SlideShare a Scribd company logo
1 of 19
Stakeholder Theory A very brief overview Dr. Randy Richards, Ph.D. St. Ambrose University
Development ,[object Object],[object Object],[object Object]
Who are the stakeholders? ,[object Object],[object Object],[object Object],[object Object],[object Object]
In whose interest should a corporation be managed? ,[object Object],[object Object],[object Object],[object Object]
In whose interest: The Traditional Answer ,[object Object],[object Object],[object Object],[object Object]
A shareholder mission statement ,[object Object],[object Object],[object Object]
In whose interest:  the stake holder alternative ,[object Object],[object Object],[object Object]
A stakeholder mission statement ,[object Object],[object Object],[object Object]
Resource Base Stakeholders ,[object Object],[object Object],[object Object]
Owners / Shareholders ,[object Object],[object Object],[object Object],[object Object]
Stakes and expectations: Employees ,[object Object],[object Object],[object Object],[object Object]
Stakes and expectations: Customers ,[object Object],[object Object],[object Object],[object Object]
Stakes and expectations: Suppliers ,[object Object],[object Object],[object Object],[object Object]
Stakes and expectations: the community ,[object Object],[object Object],[object Object],[object Object]
How to decide in cases of conflicting interests? ,[object Object],[object Object],[object Object],[object Object]
The web of stakeholder relationships ,[object Object],[object Object],[object Object],[object Object]
 
 
 

More Related Content

What's hot

An Introduction To Stakeholder Theory
An Introduction To Stakeholder TheoryAn Introduction To Stakeholder Theory
An Introduction To Stakeholder Theorynturnbull
 
Stakeholders In Business
Stakeholders In BusinessStakeholders In Business
Stakeholders In BusinessRahul Sonawane
 
Business Strategy and Corporate Culture
Business Strategy and Corporate CultureBusiness Strategy and Corporate Culture
Business Strategy and Corporate CultureElijah Ezendu
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilitySondra Dellaripa
 
An overview of corporate governance
An overview of corporate governanceAn overview of corporate governance
An overview of corporate governanceChunchi Irving
 
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATIONSOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATIONRajat More
 
Managerial ethics and Social responsibility
Managerial ethics and Social responsibilityManagerial ethics and Social responsibility
Managerial ethics and Social responsibilitySajeed Mahaboob
 
Stakeholders and Issues Management Approaches
Stakeholders and Issues Management ApproachesStakeholders and Issues Management Approaches
Stakeholders and Issues Management Approachessarahobaidee
 
Lecture 4 organizational culture
Lecture 4 organizational cultureLecture 4 organizational culture
Lecture 4 organizational cultureChandan Sah
 
External Environment | Business Environment
External Environment | Business EnvironmentExternal Environment | Business Environment
External Environment | Business Environmentshubham ghimire
 
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...Firdaus Fitri Zainal Abidin
 
Corporate governance and social responsibility
Corporate governance and social responsibilityCorporate governance and social responsibility
Corporate governance and social responsibilityNeha Chauhan
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibilityRajesh Neithilath
 

What's hot (20)

An Introduction To Stakeholder Theory
An Introduction To Stakeholder TheoryAn Introduction To Stakeholder Theory
An Introduction To Stakeholder Theory
 
Corporate Governance
Corporate GovernanceCorporate Governance
Corporate Governance
 
Becg 2 1
Becg 2 1Becg 2 1
Becg 2 1
 
Stakeholders In Business
Stakeholders In BusinessStakeholders In Business
Stakeholders In Business
 
Business Strategy and Corporate Culture
Business Strategy and Corporate CultureBusiness Strategy and Corporate Culture
Business Strategy and Corporate Culture
 
agency theory
 agency theory agency theory
agency theory
 
CORPORATE GOVERNANCE
CORPORATE GOVERNANCECORPORATE GOVERNANCE
CORPORATE GOVERNANCE
 
Strategic Management Chapter 2
Strategic Management Chapter 2Strategic Management Chapter 2
Strategic Management Chapter 2
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
An overview of corporate governance
An overview of corporate governanceAn overview of corporate governance
An overview of corporate governance
 
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATIONSOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION
 
Managerial ethics and Social responsibility
Managerial ethics and Social responsibilityManagerial ethics and Social responsibility
Managerial ethics and Social responsibility
 
Stakeholders and Issues Management Approaches
Stakeholders and Issues Management ApproachesStakeholders and Issues Management Approaches
Stakeholders and Issues Management Approaches
 
Strategic leadership
Strategic leadershipStrategic leadership
Strategic leadership
 
Lecture 4 organizational culture
Lecture 4 organizational cultureLecture 4 organizational culture
Lecture 4 organizational culture
 
External Environment | Business Environment
External Environment | Business EnvironmentExternal Environment | Business Environment
External Environment | Business Environment
 
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
 
Stakeholders
StakeholdersStakeholders
Stakeholders
 
Corporate governance and social responsibility
Corporate governance and social responsibilityCorporate governance and social responsibility
Corporate governance and social responsibility
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 

Viewers also liked

Introduction to Stakeholder Analysis
Introduction to Stakeholder AnalysisIntroduction to Stakeholder Analysis
Introduction to Stakeholder AnalysisEndeavor Management
 
Corporate social responsibility powerpoint presentation templates
Corporate social responsibility powerpoint presentation templatesCorporate social responsibility powerpoint presentation templates
Corporate social responsibility powerpoint presentation templatesSlideTeam.net
 
Stakeholder theory & external & internal analysis
Stakeholder theory & external & internal analysis   Stakeholder theory & external & internal analysis
Stakeholder theory & external & internal analysis zaid alamir
 
Stakeholders
StakeholdersStakeholders
Stakeholdersm3ntos
 
18. Stakeholders
18. Stakeholders18. Stakeholders
18. StakeholdersNBHS
 
Critical evaluation of the potential of stakeholder theory to contribute to u...
Critical evaluation of the potential of stakeholder theory to contribute to u...Critical evaluation of the potential of stakeholder theory to contribute to u...
Critical evaluation of the potential of stakeholder theory to contribute to u...Kennedy Mbwette
 
GOOGLE GLASS AT ITS BEST
GOOGLE GLASS AT ITS BESTGOOGLE GLASS AT ITS BEST
GOOGLE GLASS AT ITS BESTSuhani Varshney
 
Google - Principle of Management (POM)
Google - Principle of Management (POM)Google - Principle of Management (POM)
Google - Principle of Management (POM)Aditya
 
What Would Google Do, Book Summary
What Would Google Do, Book SummaryWhat Would Google Do, Book Summary
What Would Google Do, Book SummarySteven Zwerink
 
Analyzing stakeholders sahil chawla
Analyzing stakeholders sahil chawlaAnalyzing stakeholders sahil chawla
Analyzing stakeholders sahil chawlaSahil Chawla
 
Stakeholder management
Stakeholder managementStakeholder management
Stakeholder managementkongara
 
Stakeholder management for events
Stakeholder management for eventsStakeholder management for events
Stakeholder management for eventsBeth McGowan
 

Viewers also liked (20)

Stakeholder Analysis
Stakeholder AnalysisStakeholder Analysis
Stakeholder Analysis
 
Introduction to Stakeholder Analysis
Introduction to Stakeholder AnalysisIntroduction to Stakeholder Analysis
Introduction to Stakeholder Analysis
 
Stakeholder Analysis
Stakeholder AnalysisStakeholder Analysis
Stakeholder Analysis
 
Corporate social responsibility powerpoint presentation templates
Corporate social responsibility powerpoint presentation templatesCorporate social responsibility powerpoint presentation templates
Corporate social responsibility powerpoint presentation templates
 
Stakeholder theory & external & internal analysis
Stakeholder theory & external & internal analysis   Stakeholder theory & external & internal analysis
Stakeholder theory & external & internal analysis
 
Stakeholders ppt
Stakeholders pptStakeholders ppt
Stakeholders ppt
 
Stakeholders
StakeholdersStakeholders
Stakeholders
 
Stakeholders
StakeholdersStakeholders
Stakeholders
 
Stakeholder Mapping
Stakeholder MappingStakeholder Mapping
Stakeholder Mapping
 
18. Stakeholders
18. Stakeholders18. Stakeholders
18. Stakeholders
 
Critical evaluation of the potential of stakeholder theory to contribute to u...
Critical evaluation of the potential of stakeholder theory to contribute to u...Critical evaluation of the potential of stakeholder theory to contribute to u...
Critical evaluation of the potential of stakeholder theory to contribute to u...
 
GOOGLE GLASS AT ITS BEST
GOOGLE GLASS AT ITS BESTGOOGLE GLASS AT ITS BEST
GOOGLE GLASS AT ITS BEST
 
Google - Principle of Management (POM)
Google - Principle of Management (POM)Google - Principle of Management (POM)
Google - Principle of Management (POM)
 
What Would Google Do, Book Summary
What Would Google Do, Book SummaryWhat Would Google Do, Book Summary
What Would Google Do, Book Summary
 
Analyzing stakeholders sahil chawla
Analyzing stakeholders sahil chawlaAnalyzing stakeholders sahil chawla
Analyzing stakeholders sahil chawla
 
Stakeholder management
Stakeholder managementStakeholder management
Stakeholder management
 
Stakeholder management
Stakeholder managementStakeholder management
Stakeholder management
 
Stakeholder management for events
Stakeholder management for eventsStakeholder management for events
Stakeholder management for events
 
Stakeholders
StakeholdersStakeholders
Stakeholders
 
Google csr
Google csrGoogle csr
Google csr
 

Similar to Stakeholder Theory

stakeholders.ppt
stakeholders.pptstakeholders.ppt
stakeholders.ppt2NewajShah
 
04. Corporate Social Responisbility
04. Corporate Social Responisbility04. Corporate Social Responisbility
04. Corporate Social ResponisbilityHamdoonHussain
 
Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...abhishek rane
 
MGMT 374 Week 2 Powerpoint
MGMT 374 Week 2 PowerpointMGMT 374 Week 2 Powerpoint
MGMT 374 Week 2 PowerpointMichael Hill
 
Corporate social responsibility-Intro.pptx
Corporate social responsibility-Intro.pptxCorporate social responsibility-Intro.pptx
Corporate social responsibility-Intro.pptxArshia81
 
Ldb FlashForward Sancassiani stakeholder engagement
Ldb FlashForward Sancassiani   stakeholder engagementLdb FlashForward Sancassiani   stakeholder engagement
Ldb FlashForward Sancassiani stakeholder engagementlaboratoridalbasso
 
CSR PPT2023.ppt
CSR PPT2023.pptCSR PPT2023.ppt
CSR PPT2023.pptMohanT33
 
Challenges Of Corporate Social Responsibility
Challenges Of Corporate Social ResponsibilityChallenges Of Corporate Social Responsibility
Challenges Of Corporate Social ResponsibilityElijah Ezendu
 
The Corporation And Its Stakeholders
The Corporation And Its StakeholdersThe Corporation And Its Stakeholders
The Corporation And Its StakeholdersHector Rodriguez
 
Building Corporate Alliances and Partnerships
Building Corporate Alliances and PartnershipsBuilding Corporate Alliances and Partnerships
Building Corporate Alliances and PartnershipsUniversity For Peace
 
Stanwick 03 stakeholders and csr
Stanwick 03   stakeholders and csrStanwick 03   stakeholders and csr
Stanwick 03 stakeholders and csrwadihaahmad
 
Lecture Two - The Business Case for Corporate Responsibility and Sustainability
Lecture Two - The Business Case for Corporate Responsibility and SustainabilityLecture Two - The Business Case for Corporate Responsibility and Sustainability
Lecture Two - The Business Case for Corporate Responsibility and SustainabilityInnovation Forum Publishing
 
Building Successful Communities
Building Successful CommunitiesBuilding Successful Communities
Building Successful CommunitiesRaghuveer Kovuru
 
Sustainability Through Partnerships Report - A Guide for Executives | Network...
Sustainability Through Partnerships Report - A Guide for Executives | Network...Sustainability Through Partnerships Report - A Guide for Executives | Network...
Sustainability Through Partnerships Report - A Guide for Executives | Network...Sustainable Brands
 

Similar to Stakeholder Theory (20)

stakeholders.ppt
stakeholders.pptstakeholders.ppt
stakeholders.ppt
 
04. Corporate Social Responisbility
04. Corporate Social Responisbility04. Corporate Social Responisbility
04. Corporate Social Responisbility
 
Corporate Governance
Corporate GovernanceCorporate Governance
Corporate Governance
 
Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...
 
Csr-new
Csr-newCsr-new
Csr-new
 
MGMT 374 Week 2 Powerpoint
MGMT 374 Week 2 PowerpointMGMT 374 Week 2 Powerpoint
MGMT 374 Week 2 Powerpoint
 
Corporate social responsibility-Intro.pptx
Corporate social responsibility-Intro.pptxCorporate social responsibility-Intro.pptx
Corporate social responsibility-Intro.pptx
 
Ldb FlashForward Sancassiani stakeholder engagement
Ldb FlashForward Sancassiani   stakeholder engagementLdb FlashForward Sancassiani   stakeholder engagement
Ldb FlashForward Sancassiani stakeholder engagement
 
CSR PPT2023.ppt
CSR PPT2023.pptCSR PPT2023.ppt
CSR PPT2023.ppt
 
Challenges Of Corporate Social Responsibility
Challenges Of Corporate Social ResponsibilityChallenges Of Corporate Social Responsibility
Challenges Of Corporate Social Responsibility
 
The Corporation And Its Stakeholders
The Corporation And Its StakeholdersThe Corporation And Its Stakeholders
The Corporation And Its Stakeholders
 
Corporate Citizenship
Corporate CitizenshipCorporate Citizenship
Corporate Citizenship
 
Building Corporate Alliances and Partnerships
Building Corporate Alliances and PartnershipsBuilding Corporate Alliances and Partnerships
Building Corporate Alliances and Partnerships
 
CSR
CSRCSR
CSR
 
Stanwick 03 stakeholders and csr
Stanwick 03   stakeholders and csrStanwick 03   stakeholders and csr
Stanwick 03 stakeholders and csr
 
Lecture Two - The Business Case for Corporate Responsibility and Sustainability
Lecture Two - The Business Case for Corporate Responsibility and SustainabilityLecture Two - The Business Case for Corporate Responsibility and Sustainability
Lecture Two - The Business Case for Corporate Responsibility and Sustainability
 
Building Successful Communities
Building Successful CommunitiesBuilding Successful Communities
Building Successful Communities
 
Sustainability Through Partnerships Report - A Guide for Executives | Network...
Sustainability Through Partnerships Report - A Guide for Executives | Network...Sustainability Through Partnerships Report - A Guide for Executives | Network...
Sustainability Through Partnerships Report - A Guide for Executives | Network...
 
Chapter_4.pptx
Chapter_4.pptxChapter_4.pptx
Chapter_4.pptx
 
Business Ethics
Business EthicsBusiness Ethics
Business Ethics
 

Stakeholder Theory

  • 1. Stakeholder Theory A very brief overview Dr. Randy Richards, Ph.D. St. Ambrose University
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.  
  • 18.  
  • 19.  

Editor's Notes

  1. The stakeholders in a firm are individuals and constituencies that contribute, either voluntarily or involuntarily, to its wealth-creating capacity and activities and who are therefore its potential beneficiaries and risk takers. ( Managing the Extended Enterprise: The New Stakeholder View by Post, Preston and Sachs, p. 8)