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Stakeholder Theory - A Model for Strategic Management (Paperback, 1st ed. 2016)
Loot Price: R1,930
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Stakeholder Theory - A Model for Strategic Management (Paperback, 1st ed. 2016)
Series: SpringerBriefs in Ethics
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This book provides an academic introduction to, and presentation
and defence of stakeholder theory as a model for the strategic
management of businesses and corporations, as well as of public
organizations and institutions. The concept of the stakeholder is
generally applied to parties that affect or are affected by the
activities of private or public organizations. Distinct from
shareholders, stakeholders are those individuals, entities or
communities that have a connection with the activities of a
corporation, a firm or an organization. The notion of the
stakeholder is intimately linked to a conception of the business
firm as an entity founded on negotiated governance, in which the
maximization of value for the shareholder is not the ultimate
criterion. In this model, issues and interests that are not
directly associated with shareholders and investors, but which go
beyond capital to encompass the concerns of civil society, are
considered to be of central importance. This book provides a broad
overview of stakeholder theory, presenting it as an ethical
approach to strategic management that is both pragmatic and
applicable to developing democratic practices within corporations,
while at the same time suggesting ways in which elements of a
social contract can be elaborated within the context of
globalization.
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