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Importance Of Stakeholder Theory In Nigeria

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Stakeholder’s theory
Many researchers have used stakeholder theory to understand the intrinsic knowledge behind the fundamentals of operation and the relationship among stakeholders. Therefore, consideration of the method in which effective and sustainable waste container (bottle & can) recycling system can be implemented in Nigeria and the factor that have been the constraints to waste management in Nigeria, stakeholder theory will therefore be essential to be analyzed.
Without any reservation, stakeholder theory has amassed huge recognitions in the recent years not only in the field of business ethics (Moore, 1999), management science studies (Damak-Ayadi, 2005) but also in wide array of fields such as corporate strategy, economics and public policy (Damak-Ayadi, 2005), health care, law, and public policy (Freeman et, al. 2010). According to (Damak-Ayadi, 2005), it has become a focal point of many grate debates to the extents of imposing itself as a point of reference, imitating corporate social responsibility (CSR) policies (Damak-Ayadi, 2005). CSR comprises of a broad preposition that business organization have ethical responsibilities more than maximizing profit for stakeholders and obeying the law (McWilliams and Siegel, 2001). To substantiate the speed in which this corpus has developed over the years, academic research dedicated a special place for stakeholder theory (Damak-Ayadi, 2005), over 100 articles and a dozens of books have been published on stakeholder

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