One of the central uses of stakeholder theory, in its original form, was as a counterpoint to the idea that corporations should be managed in the interests of shareholders. As the theory developed the debate was often framed in terms of quot;shareholders vs. stakeholders.quot; While developing...

This case series (see also the A case, UVA-E-0214) frames a common business situation in which the protagonist (in this case, a commercial lender who has made a mistake that could cost him his job) is faced with making a decision for which no outcome is desirable

This case series (see also the A case, UVA-E-0214) frames a common business situation in which the protagonist (in this case, a commercial lender who has made a mistake that could cost him his job) is faced with making a decision for which no outcome is desirable

There is a malaise in the business academy, with much noise but not much change. This essay suggests an underlying cause of the current difficulties. We argue the challenges facing management scholarship and education grow out of a fundamental misunderstanding of the nature of business itself....

The purpose of this essay is to outline an emerging view of business that we shall call quot;managing for stakeholders.quot; This view has emerged over the past thirty years from a group of scholars in a diverse set of disciplines, from finance to philosophy. The basic idea is that businesses,...