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What is the relationship between stakeholder capitalism and stakeholder theory? Robert McClenon ( talk) 04:34, 15 September 2021 (UTC)
A. They are terms that are used synonymously, and the article should so indicate, and stakeholder capitalism can continue to be a redirect to stakeholder theory.
B. Stakeholder theory is a subset of stakeholder capitalism, as explained in the subsection below. They are distinct concepts and require separate articles.
C. Stakeholder theory is a subset of stakeholder capitalism, as explained in the subsection below. They can both be discussed in separate sections of one article, which will be expanded to discuss the subset-superset relationship. The current redirect can be preserved.
D. Other - Please specify
Indicate your view on the question in the Survey with a brief statement. Do not reply to other editors in the Brief Explanatory Statements or in the Survey. Back-and-forth discussion is permitted in the Threaded Discussion.
I would like to clarify that Stakeholder Capitalism is in fact an economic reform movement to enhance the effectiveness of Capitalism by addressing the needs of all stakeholders and the environment.
Stakeholder Theory, as the Wikipedia article clearly states, is simply one of many theories for organizational management.
While the term "stakeholder" is used in both instances, the two topics are actually quite different, as Stakeholder Capitalism is focused on a reform of the entire system of capitalism while the other is a theory for how to manage people more effectively in an organization.
Bolgerb1953 ( talk) 13:19, 13 September 2021 (UTC)
These are two names for the same concept. The only sourced definition we have is from Investopedia, which defines Stakeholder capitalism as "a system in which corporations are oriented to serve the interests of all their stakeholders. Among the key stakeholders are customers, suppliers, employees, shareholders and local communities." Stakeholder theory is defined by our article as "a theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others." - the same thing. So, which name to use? Per this ngram link from google books, 'Stakeholder theory' is the common name. MrOllie ( talk) 19:53, 14 September 2021 (UTC)
If you folks are serious about finding the truth, why doesn't someone contact the father of Stakeholder Theory, R.Edward Freeman. He is alive and well. He writes in an article to be published this Monday: "“I look at Stakeholder Theory as the underlying idea that gave rise to the thinking behind the Stakeholder Capitalism movement."
He would be happy to correspond with any of you: freemane@darden.virginia.edu
Putting these two subjects together is like putting Socialism and Communism in the same Wikipedia article.
They should be separate articles....If you refuse to do that than at the very least the Stakeholder Theory article has to be updated.
Bolgerb1953 ( talk) 14:07, 25 September 2021 (UTC)
Here is a comment from the London Business School professor whose work the editors for some reason are ignoring:
"Thanks for sharing the discussion. It seems that the other folks don’t actually understand stakeholder capitalism. It’s nice in a way that people are willing to give up their time to ensure the integrity of Wikipedia, but you should not be allowed to cancel other people if you have no expertise."
Alex Edmans | Professor of Finance London Business School, Regent’s Park, London NW1 4SA Assistant: Janet Chater | jchater@london.edu
Bolgerb1953 (
talk)
14:30, 25 September 2021 (UTC)
Thanks. I would be happy to remove any references to our content. In fact, the latest version has removed all such references. There is even a way to address the definition discussion without any reference to me. This debate between two professors on Stakeholder Capitalism is occurring on Oct. 5 in which the various definitions will be discussed. You will note that I have nothing to do with this event and that there is not even a mention of Stakeholder Theory: https://zoom.us/webinar/register/WN_P8LVVPnySCe2L2p66qxzfg
Likewise, this organization, with which I have no affiliation, offers 10 podcasts on Stakeholder Capitalism by business leaders and academics...Again, you will find no mention of Stakeholder Theory: https://www.instituteforcorporatetransformation.com/podcast
Finally, Grand Canyon University has a program on Stakeholder Capitalism that it also calls Conscious Capitalism with no reference to Stakeholder Theory. https://www.gcu.edu/colangelo-college-of-business/conscious-capitalism
I can easily find sources that do not involve any of our content.
Bolgerb1953 ( talk) 13:14, 29 September 2021 (UTC)
Lest there be any doubt that Stakeholder Capitalism is a movement quite distinct from the Stakeholder Theory approach to organizational management, please note the reference to the term "Stakeholder Capitalism" in a letter sent last week to Pres. Biden in the US by a half-dozen or so Democrats in Congress that makes a specific reference to Stakeholder Capitalism as a reform movement. There is no mention of Stakeholder Theory as an organizational management process.
https://www.warner.senate.gov/public/index.cfm/pressreleases?ID=3A602004-6F1E-45C3-85E3-D1C6F7099CBC
Bolgerb1953 ( talk) 13:33, 29 September 2021 (UTC)
Thanks for the time you and for that of the other volunteers who are taking to understand this. Yes, I agree with your assessment: Stakeholder Capitalism is a macroeconomic model and reform movement and Stakeholder Theory is a management approach that would exist with or without Stakeholder Capitalism, and which was in fact conceived long before it. I am not sure why the individual writings of professors on this subject is not a reliable source but I leave that to you. Also, in our world of business journalism, we contact sources to verify information directly, and the experts on this subject are happy to talk with Wikipedia volunteers. I have provided the email address for the professor who conceived of Stakeholder Theory.
Even though our organization is an important source of information on this subject, I have no need to have any of our information published in Wikipedia. The goal is to give people a place to go to find out more about Stakeholder Capitalism when they read or hear about it...Sending them to an article on Stakeholder Theory is nothing short of inaccurate and confusing and does not due justice to either subject.
Bolgerb1953 ( talk) 14:41, 30 September 2021 (UTC)
Has anyone noticed in this thread that there is also an entry in Wikipedia on Stakeholder Management? See: /info/en/?search=Stakeholder_management
While Stakeholder Capitalism is clearly a movement and Stakeholder Theory an an organizational management process, what's the rationale for having a separate entry for Stakeholder Management?
Bolgerb1953 ( talk) 21:30, 3 October 2021 (UTC)
This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||
|
Archives ( Index) |
This page is archived by
ClueBot III.
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What is the relationship between stakeholder capitalism and stakeholder theory? Robert McClenon ( talk) 04:34, 15 September 2021 (UTC)
A. They are terms that are used synonymously, and the article should so indicate, and stakeholder capitalism can continue to be a redirect to stakeholder theory.
B. Stakeholder theory is a subset of stakeholder capitalism, as explained in the subsection below. They are distinct concepts and require separate articles.
C. Stakeholder theory is a subset of stakeholder capitalism, as explained in the subsection below. They can both be discussed in separate sections of one article, which will be expanded to discuss the subset-superset relationship. The current redirect can be preserved.
D. Other - Please specify
Indicate your view on the question in the Survey with a brief statement. Do not reply to other editors in the Brief Explanatory Statements or in the Survey. Back-and-forth discussion is permitted in the Threaded Discussion.
I would like to clarify that Stakeholder Capitalism is in fact an economic reform movement to enhance the effectiveness of Capitalism by addressing the needs of all stakeholders and the environment.
Stakeholder Theory, as the Wikipedia article clearly states, is simply one of many theories for organizational management.
While the term "stakeholder" is used in both instances, the two topics are actually quite different, as Stakeholder Capitalism is focused on a reform of the entire system of capitalism while the other is a theory for how to manage people more effectively in an organization.
Bolgerb1953 ( talk) 13:19, 13 September 2021 (UTC)
These are two names for the same concept. The only sourced definition we have is from Investopedia, which defines Stakeholder capitalism as "a system in which corporations are oriented to serve the interests of all their stakeholders. Among the key stakeholders are customers, suppliers, employees, shareholders and local communities." Stakeholder theory is defined by our article as "a theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others." - the same thing. So, which name to use? Per this ngram link from google books, 'Stakeholder theory' is the common name. MrOllie ( talk) 19:53, 14 September 2021 (UTC)
If you folks are serious about finding the truth, why doesn't someone contact the father of Stakeholder Theory, R.Edward Freeman. He is alive and well. He writes in an article to be published this Monday: "“I look at Stakeholder Theory as the underlying idea that gave rise to the thinking behind the Stakeholder Capitalism movement."
He would be happy to correspond with any of you: freemane@darden.virginia.edu
Putting these two subjects together is like putting Socialism and Communism in the same Wikipedia article.
They should be separate articles....If you refuse to do that than at the very least the Stakeholder Theory article has to be updated.
Bolgerb1953 ( talk) 14:07, 25 September 2021 (UTC)
Here is a comment from the London Business School professor whose work the editors for some reason are ignoring:
"Thanks for sharing the discussion. It seems that the other folks don’t actually understand stakeholder capitalism. It’s nice in a way that people are willing to give up their time to ensure the integrity of Wikipedia, but you should not be allowed to cancel other people if you have no expertise."
Alex Edmans | Professor of Finance London Business School, Regent’s Park, London NW1 4SA Assistant: Janet Chater | jchater@london.edu
Bolgerb1953 (
talk)
14:30, 25 September 2021 (UTC)
Thanks. I would be happy to remove any references to our content. In fact, the latest version has removed all such references. There is even a way to address the definition discussion without any reference to me. This debate between two professors on Stakeholder Capitalism is occurring on Oct. 5 in which the various definitions will be discussed. You will note that I have nothing to do with this event and that there is not even a mention of Stakeholder Theory: https://zoom.us/webinar/register/WN_P8LVVPnySCe2L2p66qxzfg
Likewise, this organization, with which I have no affiliation, offers 10 podcasts on Stakeholder Capitalism by business leaders and academics...Again, you will find no mention of Stakeholder Theory: https://www.instituteforcorporatetransformation.com/podcast
Finally, Grand Canyon University has a program on Stakeholder Capitalism that it also calls Conscious Capitalism with no reference to Stakeholder Theory. https://www.gcu.edu/colangelo-college-of-business/conscious-capitalism
I can easily find sources that do not involve any of our content.
Bolgerb1953 ( talk) 13:14, 29 September 2021 (UTC)
Lest there be any doubt that Stakeholder Capitalism is a movement quite distinct from the Stakeholder Theory approach to organizational management, please note the reference to the term "Stakeholder Capitalism" in a letter sent last week to Pres. Biden in the US by a half-dozen or so Democrats in Congress that makes a specific reference to Stakeholder Capitalism as a reform movement. There is no mention of Stakeholder Theory as an organizational management process.
https://www.warner.senate.gov/public/index.cfm/pressreleases?ID=3A602004-6F1E-45C3-85E3-D1C6F7099CBC
Bolgerb1953 ( talk) 13:33, 29 September 2021 (UTC)
Thanks for the time you and for that of the other volunteers who are taking to understand this. Yes, I agree with your assessment: Stakeholder Capitalism is a macroeconomic model and reform movement and Stakeholder Theory is a management approach that would exist with or without Stakeholder Capitalism, and which was in fact conceived long before it. I am not sure why the individual writings of professors on this subject is not a reliable source but I leave that to you. Also, in our world of business journalism, we contact sources to verify information directly, and the experts on this subject are happy to talk with Wikipedia volunteers. I have provided the email address for the professor who conceived of Stakeholder Theory.
Even though our organization is an important source of information on this subject, I have no need to have any of our information published in Wikipedia. The goal is to give people a place to go to find out more about Stakeholder Capitalism when they read or hear about it...Sending them to an article on Stakeholder Theory is nothing short of inaccurate and confusing and does not due justice to either subject.
Bolgerb1953 ( talk) 14:41, 30 September 2021 (UTC)
Has anyone noticed in this thread that there is also an entry in Wikipedia on Stakeholder Management? See: /info/en/?search=Stakeholder_management
While Stakeholder Capitalism is clearly a movement and Stakeholder Theory an an organizational management process, what's the rationale for having a separate entry for Stakeholder Management?
Bolgerb1953 ( talk) 21:30, 3 October 2021 (UTC)