4. Strategic Management @ 2013
Theory one
• Milton Friedman – focus on the shareholders as they only stakeholders who
matter. The business of business is making a profit and building shareholder
value the prime purpose.
5. Strategic Management @ 2013
Theory Two
* The quickest way to destroy shareholder value is to ignore stakeholders
R. Edward Freeman.Strategic Management: A Stakeholder Approach ,1984.
11. Strategic Management @ 2013
“Sustainable Development” was officially defined in a report commissioned by the United Nations, called “Our Common Future” in 1987.
“Sustainable Development” is also referred to as
the “3E’s” (economy, environment, equity),
the “3P’s” (People, Planet, Profit),
the “triple bottom line” and “3BL” (triple bottom line).
62. Strategic Management @ 2013
Prominent Fortune 100 multi-national operations, university spin-outs and start-up businesses in more than a dozen pioneering
industries, including biotechnology, information technology, and clean technologies
Research Triangle Park