The purpose of the modern corporation : a holistic view
Purpose: This paper aims to examine the shareholder versus stakeholder debate. This paper outlines how businesses are starting to move toward a stakeholder model, and also discusses what must be done to sustain the momentum toward the stakeholder model. Design/methodology/approach: This paper uses examples from organizations to highlight the momentum toward the stakeholder model. Findings: This paper suggests that countervailing forces - from financial analysts, institutional investors, and institutionalized practices in many corporations - will need to be overcome if businesses are to succeed in adopting the stakeholder model. Practical implications: Thus paper discusses the role of educators in the process of changing the mindset of students, executives, and others from a shareholder to stakeholder mindset. Originality/value: This paper discusses not only the trend toward the stakeholder model of businesses, but also how to sustain the momentum toward this model.
Year of publication: |
2020
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Authors: | Martin, John A. ; Butler, Frank C. |
Published in: |
Strategic Direction. - Emerald, ISSN 0258-0543, ZDB-ID 2089990-7. - Vol. 36.2020, 3 (08.02.), p. 4-7
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Publisher: |
Emerald |
Saved in:
Online Resource
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