The stakeholder approach to the firm: a practical way forward or a rhetorical flourish?
Leslie Hamilton
(Lecturer at Leeds Metropolitan University, Leeds, UK)
Thomas Clarke
(DBM Professor of Corporate Governance at Leeds Metropolitan University, Leeds, UK)
1093
Abstract
Discusses the recent interest in a stakeholder approach as an alternative approach to competitive individualism in organizations. Examines the economic philosophy which underpins the traditional view of shareholder primacy and explores whether the approach is viable and realistic in contemporary circumstances. Concludes that in future, the stakeholder approach may be a commercial necessity.
Keywords
Citation
Hamilton, L. and Clarke, T. (1996), "The stakeholder approach to the firm: a practical way forward or a rhetorical flourish?", Career Development International, Vol. 1 No. 2, pp. 39-41. https://doi.org/10.1108/13620439610114333
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited