Stakeholders hold power because they hold resources essential to firm survival. Through their exercise of this power, they produce, or not, change in business practices. The social movements of united individuals, as well as the nonmarket strategies of firms and industries designed to forestall...

In March of 2003, the publishers of two books with contrasting perspectives sponsored a public debate about the contents of these books, and the larger issues involved. The lead authors of each of the books participated in the debate: Chad Holliday, Chairman and Chief Executive Officer (CEO) of...

Crises are situations that threaten organizations' continued existence. Organizations encounter crises largely because they did not adapt sufficiently to changes in their social or technological environments. When organizations do face crises, their responses have a series of phases. At first,...