The Stakeholder Theory and the Common Good

Stakeholder Theory suggests that businesses should consider the interests of all parties affected by their actions—including employees, customers, suppliers, communities, and shareholders—rather than focusing solely on maximizing profits for shareholders. The Common Good emphasizes actions that benefit society as a whole, promoting fairness, well-being, and sustainability. Together, these concepts advocate for businesses to operate responsibly, balancing profit with social and environmental responsibilities, ensuring their activities contribute positively to all stakeholders and the broader community.