A dynamic perspective in Freeman’s stakeholder model

Yves Fassin

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: Stakeholder literature has acknowledged the need to complement the extant theory on stakeholder management by more dynamic perspectives. This article makes use of the recent terminology of stakewatcher and stakeseeker to illustrate the dynamic aspect of stakeholder theory transposed in the graphical representation of Freeman’s stakeholder model. Presenting a few selected case studies, it applies the scheme on the concept of value responsibility chain; it exemplifies the role of stakeseekers in various forms of activism, from shareholders, NGOs and government, in the stakeholder mobilization process. The paper clarifies how stakewatchers and stakeseekers can profoundly affect stakeholder salience, especially in crises. The transposition and integration of the dynamic aspect of stakeholder theory into the graphical representation strengthen the forceful pedagogical value of the Freeman’s stakeholder graphical model.

Keywords: Activist; dynamism; graphical representation; NGO; Olympic Games; responsibility; stakeholder; stakeholder model; stakeholder theory; stakeseeker; stakewatcher. (search for similar items in EconPapers)
Pages: 25 pages
Date: 2011-06
New Economics Papers: this item is included in nep-cse
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://wps-feb.ugent.be/Papers/wp_11_727.pdf (application/pdf)

Related works:
Journal Article: A Dynamic Perspective in Freeman’s Stakeholder Model (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:11/727

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