Edward R. Freeman

Edward R. Freeman is a respected scholar known for developing the stakeholder theory in business. This idea emphasizes that companies should consider the interests of all groups affected by their actions—such as employees, customers, suppliers, communities, and shareholders—rather than focusing solely on maximizing shareholder profit. His approach encourages organizations to build sustainable relationships and create value for a broader range of stakeholders, fostering ethical and responsible business practices. Freeman’s work has influenced how companies think about their social responsibilities and long-term success.