Carolina QuotesA 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.
R. Edward Freeman Connected to the Carolinas
Source
p. 46
- work
- A stakeholder approach to strategic management, 1984
- year
- 1984
- locator
- p. 46
Cite this record
“A stakeholder in an organization is (by definition) any grou…” R. Edward Freeman. Carolina Quotes, record CQ-DD035C0F4C. https://carolinaquotes.com/quote/dd035c0f4c
More from R. Edward Freeman
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.
Historically, moves to new ways of moral decision making depend on and occur in pockets of people of good will, who can explore with each other novel ways of relating without threatening or being threatened.
"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.