STAKEHOLDER ENGAGEMENT It is believed that the term “stakeholder” in relation to organizations has been used since the 1930s, when it was first suggested that businesses had at least four major groups of stakeholders: shareowners, employees, customers and the general public. Decades later, as interest in...
Sustainable entrepreneurship is based on the premise that companies need to move beyond focusing exclusively on short-term financial results for their owners and acknowledge and accept responsibilities to other stakeholders including investors, employees, regulators and society in general. In fact, at its core, sustainability really...
Communities generally appreciate most of the tangible benefits that companies provide including jobs, support for local businesses and nonprofit organizations and assistance with maintaining the infrastructure upon which all community members depend. However, there is at least one other important thing that companies can do...