Monday, March 20, 2006

LeverWealth: Cracks in the Foundation of Stakeholder Theory by: Andrew R. Weiss Introduction

LeverWealth: Cracks in the Foundation of Stakeholder Theory by: Andrew R. Weiss Introduction: Stakeholder Theory has become an established framework within which to identify and examine the impact of organization action. It has been used to inform discussion of corporate governance, business ethics, strategic management and organizational effectiveness.

The model rejects the idea that the enterprise exists to serve the interest of its owners, be that maximizing their wealth or some other reason for being in business. Rather, the model is based on the idea that the enterprise exists to serve the many stakeholders who have an interest in it or who in some way may be harmed'"

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