© 2016

Stakeholder Theory

A Model for Strategic Management


  • Proposes a non-descriptive version of stakeholder theory

  • Shows how elements of this strategic management theory have spread to other fields, including political science, international relations, political and moral philosophy, and organizational studies.

  • Shows how stakeholder theory can be used as a strategic management approach that is both pragmatic and applicable to developing democratic practices within corporations

  • Provides an academic introduction to and presentation of stakeholder theory


Part of the SpringerBriefs in Ethics book series (BRIEFSETHIC)

Table of contents

  1. Front Matter
    Pages i-xv
  2. Maria Bonnafous-Boucher, Jacob Dahl Rendtorff
    Pages 1-20
  3. Maria Bonnafous-Boucher, Jacob Dahl Rendtorff
    Pages 21-39
  4. Maria Bonnafous-Boucher, Jacob Dahl Rendtorff
    Pages 41-51
  5. Maria Bonnafous-Boucher, Jacob Dahl Rendtorff
    Pages 53-65
  6. Maria Bonnafous-Boucher, Jacob Dahl Rendtorff
    Pages 67-78
  7. Back Matter
    Pages 79-92

About this book


This book presents an academic introduction, presentation and argument of stakeholder theory as as a model for strategic management of business firms and corporations and public organizations and institutions. The concept of stakeholder is generally used for the parties that affect or are affected by the activities of private or public organizations. Stakeholders are those interested parties who, other than shareholders, have a connection with the activities of a corporation, a firm or an organization. The reference to the stakeholders refers to a conception of a business firm as founded on negotiated governance, where the maximization of the value for the shareholder is not the ultimate criterion. In this model the stakes and the interests that are not those of shareholders or investors, and which go beyond capital and include civil society, are important. This book presents this theory and makes it known as an ethical model for strategic management that is both concrete and useful for developing democracy in the firm, and making it possible to present elements of a social contract in the context of global capitalism.


stakeholder theory stakeholder management the concept of stakeholder business studies and ethics philosophical foundations of stakeholder theory conceptual framework for business ethics epistemological debates theoretical pluralism identifying stakeholders critiques of stakeholder theory strategic management stakeholder theory in corporate strategy the stakeholder wheel strategic marketing and research in negotiation a theory of organizations

Authors and affiliations

  1. 1.French Ministry of Foreign Affairs, Novancia Business SchoolParisFrance
  2. 2.Roskilde UniversityRoskildeDenmark

About the authors

Maria Bonnafous-Boucher, PhD, HDR Paris-Dauphine University, is currently Deputy Counsellor at the Embassy of France in Turkey. Previously Director of Research at Novancia Business School, Paris, and Vice-President in charge of Research at EBEN France, she is the author of several books and articles on stakeholder theory and governance, including Stakeholder Theory , Palgrave, 2005; Décider avec les parties prenantes (“Making decisions with stakeholders”), La Découverte, 2006;  “Towards a stakeholder society: stakeholder theory vs the theory of civil society in European Management Review, special issue, “Re-thinking the firm in a post-crisis world”, eds., Freeman E. and Zollo, M., 2010; and La théorie des parties prenantes (“Stakeholder Theory”), La Découverte, 2014. In 2016, she was awarded the FORDE Prize (France, Rennes School of Law and Business Studies) for the body of her work on stakeholder theory.<


Born in 1965, Jacob Dahl Rendtorff, PhD and dr. scient. adm. is Associate Professor of Responsibility, Ethics and Legitimacy of Corporations at Roskilde University, Denmark. Rendtorff has a research background in ethics, business ethics, bioethics, information ethics, political theory and the philosophy of law. He has written a substantial number of articles and twelve books on existentialism and hermeneutics, French philosophy, ethics, bioethics and business ethics, as well as the philosophy of law, and has either co-authored or edited  a dozen more. Notable amongst them are Basic Ethical Principles in European Bioethics and Biolaw, Copenhagen and Barcelona, 2000 (with Peter Kemp); and Responsibility, Ethics and Legitimacy of Corporations, Copenhagen Business School Press, Copenhagen 2009. More recently, he published French Philosophy and Social Theory. A Perspective for Ethics and Philosophy of Management, Ethical Economy Series, Springer 2014. Rendtorff is also one of the editors of The Balanced Company. Organizing for the 21st Century, Gower, London 2013. He is Head of the Scandinavian Chapter of EBEN (European Business Ethics Network).

Bibliographic information

  • Book Title Stakeholder Theory
  • Book Subtitle A Model for Strategic Management
  • Authors Maria Bonnafous-Boucher
    Jacob Dahl Rendtorff
  • Series Title SpringerBriefs in Ethics
  • Series Abbreviated Title SpringerBriefs in Ethics
  • DOI
  • Copyright Information The Author(s) 2016
  • Publisher Name Springer, Cham
  • eBook Packages Religion and Philosophy Philosophy and Religion (R0)
  • Softcover ISBN 978-3-319-44355-3
  • eBook ISBN 978-3-319-44356-0
  • Series ISSN 2211-8101
  • Series E-ISSN 2211-811X
  • Edition Number 1
  • Number of Pages XV, 92
  • Number of Illustrations 13 b/w illustrations, 0 illustrations in colour
  • Topics Ethics
    Business and Management, general
  • Buy this book on publisher's site
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