Rethink! Project Stakeholder Management

CHAPTER

3

Stakeholder Theory and Stakeholder Management

3.1 Introduction

This chapter discusses stakeholder theory, stakeholder management, and project stakeholder management. By that, we constitute the conceptual framework of the research study. We start with introducing the stakeholder concept and providing definitions. We then describe two stakeholder approaches that have evolved in stakeholder theory, namely managing of stakeholders and managing for stakeholders. We relate these approaches to project stakeholder management and conclude that new developments in stakeholder theory are not well-presented or reflected in contemporary project stakeholder management.

3.2 Stakeholder Concept and Definitions

The word stakeholder goes ...