Stakeholders Theory

The Stakeholder theory of the firm
(Course: Business ethics)

Coursework
2013

Faculty of
Economics

Content

Introduction ................................................................................................................................ 3
1

Basic idea of the Stakeholder Theory ................................................................................ 4
1.1
1.2

Who are the stakeholders ............................................................................................. 4

1.3

Why to deal with the interests of stakeholders ............................................................ 5

1.4

What do stakeholders expect from the firms ............................................................... 6

1.5
2

What is a stakeholder ................................................................................................... 4

Stakeholder Analysis ................................................................................................... 7

Concept of Stakeholder theory ......................................................................................... 10
2.1

3

Stakeholder theory from the Freeman’s view............................................................ 11

Normative and analytical theory ...................................................................................... 11
3.1

Normative theory ....................................................................................................... 12

3.2

Freeman’s normative theory ...................................................................................... 13

3.3

Analytical theory ....................................................................................................... 14

Conclusion ................................................................................................................................ 15

2

Introduction
In this coursework I would like to

References: 2. FREEMAN, R. Edward. Strategic management: a stakeholder approach. New York: Cambridge University Press, 2010 Press, 2010. ISBN 978-0-521-19081-7. 5. FRIEDMAN, Andrew L. a Samantha MILES. Stakeholders: Theory and practice. New York: Oxford University Press, 2006 Norderstedt: GRIN Verlag, 2009. ISBN 978-3-640-61574-2. Tools [online]. 1999. [cit. 2013-01-23]. vize [online]. 2010 [cit. 2013-01-23]. Available from : http://www.businessvize.cz/strategie/kdojsou-to-vlastne-stakeholders-a-proc-a-jak-se-o-ne-zajimat 16