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Preferred term

stakeholder theory  

Definition

  • Stakeholder theory has its roots in business and organization studies and is an umbrella term describing attempts to identify, explain, and prescribe an organization's relationship and responsibility to other actors. In the conventional model of the corporation, managers are seen as primarily beholden to the interests of their stockholders, or those with an economic share in the corporation. [Source: Encyclopedia of Communication Theory; Stakeholder Theory]

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URI

https://concepts.sagepub.com/social-science/concept/stakeholder_theory

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