Stakeholder Theory: the state of the art (1)

The Stakeholder Theory is the main theory commonly associated with social issues related to management. Stakeholder Theory is defined as "a theory of organisational management and ethics in which stakeholders and their interactions with the firm are viewed as a series of activities loading to end results that are implicitly valued and morally impacted’ . Using social drivers and barriers, the Stakeholder Theory considers all incfvlduals who are socially impacted or have a social impact on the firm. This theory was developed by R. Edward Freeman in early 1980s. Freeman’s early book. Strategic Management: A Stakeholder Approach, which was produced in 1984 was written as a textbook for business policy and strategy courses.