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2 - Stakeholder theory

Published online by Cambridge University Press:  05 June 2012

David Bevan
Affiliation:
DePaul University
Patricia Werhane
Affiliation:
DePaul University
Mollie Painter-Morland
Affiliation:
DePaul University, Chicago
René ten Bos
Affiliation:
Radboud Universiteit Nijmegen
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Summary

Goals of this chapter

After reading this chapter you will be able to:

  • understand traditional stakeholder theory;

  • discuss its characteristics and indicative shortcomings;

  • critically evaluate stakeholder theory by considering Levinas's thinking.

Introduction

Simply put, a stakeholder is any group or individual who can affect, or is affected by, the achievement of a corporation's purpose. Stakeholders include employees, customers, suppliers, stockholders, banks, environmentalists, government and other groups who can help or hurt the corporation.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2011

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