 4/1/2010
EAN 9780521137935, ISBN10: 0521137934

Paperback, 362 pages, 24.4 x 17 x 2.1 cm
Language: English

In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety of different fields, including strategic management, finance, accounting, management, marketing, law, health care, public policy, and environment. It also features in-depth discussions of two important areas that stakeholder theory has helped to shape and define: business ethics and corporate social responsibility. The book concludes by arguing that we should re-frame capitalism in the terms of stakeholder theory so that we come to see business as creating value for stakeholders.

List of figures
Acknowledgements
Preface
Part I. The Genesis of Stakeholder Theory
1. The problems that stakeholder theory tries to solve
2. The development of stakeholder theory
a brief history
3. Stakeholder theory, pragmatism, and method
Part II. Stakeholder Theory and the Traditional Disciplines of Business
4. Stakeholder theory and strategic management
5. Stakeholder theory in finance, accounting, management and marketing
6. Stakeholder theory in law, health care, public policy and environment
Part III. Stakeholder Theory, Ethics, and Corporate Social Responsibility (CSR)
7. Stakeholder theory and business ethics
8. Stakeholder theory and corporate social responsibility (CSR)
Part IV. Stakeholder Theory
Some Future Possibilities
9. Stakeholder theory and capitalism
10. Questions on the horizon
Bibliography
Index.

'The book is a great tool for those who want to have a deep understanding of different perspectives of stakeholder theory. It draws together research of over thirty years as it has been applied in a number of business contexts, in a way that allows readers to understand the evolution of theory, how it has been applied and what future avenues need exploration.' Michael Jay Polonsky, Deakin University, Melbourne