The Freeman Stakeholder Model

The Freeman Stakeholder Model suggests that businesses should consider the interests of all parties affected by their operations, not just shareholders. Stakeholders include employees, customers, suppliers, communities, and the environment. By recognizing and balancing these diverse interests, companies can create sustainable value and improve their reputation. This approach encourages collaboration and ethical decision-making, promoting long-term success rather than short-term profits. In essence, it advocates for a more holistic view of a business's role in society, where the well-being of all stakeholders is prioritized.