“Somewhere in the past. organizations were quite simple, and 'doing business' consisted of buying raw material from suppliers, converting into products, and selling it to customers… For the most part owner-entrepreneurs founded such simple business and worked along with members of their families. The family-dominated business still accounts for a large portion of the business start today.”

—  R. Edward Freeman

Source: Strategic Management: A Stakeholder Approach, 2007, p. 5

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R. Edward Freeman 9
American academic 1951

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