R. Edward Freeman: Concept

R. Edward Freeman is American academic. Explore interesting quotes on concept.
R. Edward Freeman: 18   quotes 1   like

“"Stakeholder Management" as a concept, refers to the necessity for an organization to manage the relationships with its specific stakeholder groups in an action-oriented way.”

R. Edward Freeman

Source: A stakeholder approach to strategic management, 1984, p. 52

Way

“The stakeholder concept was originally defined as "those groups without whose support the organization would cease to exist." The list of stakeholders originally included shareowners, employees, customers, suppliers, lenders and society. Stemming from the work of Igor Ansoff and Robert Stewart (in the planning department at Lockheed) and, later Marion Doscher and Stewart at SRI, the original approach served an important information function in the SRI corporate planning.”

R. Edward Freeman

R. Edward Freeman (2010) Strategic Management: A Stakeholder Approach. p. 32

Support

“We are in need of new concepts… which reorient our way of looking at the world to encompass present and future changes. I believe [in] the predominant framework for modern corporation… the corporation is viewed as a resource-conversion entity, taking raw material and converting tme into products, with dollars measuring the transaction. Returns are provided to owners in the form of dividends or capital appreciation in the marketplace.”

R. Edward Freeman

Source: Strategic Management: A Stakeholder Approach, 2007, p. 7

World , Way , Change , Future

“While there have been many criticisms of the research in corporate social responsibility, perhaps the most troubling issue is the very nature of 'corporate social responsibility' as if the concept were needed to augment the study of business policy. Corporate social responsibility was often looked at as an “add on” to “business as usual” and the phrase often heard from executives is “corporate social responsibility is fine, if you can afford it.
We need to understand the complex interconnections between economic and social forces. Isolating "social issues" as separate from the economic impact which they have, and conversely isolating economic issues as if they had no social effect, misses the mark both managerially and intellectually. Actions aimed at one side will not address the concerns of the other. Processes, techniques and theories that do not consider all of these forces will fail to describe and predict the business world as it really is.”

R. Edward Freeman

Source: A stakeholder approach to strategic management, 1984, p. 40

World , Understanding , Business , Nature