Strategic Management
A Stakeholder Approach

Strategic Management: A Stakeholder Approach was first published in 1984 as a part of the Pitman series in Business and Public Policy. Its publication proved to be a landmark moment in the development of stakeholder theory. Widely acknowledged as a world leader in business ethics and strategic management, R. Edward Freeman's foundational work continues to inspire scholars and students concerned with a more practical view of how business and capitalism actually work. Business can be understood as a system of how we create value for stakeholders. This worldview connects business and capitalism with ethics once and for all. On the 25th anniversary of publication, Cambridge University Press are delighted to be able to offer a new print-on-demand edition of his work to a new generation of readers.

Part I. The Stakeholder Approach: 1. Managing in turbulent times; 2. The stakeholder concept and strategic management; 3. Stakeholder management: framework and philosophy; Part II. Strategic Management Processes: 4. Setting strategic direction; 5. Formulating strategies for stakeholders; 6. Implementing and monitoring stakeholder strategies; Part III. Implications for Theory and Practice: 7. Conflict at the board level; 8. The functional disciplines of management; 9. The role of the executive.

R. Edward Freeman is Olsson Professor of Business Administration and Co-Director of the Olsson Center for Applied Ethics at the Darden School, University of Virginia. He is Adjunct Professor of Stakeholder Management at the Copenhagen Business School. Professor Freeman's new book, Managing for Stakeholders, co-authored with Jeffrey Harrison and Andrew Wicks, was published in 2007 by Yale University Press. In 1984 he published Strategic Management: A Stakeholder Approach, where he traced the origins of the stakeholder idea and suggested that businesses build their strategy around their relationships with key stakeholders. He was awarded an honorary doctorate, Doctor Honoris Causa, by Universidad Pontificia Comillas, Madrid, and has a Ph.D. in Philosophy from Washington University.