R. Edward Freeman

R. Edward Freeman is a prominent scholar in business ethics known for his stakeholder theory. This theory suggests that businesses have a responsibility not just to their shareholders (owners) but also to all parties affected by their actions, including employees, customers, suppliers, and the community. Freeman argues that by considering the interests of all stakeholders, companies can create more sustainable and ethical practices, leading to long-term success. His work challenges traditional views of business that prioritize profit above all else, promoting a more inclusive approach to decision-making that benefits society as a whole.