The Argument for Stakeholder Principles - The Vital Edge. This post summarizes a 1995 academic paper by Thomas Donaldson and Lee E. Preston, called “The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications.” From time-to-time, I will highlight important papers like this to make them more easily accessible. What is a Stakeholder?
Flipping that definition a bit, you could also say that stakeholders are those people with a legitimate interest in the firm, which is to say, people who stand to gain from the successful operation of the business. The stakeholder perspective differs from the traditional view of business, which is sometimes pictured as an “input-output” model, where investors, suppliers and employees contribute inputs into the firm, with the resulting outputs going out to the customer: In contrast, the stakeholder model pictures many more players at the table, each contributing and receiving something from the firm’s operations: Why Care About Stakeholder Theory? What’s Best for Society? This tension is valuable. Life Inc. Books Life Inc. How Corporatism Conquered the World,and How We Can Take It Back This didn't just happen.
In Life Inc., award-winning writer, documentary filmmaker, and scholar Douglas Rushkoff traces how corporations went from a convenient legal fiction to the dominant fact of contemporary life. Indeed as Rushkoff shows, most Americans have so willingly adopted the values of corporations that they're no longer even aware of it.
This fascinating journey reveals the roots of our debacle, from the late Middle Ages to today. From the founding of the chartered monopoly to the branding of the self; from the invention of central currency to the privatization of banking; from the birth of the modern, self-interested individual to his exploitation through the false ideal of the single-family home; from the Victorian Great Exhibition to the solipsism of MySpace; the corporation has infiltrated all aspects of our daily lives. Corporatism didn't evolve naturally. Life Inc. Life Inc. Life Inc. IBC - Off Shore.
Comparison Chart: What Are the Differences Between Different Corporate Structures? | Company Activities & Management > Company Strategy from SF_Gate. Business Structures - Business Structure Guide. Choose the Right Legal Structure for your Company Business structures can vary as widely as the types of businesses that use them. When setting up a business, choosing the right structure can be critical to the success and life of the company. Sole Proprietor: this is the most traditional form of business, where one simply goes into business in their own name or under a "doing business as" (DBA) trade name.
It offers the least protection to the owner of the business but is the simplest to set up. Partnership: this is another very common form of business ownership. Corporations: this is a form of business ownership that creates a separate legal entity which is jointly owned by multiple investors. Limited Liability Companies: these are a relatively new addition to the forms of business ownership. Choosing a Legal Structure for your Business Business IncorporationWhen beginning a business, you must decide what form of business entity to establish. Sole Proprietorship Information Incorporation.