Year: 2005
Type: article
Abstract: hile the stakeholder concept was first introduced in the 1960s (Stoney and Winstanley, 2001), it was not until the mid-1980s that the concept started to gain widespread acceptance in the United States, with the publication of Freeman's (1984) book, Strategic Management: A Stakeholder Approach .Since then, numerous conceptual, theoretical, and empirical studies have been conducted with the stakeholder concept as a central theme.While this body of literature is indeed impressive, far less has been done to integrate and implement this knowledge into conceptual and process models that can facilitate the actual practice of stakeholder management within contemporary organizations.This paper will attempt to begin to fill this void by carefully constructing a comprehensive process model of stakeholder management.The model will draw on relevant articles in the extant literature on stakeholder management and corporate examples to provide a theoretically well grounded, yet practical approach for organizations to utilize in successfully managing their stakeholder relations.Recently, Logsdon (2004) utilized a similar type general process model to specify the steps in operationalizing the complex concept of global business citizenship.The paper will begin with a review of some of the early history of the stakeholder concept.This will be followed by a section on how
Source: Business and Society Review
Author: JOHN F. PREBLE
Institution: University of Delaware
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2061147929