Carolina QuotesSomewhere 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 Connected to the Carolinas
Source
p. 5
- work
- Strategic Management: A Stakeholder Approach, 2007
- year
- 2007
- locator
- p. 5
Cite this record
“Somewhere in the past. organizations were quite simple, and …” R. Edward Freeman. Carolina Quotes, record CQ-C6A5231694. https://carolinaquotes.com/quote/c6a5231694
More from R. Edward Freeman
Lack of specificity around stakeholder identity remains a serious obstacle to the further development of stakeholder theory and its adoption in actual practice by business managers. Nowhere is this shortcoming more evident than in stakeholder theory's treatment of the constituency known as 'community.
"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.
A stakeholder in an organization is (by definition) any group or individual who can affect or is affected by the achievement of the organization's objectives.