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Stakeholder Approach To Corporate Sustainability: A Review

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  • Venkataraman S

    (Indian Institute of Management, Kozhikode)

Abstract

Stakeholder approach to management offers a distinctly different approach to managing corporations from the dominant “shareholder approach”, emphasizing the firm as balancing a confluence of co-operative and competitive interests representing an extended stakeholder base. This review examines the various dimensions that emerge in scholarly research associating stakeholder approaches to the theme of sustainable business. Stakeholder theory, particularly in its normative and instrumentalist approaches, is presented as a very naturally aligned theoretical framework for advancing the science and practice of sustainability. Nevertheless, risks also emerge in relying solely on a stakeholder approach to achieve sustainability. Gaps in research are identified.

Suggested Citation

  • Venkataraman S, 2019. "Stakeholder Approach To Corporate Sustainability: A Review," Working papers 319, Indian Institute of Management Kozhikode.
    • Handle: RePEc:iik:wpaper:319
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    Keywords

    Stakeholder; Corporate Sustainability;

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