Freeman's

Freeman's refers to a concept in stakeholder theory that emphasizes the importance of considering all parties affected by a business's decisions, not just shareholders. Introduced by philosopher R. Edward Freeman in the 1980s, it argues that businesses should create value for all stakeholders, including employees, customers, suppliers, and the community, rather than focusing solely on profits. This approach promotes ethical management, sustainable practices, and stronger relationships, helping businesses thrive in the long run while acknowledging their wider social responsibilities.