The Shareholder Versus The Stakeholder Approach

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The shareholder versus the stakeholder approach

Anonim
The shareholder versus the stakeholder approach Book PDF

Author : Anonim
Publisher : GRIN Verlag
Page : 21 pages
File Size : 51,7 Mb
Release : 2019-09-19
Category : Business & Economics
ISBN : 9783346019226

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The shareholder versus the stakeholder approach by Anonim Pdf

Seminar paper from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, Pforzheim University, language: English, abstract: This essay deals with the importance and interests of different stakeholders and tries to identify how they affect the success of a business. Firstly, the essay will compare the shareholder and stakeholder theory and afterwards, the importance of employees, customers, creditors, suppliers and social stakeholders will be discussed. Further, this essay illustrates the drivers and changes of trust in a company. It is often assumed that shareholders are the most important stakeholder group in any business. However, there are two main competing theories that argue how a company should be run: the shareholder approach and the stakeholder approach. On the one hand, the shareholder approach claims for profit maximisation of the shareholder as the only objective of business. On the other hand, the stakeholder approach suggests satisfying the interest of various stakeholders. In practice, shareholder models have dominated in the past. However, corporate scandals and the financial crisis have raised doubts about that model and led to a loss of trust.

Stakeholder Capitalism

Klaus Schwab
Stakeholder Capitalism Book PDF

Author : Klaus Schwab
Publisher : John Wiley & Sons
Page : 311 pages
File Size : 55,9 Mb
Release : 2021-01-27
Category : Business & Economics
ISBN : 9781119756132

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Stakeholder Capitalism by Klaus Schwab Pdf

Reimagining our global economy so it becomes more sustainable and prosperous for all Our global economic system is broken. But we can replace the current picture of global upheaval, unsustainability, and uncertainty with one of an economy that works for all people, and the planet. First, we must eliminate rising income inequality within societies where productivity and wage growth has slowed. Second, we must reduce the dampening effect of monopoly market power wielded by large corporations on innovation and productivity gains. And finally, the short-sighted exploitation of natural resources that is corroding the environment and affecting the lives of many for the worse must end. The debate over the causes of the broken economy—laissez-faire government, poorly managed globalization, the rise of technology in favor of the few, or yet another reason—is wide open. Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet argues convincingly that if we don't start with recognizing the true shape of our problems, our current system will continue to fail us. To help us see our challenges more clearly, Schwab—the Founder and Executive Chairman of the World Economic Forum—looks for the real causes of our system's shortcomings, and for solutions in best practices from around the world in places as diverse as China, Denmark, Ethiopia, Germany, Indonesia, New Zealand, and Singapore. And in doing so, Schwab finds emerging examples of new ways of doing things that provide grounds for hope, including: Individual agency: how countries and policies can make a difference against large external forces A clearly defined social contract: agreement on shared values and goals allows government, business, and individuals to produce the most optimal outcomes Planning for future generations: short-sighted presentism harms our shared future, and that of those yet to be born Better measures of economic success: move beyond a myopic focus on GDP to more complete, human-scaled measures of societal flourishing By accurately describing our real situation, Stakeholder Capitalism is able to pinpoint achievable ways to deal with our problems. Chapter by chapter, Professor Schwab shows us that there are ways for everyone at all levels of society to reshape the broken pieces of the global economy and—country by country, company by company, and citizen by citizen—glue them back together in a way that benefits us all.

The Cambridge Handbook of Stakeholder Theory

Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips
The Cambridge Handbook of Stakeholder Theory Book PDF

Author : Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips
Publisher : Cambridge University Press
Page : 301 pages
File Size : 45,6 Mb
Release : 2019-05-09
Category : Business & Economics
ISBN : 9781107191464

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The Cambridge Handbook of Stakeholder Theory by Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips Pdf

A comprehensive foundation for stakeholder theory, written by many of the most respected and highly cited experts in the field.

Strategic Management

R. Edward Freeman
Strategic Management Book PDF

Author : R. Edward Freeman
Publisher : Cambridge University Press
Page : 294 pages
File Size : 50,6 Mb
Release : 2010-03-11
Category : Business & Economics
ISBN : 9780521151740

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Strategic Management by R. Edward Freeman Pdf

Re-issue of a foundational work in the field of business ethics from R. Edward Freeman.

Managing for Stakeholders

R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks
Managing for Stakeholders Book PDF

Author : R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks
Publisher : Yale University Press
Page : 200 pages
File Size : 41,9 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9780300138498

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Managing for Stakeholders by R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks Pdf

Managing for Stakeholders: Survival, Reputation, and Success, the culmination of twenty years of research, interviews, and observations in the workplace, makes a major new contribution to management thinking and practice. Current ways of thinking about business and stakeholder management usually ask the Value Allocation Question: How should we distribute the burdens and benefits of corporate activities among stakeholders? Managing for Stakeholders, however, helps leaders develop a mindset that instead asks the Value Creation Question: How can we create as much value as possible for all of our stakeholders?Business is about how customers, suppliers, employees, financiers (stockholders, bondholders, banks, etc.), communities, the media, and managers interact and create value. World-renowned management scholar R. Edward Freeman and his coauthors outline ten concrete principles and seven practical techniques for managing stakeholder relationships in order to ensure a firm’s survival, reputation, and success. Managing for Stakeholders is a revolutionary book that will change not only how managers do business but also how they recognize and evaluate business opportunities that would otherwise be invisible.

Stakeholder Theory

Maria Bonnafous-Boucher,Jacob Dahl Rendtorff
Stakeholder Theory Book PDF

Author : Maria Bonnafous-Boucher,Jacob Dahl Rendtorff
Publisher : Springer
Page : 92 pages
File Size : 41,6 Mb
Release : 2016-11-08
Category : Philosophy
ISBN : 9783319443560

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Stakeholder Theory by Maria Bonnafous-Boucher,Jacob Dahl Rendtorff Pdf

This book provides an academic introduction to, and presentation and defence of stakeholder theory as a model for the strategic management of businesses and corporations, as well as of public organizations and institutions. The concept of the stakeholder is generally applied to parties that affect or are affected by the activities of private or public organizations. Distinct from shareholders, stakeholders are those individuals, entities or communities that have a connection with the activities of a corporation, a firm or an organization. The notion of the stakeholder is intimately linked to a conception of the business firm as an entity founded on negotiated governance, in which the maximization of value for the shareholder is not the ultimate criterion. In this model, issues and interests that are not directly associated with shareholders and investors, but which go beyond capital to encompass the concerns of civil society, are considered to be of central importance. This book provides a broad overview of stakeholder theory, presenting it as an ethical approach to strategic management that is both pragmatic and applicable to developing democratic practices within corporations, while at the same time suggesting ways in which elements of a social contract can be elaborated within the context of globalization.

Stakeholder Theory

Robert A. Phillips
Stakeholder Theory Book PDF

Author : Robert A. Phillips
Publisher : Edward Elgar Publishing
Page : 257 pages
File Size : 42,7 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9780857936349

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Stakeholder Theory by Robert A. Phillips Pdf

Honoring the twenty-fifth anniversary of one of the most influential books in the history of business strategy and ethics, R. Edward Freeman's Strategic Management: A Stakeholder Approach, this work assembles a collection of contributions by the most influential and widely cited scholars working in the area of stakeholder scholarship today. The analyses collected here comment on the impact Freeman's book - and stakeholder theory more generally - has had upon the fields of management and organizational ethics. This study also includes original responses from Freeman himself. As the conversation about stakeholders hits its academic and popular stride, this timely volume provides both a retrospective of stakeholder theory's history as well as a guide to the questions that are likely to emerge during the next quarter century, providing a new foundation for future theory and practice. This volume will be an indispensible resource for any serious scholar working in the area of stakeholder theory. Additionally, because the language of managing stakeholder relationships is becoming increasingly popular, practicing executives and NGO members will find this an exceptional and informative reference.

Capitalism, Corporations and the Social Contract

Samuel F. Mansell
Capitalism Corporations and the Social Contract Book PDF

Author : Samuel F. Mansell
Publisher : Cambridge University Press
Page : 199 pages
File Size : 40,8 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9781107015524

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Capitalism, Corporations and the Social Contract by Samuel F. Mansell Pdf

Samuel Mansell critiques the principles of stakeholder theory, proposing instead a qualified version of Friedman's shareholder theory.

Stakeholder Theory

R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks,Bidhan L. Parmar,Simone de Colle
Stakeholder Theory Book PDF

Author : R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks,Bidhan L. Parmar,Simone de Colle
Publisher : Cambridge University Press
Page : 128 pages
File Size : 50,9 Mb
Release : 2010-04-01
Category : Business & Economics
ISBN : 9781139484114

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Stakeholder Theory by R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks,Bidhan L. Parmar,Simone de Colle Pdf

In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety of different fields, including strategic management, finance, accounting, management, marketing, law, health care, public policy, and environment. It also features in-depth discussions of two important areas that stakeholder theory has helped to shape and define: business ethics and corporate social responsibility. The book concludes by arguing that we should re-frame capitalism in the terms of stakeholder theory so that we come to see business as creating value for stakeholders.

Stakeholders

Andrew L. Friedman,Samantha Miles
Stakeholders Book PDF

Author : Andrew L. Friedman,Samantha Miles
Publisher : Oxford University Press, USA
Page : 330 pages
File Size : 55,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780199269860

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Stakeholders by Andrew L. Friedman,Samantha Miles Pdf

'Stakeholders' includes a discussion of the concept of 'the stakeholder' in fields such as management, corporate governance, accounting and finance, strategy, sociology, and politics, and in public policy debate. Practical examples are used to examine a range of stakeholders.

Encyclopedia of Corporate Social Responsibility

Samuel O. Idowu,Nicholas Capaldi,Liangrong Zu,Ananda Das Gupta
Encyclopedia of Corporate Social Responsibility Book PDF

Author : Samuel O. Idowu,Nicholas Capaldi,Liangrong Zu,Ananda Das Gupta
Publisher : Springer
Page : 0 pages
File Size : 52,6 Mb
Release : 2013-01-27
Category : Business & Economics
ISBN : 3642280358

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Encyclopedia of Corporate Social Responsibility by Samuel O. Idowu,Nicholas Capaldi,Liangrong Zu,Ananda Das Gupta Pdf

The role of Corporate Social Responsibility in the business world has developed from a fig leaf marketing front into an important aspect of corporate behavior over the past several years. Sustainable strategies are valued, desired and deployed more and more by relevant players in many industries all over the world. Both research and corporate practice therefore see CSR as a guiding principle for business success. The “Encyclopedia of Corporate Social Responsibility” has been conceived to assist researchers and practitioners to align business and societal objectives. All actors in the field will find reliable and up to date definitions and explanations of the key terms of CSR in this authoritative and comprehensive reference work. Leading experts from the global CSR community have contributed to make the “Encyclopedia of Corporate Social Responsibility” the definitive resource for this field of research and practice.

The Shareholder Value Myth

Lynn Stout
The Shareholder Value Myth Book PDF

Author : Lynn Stout
Publisher : Berrett-Koehler Publishers
Page : 151 pages
File Size : 41,9 Mb
Release : 2012-05-07
Category : Business & Economics
ISBN : 9781605098166

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The Shareholder Value Myth by Lynn Stout Pdf

An in-depth look at the trouble with shareholder value thinking and at better options for models of corporate purpose. Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society. “A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term.” —Constance E. Bagley, professor, Yale School of Management; president, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally “A compelling call for radically changing the way business is done... The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity.” —Joel Bakan, professor, The University of British Columbia, and author of the book and film The Corporation “Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity.” —Jack Willoughby, senior editor, Barron’s “Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy.” —Judy Samuelson, executive director, Business and Society Program, The Aspen Institute

The Sustainable Company

Sigurt Vitols and Norbert Kluge
The Sustainable Company Book PDF

Author : Sigurt Vitols and Norbert Kluge
Publisher : ETUI
Page : 266 pages
File Size : 45,7 Mb
Release : 2011
Category : Corporate governance
ISBN : 9782874522192

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The Sustainable Company by Sigurt Vitols and Norbert Kluge Pdf

For the past two decades corporate governance reform in Europe has been guided by the ‘shareholder value’ model of the firm. That model has been discredited as one of the major causes of the financial and economic crisis. In a new book published by the ETUI an alternative approach to corporate governance is presented by members of the GOODCORP network of researchers and trade unionists. This new approach, entitled the Sustainable Company, draws on both traditional ‘stakeholder’ models of the firm and newer concerns with sustainability. The main elements of the Sustainable Company and the institutions needed to support it are presented. Key themes in the book are the need for worker ‘voice’ in corporate governance and for a binding legislative framework to promote sustainability. Individual chapters deal with the issues of worker involvement, employee shareholding, sustainability-oriented remuneration, international framework agreements, NGO-trade union relationships, reforming financial regulation and carbon taxes and emissions-trading schemes.

The Power of And

R. Edward Freeman,Bidhan L. Parmar,Kirsten Martin
The Power of And Book PDF

Author : R. Edward Freeman,Bidhan L. Parmar,Kirsten Martin
Publisher : Columbia University Press
Page : 202 pages
File Size : 44,7 Mb
Release : 2020-06-16
Category : Business & Economics
ISBN : 9780231547895

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The Power of And by R. Edward Freeman,Bidhan L. Parmar,Kirsten Martin Pdf

The idea that business is only about the money doesn’t hold true in the twenty-first century, when companies around the world are giving up traditional distinctions in order to succeed. Yet our expectations for businesses remain under the sway of an outdated worldview that emphasizes profits for shareholders above all else. The Power of And offers a new narrative about the nature of business, revealing the focus on responsibility and ethics that unites today’s most influential ideas and companies. R. Edward Freeman, Kirsten E. Martin, and Bidhan L. Parmar detail an emerging business model built on five key concepts: prioritizing purpose as well as profits; creating value for stakeholders as well as shareholders; seeing business as embedded in society as well as markets; recognizing people’s full humanity as well as their economic interests; and integrating business and ethics into a more holistic model. Drawing on examples across companies, industries, and countries, they show that these values support persevering in hard times and prospering over the long term. Real-world success stories disprove the conventional wisdom that there are unavoidable trade-offs between acting ethically and succeeding financially. The Power of And presents a conceptual revolution about what it means for business to be responsible, providing a new story for us to tell in order to help all kinds of companies thrive.

The Battle Between Stakeholders and Stockholders

Maria Kimme
The Battle Between Stakeholders and Stockholders Book PDF

Author : Maria Kimme
Publisher : GRIN Verlag
Page : 19 pages
File Size : 54,7 Mb
Release : 2005-02-14
Category : Business & Economics
ISBN : 9783638350167

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The Battle Between Stakeholders and Stockholders by Maria Kimme Pdf

Intermediate Diploma Thesis from the year 2001 in the subject Business economics - Investment and Finance, grade: 1.3, Maastricht University, course: 2nd year paper, language: English, abstract: When Frederick Winslow Taylor practiced his idea of scientific management, owners where the only stakeholders, who ever counted. Till way passed the two world wars, the situation did not change. Managers were obligated to pursue owners’ interests, which were merely making money. Employees had to work hard and were badly compensated, consequences for the environment were not known, and customers bought what they could get. When the markets became maturated, customers started to gain bargaining power and companies had to take their interests and needs into account. Strategic marketing of goods implied advertising and customer orientation. This trend accelerated and globalization, workers’ unions, environmental concern, and supplier relationships are just a few of many crucial external influences, a business has to face in today’s world. As Daft (2001: 11) states “Organizations get into trouble when they fail to pay attention to ethical issues in the blind pursuit of making money.” But how far does this attention really go? Many companies still pursue the ir only goal, namely maximizing shareholder value, and react to the needs of the other stakeholders only when great pressure is exercised. If those enterprises still survive, are stakeholders’ concerns of any importance? Or to phrase it differently: Which approach should today’s companies follow, the stockholder theory or the stakeholder approach? To answer this question, this paper will proceed with following sub-points. Firstly, a definition and explanation of the above mentioned theories will be provided. The stakeholder theory will be further underlined by the description of the normative grounds, which it is based on. The paper will clarify also, whether companies do have a social responsibility. The attributes, which separate stakeholders from non-stakeholders will be outlined next. Continuing, different views on those theories will be disclosed and examples for both approaches described, before the paper will end with some thoughts of mine and a conclusion.