"This theory maintains that the objectives of the firm should be derived by balancing the conflicting claims of the various 'stakeholders' in the firm: managers, workers, stockholders, suppliers, vendors. The firm has a responsibility to all of these and must configure its objectives so as to give each a measure of satisfaction. Profit which is a return on investment to the stockholder is one of such satisfactions, but does not receive special predominance in the objective structure,"
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Businesspeople from the United StatesMathematicians from the United StatesMathematicians from RussiaBusiness theorists from the United StatesBrown University alumni
Original Language: English
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p. 34; Cited in: Russell L. Ackoff (1994), The Democratic Corporation. p. 37
https://en.wikiquote.org/wiki/Igor_Ansoff
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Igor Ansoff
Igor Ansoff (December 12, 1918 – July 14, 2002) was a Russian American applied mathematician and business manager. He is known as the father of strategic management.
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