stakeholderism
nounEtymology From stakeholder + -ism.
1
Business The view that a business should promote the interests of its stakeholders (employees, customers, suppliers etc.), as opposed to only its shareholders.
- The state ownership of industry, as opposed to public services, would be abandoned, but social partnership and stakeholderism would be advanced as ways of balancing and humanising market relations.2005 August 15, David Clark, “Labour's new divide”, in The Guardian:
- Moreover, since the constitution of crossfunctional projects often involves the participation of actors from both customer and supplier firms, new-style principles of stakeholderism are diffusing along the supply chain.2010, Gary Herrigel, Manufacturing Possibilities […] , OUP Oxford, →ISBN, page 224:
- Related terms
- multistakeholderism