What is the history of stakeholder theory?

What is the history of stakeholder theory?

Stakeholder theory emerged in the 1980s, primarily through the work of R. Edward Freeman. It challenges the traditional view that a company's sole responsibility is to its shareholders.

What were the key developments in the 1990s?

In the 1990s, stakeholder theory gained traction in business ethics and corporate social responsibility discussions, emphasizing the importance of considering all parties affected by business decisions.

How has stakeholder theory evolved in the 21st century?

In the 21st century, stakeholder theory has evolved to include a broader range of stakeholders, such as communities and the environment, reflecting a growing emphasis on sustainability and ethical business practices.

Can you give examples of companies that apply stakeholder theory?

Sure! Companies like Patagonia and Ben & Jerry's are known for their commitment to stakeholder theory, prioritizing social and environmental concerns alongside profit.