stakeholderism

Etymology

Definitions

1. 1

   The view that a business should promote the interests of its stakeholders (employees,…

   The view that a business should promote the interests of its stakeholders (employees, customers, suppliers etc.), as opposed to only its shareholders.

   • The state ownership of industry, as opposed to public services, would be abandoned, but social partnership and stakeholderism would be advanced as ways of balancing and humanising market relations.
   • Moreover, since the constitution of crossfunctional projects often involves the participation of actors from both customer and supplier firms, new-style principles of stakeholderism are diffusing along the supply chain.

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