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Essay Details:
Essay text:
Edward Freeman
And
John McVea
The Darden School
University of Virginia
Forthcoming in M. Hitt, E. Freeman, and J. Harrison (eds.)
Handbook of Strategic Management, Oxford: Blackwell
Publishing.
INTRODUCTION
The purpose of this chapter is to outline the development of the idea of
"stakeholder management" as it has come to be applied in strategic management. We
begin by developing a brief history of the concept. We then suggest that traditionally the
stakeholder approach to strategic management has several related characteristics that
serve as distinguishing features. We review recent work on stakeholder theory and
suggest how stakeholder management has affected the practice of management...
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