Managing the extended enterprise: The new Stakeholder View

This article enlarges the "extended enterprise" metaphor from its origins in manufacturing-logistics management to embrace the full range of constituencies that are vital to the survival and success of the corporation. This article presents a new "Stakeholder View" of the firm which holds,that stakeholder relationships are the ultimate sources of the firm's wealth-creating capacity. According to this view; long-term business success requires a firm to develop and integrate relationships with its multiple stakeholders within a comprehensive management strategy, in order to illustrate the validity of this approach, this, article describes and analyzes the evolution and impact of comprehensive stakeholder management policies in three major firms.