Framework

Stakeholder theory

The question it answers

Before a major decision such as closing a plant or switching suppliers, which stakeholders beyond shareholders should the leadership team weigh, and how?

Origin
Freeman and McVea, 2001; Freeman, 1984
Diagram type
Hub diagram
Level of analysis
Firm
Topics
Ethics & corporate governanceStrategy & leadership
Clay balance scale with two level glass pans, icon for business ethics

Diagram

Stakeholder theory

The firm
Employees
Customers
Suppliers
Communities
Owners and lenders
Government

Sources

References

Listed A–Z by author surname, Harvard style. A source with a DOI links to https://doi.org/…; one without links to its page or says plainly that it has no DOI.

  1. Freeman, R.E. (1984) Strategic management: a stakeholder approach. Boston: Pitman.doi:10.1017/CBO9781139192675Source page
  2. Freeman, R.E. and McVea, J. (2001) A stakeholder approach to strategic management. SSRN (Darden Graduate School of Business Administration Working Paper No. 01-02).doi:10.2139/ssrn.263511Source page