ArticleStrategy Science (INFORMS)

The New Stakeholder Theory on Organizational Purpose

Strategy Science contributors, 2023

https://pubsonline.informs.org/doi/10.1287/stsc.2023.0184

This academic article revisits stakeholder theory, arguing that organizational purpose should integrate value creation across stakeholders rather than prioritize shareholder primacy alone. It refines the theoretical foundations of stakeholder governance and connects purpose to competitive advantage, institutional trust, and long-term sustainability within complex economic and civic systems.

Notes on Related Topics

Long-Term Value & Business Strategy (A) – Argues that stakeholder integration strengthens competitive advantage over time.
Healthy, Stable Systems (A) – Connects firm purpose to institutional and societal stability.

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