R. Edward Freeman

In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety of different fields, including strategic management, finance, accounting, management, marketing, law, health care, public policy, and environment. It also features in-depth discussions of two important areas that stakeholder theory has helped to shape and define: business ethics and corporate social responsibility. The book concludes by arguing that we should re-frame capitalism in the terms of stakeholder theory so that we come to see business as creating value for stakeholders.

Finalist, 2025 SIM Outstanding Book Award, Social Issues in Management Division, Academy of Management Dengue fever, a mosquito-borne viral infection, is a scourge of tropical climates. An extraordinary project in Indonesia, however, brought together a vast diversity of partners to combat the spread of the disease through innovative methods. This book tells the remarkable story of the fight against dengue and explores the implications for all social enterprises and business families seeking to tackle the world’s biggest challenges. R. Edward Freeman and Andrew Sell examine the contributions of the many stakeholders who worked together across national, regional, and local levels for more than a decade. A scientific breakthrough found that infecting mosquitoes with a bacterium could prevent them from transmitting dengue and other viruses. To reduce the toll of the disease, though, this discovery needed to go beyond the laboratory. In Indonesia, thousands of people across a broad swath of society—including a leading business family and its foundation, university and medical school faculty and staff, local volunteers, and the sultan of Yogyakarta—formed a multistakeholder partnership whose efforts ranged from funding and management to large-scale field studies through releasing mosquitoes in their own backyards. Freeman and Sell distill key takeaways about stakeholder engagement, multidisciplinary teamwork, and durable collaboration for readers seeking to implement transformative projects. Defeating Dengue is at once an insightful case study of the power of multistakeholder partnerships and a gripping story of scientific and social achievement.

Dengue fever, a mosquito-borne viral infection, is a scourge of tropical climates. An extraordinary project in Indonesia, however, brought together a vast diversity of partners to combat the spread of the disease through innovative methods. This book tells the remarkable story of the fight against dengue and explores the implications for all social enterprises and business families seeking to tackle the world’s biggest challenges. R. Edward Freeman and Andrew Sell examine the contributions of the many stakeholders who worked together across national, regional, and local levels for more than a decade. A scientific breakthrough found that infecting mosquitoes with a bacterium could prevent them from transmitting dengue and other viruses. To reduce the toll of the disease, though, this discovery needed to go beyond the laboratory. In Indonesia, thousands of people across a broad swath of society—including a leading business family and its foundation, university and medical school faculty and staff, local volunteers, and the sultan of Yogyakarta—formed a multistakeholder partnership whose efforts ranged from funding and management to large-scale field studies through releasing mosquitoes in their own backyards. Freeman and Sell distill key takeaways about stakeholder engagement, multidisciplinary teamwork, and durable collaboration for readers seeking to implement transformative projects. Defeating Dengue is at once an insightful case study of the power of multistakeholder partnerships and a gripping story of scientific and social achievement.

Leadership has become a prevalent concept across a variety of disciplines, among them history, politics, management studies, economics, and psychology. An array of definitions and theories have been proposed both by those who study leadership, and by those in leadership positions themselves. Here, Dominic Scott and R. Edward Freeman adopt a highly innovative approach by going back to one of the greatest thought leaders of all time, the Greek philosopher Plato. Plato brought a richness and complexity to common ideas about the nature and purpose of leadership. Rather than attempting to give a single 'one-size-fits-all' definition, his strategy was to break it into its different strands. He presents several 'models' of leadership, mostly through images or analogies: the leader as doctor, navigator, artist, teacher, shepherd, weaver, or sower. Each model points to features of leadership that we intuitively recognize to be important, and which still carry significant weight today, such as curing a social malaise or charting a new course. Scott and Freeman set out the essentials of Plato's thought and illustrate each model through modern case studies, including presidents, CEOs, and Nobel laureates. They also measure Plato's models against more recent concepts, using his insights to throw light on contemporary theory and practice. With a principal focus on leadership, and an assumption of no prior knowledge of Plato's works, this book takes a multi-faceted approach to a complex phenomenon.

The idea that business is only about the money doesn’t hold true in the twenty-first century, when companies around the world are giving up traditional distinctions in order to succeed. Yet our expectations for businesses remain under the sway of an outdated worldview that emphasizes profits for shareholders above all else. The Power of And offers a new narrative about the nature of business, revealing the focus on responsibility and ethics that unites today’s most influential ideas and companies. R. Edward Freeman, Kirsten E. Martin, and Bidhan L. Parmar detail an emerging business model built on five key concepts: prioritizing purpose as well as profits; creating value for stakeholders as well as shareholders; seeing business as embedded in society as well as markets; recognizing people’s full humanity as well as their economic interests; and integrating business and ethics into a more holistic model. Drawing on examples across companies, industries, and countries, they show that these values support persevering in hard times and prospering over the long term. Real-world success stories disprove the conventional wisdom that there are unavoidable trade-offs between acting ethically and succeeding financially. The Power of And presents a conceptual revolution about what it means for business to be responsible, providing a new story for us to tell in order to help all kinds of companies thrive.

The stakeholder perspective is an alternative way of understanding how companies and people create value and trade with each other. Freeman, Harrison and Zyglidopoulos discuss the foundation concepts and implementation of stakeholder management as well as the advantages this approach provides to firms and their managers. They present a number of tools that managers can use to implement stakeholder thinking, better understand stakeholders and create value with and for them. The Element concludes by discussing how managers can create stakeholder oriented control systems and by examining some of the important stakeholder-related issues that are worthy of future scholarly and managerial attention.

Business has a values problem. It's not just spectacular public scandals like Enron (which, incidentally, had a great corporate values statement). Many companies fail to live up to the standards they set for themselves, alienating the public and leaving employees cynical and disengaged - resulting in lower productivity, less innovation, and sometimes outright corruption. The reason, argue top scholars and consultants Edward Freeman and Ellen Auster, is that most companies' values are handed down from on high, with no employee input or discussion. This practically invites disconnects between intention and reality. To bridge this values gap, Freeman and Auster provide a process, Values through Conversation, that focuses on four key types of values: introspective (reflecting on who we are and how we do things), historical (understanding our past and how it influences us), relational (asking how we can best work together), and aspirational (articulating our hopes and dreams). By developing values through discussions - casual or formal, one-on-one or in groups - VTC ensures that they are dynamic and evolving, not static words on a wall or a website. Freeman and Auster offer advice, real-world examples, and sample questions to help you create values that are authentic and embraced because they are rooted in the lived experience of the organization.

Corporate social responsibility is examined in this book as multi-stakeholder approach to corporate governance. This volume outlines neo-institutional and stakeholder theories of the firm, new rational choice and social contract normative models, self regulatory and soft law models, and the advances from behavioural economics.

Corporate social responsibility is examined in this book as multi-stakeholder approach to corporate governance. This volume outlines neo-institutional and stakeholder theories of the firm, new rational choice and social contract normative models, self regulatory and soft law models, and the advances from behavioural economics.

In 1984, R. Edward Freeman published his landmark book, Strategic Management: A Stakeholder Approach, a work that set the agenda for what we now call stakeholder theory. In the intervening years, the literature on stakeholder theory has become vast and diverse. This book examines this body of research and assesses its relevance for our understanding of modern business. Beginning with a discussion of the origins and development of stakeholder theory, it shows how this corpus of theory has influenced a variety of different fields, including strategic management, finance, accounting, management, marketing, law, health care, public policy, and environment. It also features in-depth discussions of two important areas that stakeholder theory has helped to shape and define: business ethics and corporate social responsibility. The book concludes by arguing that we should re-frame capitalism in the terms of stakeholder theory so that we come to see business as creating value for stakeholders.

Strategic Management: A Stakeholder Approach was first published in 1984 as a part of the Pitman series in Business and Public Policy. Its publication proved to be a landmark moment in the development of stakeholder theory. Widely acknowledged as a world leader in business ethics and strategic management, R. Edward Freeman's foundational work continues to inspire scholars and students concerned with a more practical view of how business and capitalism actually work. Business can be understood as a system of how we create value for stakeholders. This worldview connects business and capitalism with ethics once and for all. On the 25th anniversary of publication, Cambridge University Press are delighted to be able to offer a new print-on-demand edition of his work to a new generation of readers.