grad-strat-stakeholder
Stakeholder Theory
Overview
Stakeholder theory (Freeman, 1984) argues that firms must manage relationships with all groups who can affect or are affected by the organization — not just shareholders. Mitchell, Agle, and Wood (1997) introduced the salience model to solve the practical problem: which stakeholders deserve managerial attention?
When to Use
- Mapping stakeholders for strategic decisions, projects, or crises
- Prioritizing stakeholder demands when they conflict
- Designing stakeholder engagement strategies
- Evaluating CSR or ESG initiatives through a stakeholder lens
Assumptions
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