Stakeholder Value Perspective

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Definition: Stakeholder Value Perspective is the view that sees organizations primarily as coalitions which must serve all parties involved. The organizational purpose is to achieve satisfaction among all stakeholders.
Stakeholder value advocates believe that the success of an organization should be measured by the satisfaction among all stakeholders. And they see stakeholder management both as an end/purpose and as a means. Unlike proponents of the shareholder value perspective, they believe that social responsibility is an organizational matter. Also they claim that society is best served by organizations pursuing joint interests and economic symbiosis.