R. Edward Freeman (Business Ethics)

R. Edward Freeman is a prominent figure in business ethics known for developing the Stakeholder Theory. This theory argues that businesses should consider the interests of all stakeholders—not just shareholders—when making decisions. Stakeholders can include employees, customers, suppliers, and the community. Freeman's work emphasizes that a company's success is tied to its ability to create value for all these groups, promoting ethical practices and social responsibility in business. His ideas challenge traditional profit-focused models, advocating for a more holistic approach to corporate governance and decision-making.