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| Author: | Fassin, Y. |
| Title: | The stakeholder model refined |
| Journal: | Journal of Business Ethics
2009 : JAN I, VOL. 84:1, p. 113-135 |
| Index terms: | stakeholders theories models |
| Language: | eng |
| Abstract: | In order to transfer ethics to management practice and strategy, stakeholder management has become an important tool. Legitimate criticism continues to insist on clarification and emphasizes on the perfectible nature of the model. In this article, a different and innovative approach has been chosen with the analysis returning to the origin of stakeholder theory and keeping the graphical framework firmly in perspective. The ambiguity and the vagueness of the stakeholder concept are discussed from managerial and legal approaches. The impacts of two major shortcomings of the popular stakeholder framework are examined. It is attempted to clarify the categorizations and classifications by introducing new terminology with a distinction btw. stakeholders, stakewatchers and stakekeepers. Finally, the analysis will lead to a proposed upgraded and refined version of the stakeholder model. |
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