As a leader in the field of business ethics for more than 40 years, the Olsson Center has produced a large body of distinguished research aimed at scholars, students and business leaders. Current Research Stakeholder Value Creation Ethical Leadership Conscious Capitalism Stakeholder Responsibility Values-Based Leadership Public Trust in Business Ethics and Sustainability Stakeholder Theory: A Brief History For more than three decades, scholars have developed the idea that a business has stakeholders, or groups and individuals who have a stake in the success or failure of a business. Stakeholder Theory was further outlined by R. Edward Freeman in his award-winning 1984 book, Strategic Management: A Stakeholder Approach, in which he suggests that businesses build their strategy around their relationships with key stakeholders. Stakeholders, such as customers, employees, suppliers, financiers and communities, are vital to a firm’s success. Read more on the Stakeholder Theory website.