TY  - CHAP
AB  - Abstract The importance of organizational-stakeholder relationships has been an interesting subject in the organizational literature.In this chapter, the evolution of the concept of stakeholder and how crucial is the company’s interaction and cooperation with them to achieve common goals has been studied. Initially stakeholder was considered a synonym of shareholder but throughout the years the category has expanded including managers, employees, suppliers, and other key actors, until the current meaning: stakeholder is “any group or individuals who can affect or is affected by the achievement of the organization’s objectives” (Freeman, 1994). Hence for running successful businesses, the companies need to acknowledge the existing stakeholders and provide them expected benefits, proportionally to their relevance, which is based on their power, legitimacy, and urgency. The chapter concludes by showing us the main principles that identify the management duties to all stakeholders and the necessity of increasing their involvement in decision-making processes.
SN  - 978-1-78769-804-8, 978-1-78769-801-7/
DO  - 10.1108/978-1-78769-801-720191002
UR  - https://doi.org/10.1108/978-1-78769-801-720191002
AU  - Atti Giovanni
AU  - Galantini Valentina
AU  - Sartor Marco
ED  - Marco Sartor
ED  - Guido Orzes
PY  - 2019
Y1  - 2019/01/01
TI  - Stakeholder Management
T2  - Quality Management: Tools, Methods, and Standards
PB  - Emerald Publishing Limited
SP  - 23
EP  - 34
Y2  - 2024/04/25
ER  -