The common practice in business organizations during the past century has been for executives to make decisions based primarily on what was in the best interests of owners and shareholders. This practice is being challenged. The new reality is that executive decisions must be based on the interests of both shareholders and employee-stakeholders if the firm is to be successful in the new century.
McNay, William R.
"Executive Education for a New Reality: The Stakeholder Theory Comes of Age,"
Journal of Executive Education:
1, Article 1.
Available at: http://digitalcommons.kennesaw.edu/jee/vol9/iss1/1