Freeman's Stakeholder Theory

Freeman's Stakeholder Theory suggests that businesses should consider the interests of all parties affected by their actions, not just shareholders. This includes employees, customers, suppliers, communities, and the environment. Rather than focusing solely on maximizing profits, companies should aim for a balance that benefits these various stakeholders. By addressing their needs and concerns, businesses can create long-term success and sustainability. This holistic approach encourages ethical decision-making and fosters cooperation, ultimately leading to better outcomes for both the company and society as a whole.