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Assessing the Understanding of Stakeholders about the Stakeholder Theory toward the Local Economic Development initiatives for Helao Nafidi Town Council in Ohangwena Region, Namibia

Author

Listed:
  • Eliud Mandume Shiwayu
  • John Sifani
  • Isidor Haufiku

Abstract

The objective of this study was to assess the stakeholders’ understanding of the stakeholder theory (ST) toward the Local Economic Development (LED) initiatives in Helao Nafidi Town Council (HNTC) of Ohangwena region (OhR), Namibia. The understanding of stakeholders on ST signifies informative and integrated information aimed at attaining the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs), which combine environmental, economic, social, institutional, and political aspects by identifying their interlinkages in realizing the LED in local governments. This study assesses stakeholders' understanding of ST towards LED initiatives in HNTC. Thus, the study used a stakeholders’ theory (ST), which provides a framework for exploring the processes of understanding stakeholders in a management sense, and the questionnaires were designed to meet the objectives of this study. The data was collected through the quantitative research method (QRM) and analyzed using Microsoft Excel (MSE), which provided relevant analysis for the data. The assessment of stakeholders’ understanding of ST conducted in this study indicates that the ST process is influenced by both internal and external stakeholders (90%) and the relevant principles regarding intervention strategies (83%) for the LED initiative.

Suggested Citation

  • Eliud Mandume Shiwayu & John Sifani & Isidor Haufiku, 2026. "Assessing the Understanding of Stakeholders about the Stakeholder Theory toward the Local Economic Development initiatives for Helao Nafidi Town Council in Ohangwena Region, Namibia," International Journal of Business and Management, Canadian Center of Science and Education, vol. 21(3), pages 1-57, May.
    • Handle: RePEc:ibn:ijbmjn:v:21:y:2026:i:3:p:57
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    References listed on IDEAS

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    1. Birte Freudenreich & Florian Lüdeke-Freund & Stefan Schaltegger, 2020. "A Stakeholder Theory Perspective on Business Models: Value Creation for Sustainability," Journal of Business Ethics, Springer, vol. 166(1), pages 3-18, September.
    2. Riikka Tapaninaho & Anna Heikkinen, 2022. "Value creation in circular economy business for sustainability: A stakeholder relationship perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 31(6), pages 2728-2740, September.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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