The shared value creation framework is a tool intended to help businesses benefit all stakeholders, not just shareholders.
According to the definition of a stakeholder of a corporation found in a 1963 internal Stanford Research Institute paper, a stakeholder is a member of "groups without whose support the organization would cease to exist". R. Edward Freeman later developed and promoted the theory in the 1980s.
Any person, entity, or party with an interest in a business and the results of its operations is considered a stakeholder. Employees, clients, shareholders, suppliers, communities, and governments are typical examples of stakeholders.
A stakeholder is a person or group whose support is necessary for an enterprise to succeed and who has an interest in it, whether vested or unvested. Stakeholders first appeared in horse racing.
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