Freeman, R. Edward (theorist)

R. Edward Freeman is a prominent scholar in business ethics and management known for developing the Stakeholder Theory. This theory posits that businesses should consider the interests of all parties affected by their actions—such as employees, customers, suppliers, and the community—not just shareholders. Freeman argues that by addressing the needs and concerns of various stakeholders, companies can create more sustainable and ethical business practices. His work emphasizes the importance of long-term relationships and mutual benefit over short-term profits, encouraging a broader view of a company's social responsibilities.