6 Matching Annotations
  1. Last 7 days
    1. While the arrogance of youth was definitely present, I also knew that I was not trained to do large-scale empirical/statistical work, However I thought that the clinical approach of Freud and his followers

      Freeman argues that his clinical and philosophical training, combined with his work at Bell Companies, provided the ideal method for SMASA. The logic is plausible, as he links his experience to the book’s methodology. However, the argument assumes that these combined approaches automatically yield meaningful insights without showing how or why they reliably produce valid conclusions.

    2. Growing up fairly poor on a dirt farm in central Georgia, I took it as one of life's truths that one needed to be responsible for the effects of one's action on others. I needed to be sensitive to those I could 'affect' and those I could be 'affected by'.

      Freeman emphasizes his lifelong commitment to stakeholder theory and ethical responsibility, which adds normative weight to the argument. A stronger version would integrate this personal insight with empirical evidence showing how stakeholder-focused practices tangibly improve businesses and society. Combining narrative with data would make the argument more persuasive to skeptical readers.

    3. A second weakness was to focus a chapter on internal stakeholders. This was since in all of my clinical work, the executives leaped to the conclusion that they had internal stakeholders as well. There is some usefulness here, but it is also misleading from the standpoint of making businesses more sensitive to the external stakeholders.

      The term “internal stakeholders” is somewhat vague and could confuse readers about the scope of stakeholder theory. Freeman admits it may be misleading, which highlights the need for precise definitions. Defining “internal” versus “external” stakeholders and explaining why the focus may mislead would make the argument clearer.

    4. In many of the chapters in the book, I would put the ideas a bit differently today but that is the price of a book written nearly 40 years ago, However, SMASA also has many weaknesses, I think that the most glaring one is the imposition of a strategic planning framework on the book.

      Freeman acknowledges weaknesses in SMASA while also defending its enduring relevance. While generally consistent, there is minor tension between admitting flaws and asserting the book’s continued authority. Clarifying how the book’s strengths outweigh its weaknesses would improve internal consistency and reader trust.

    5. I was most disappointed some years later when Lee Preston and Tom Donaldson published an article that people understood as separating Normative, Descriptive, and Instrumental stakeholder research. In fact, I argued in a paper around the same time that this was a misinterpretation of this important paper.

      Here, Freeman challenges interpretations that separate normative, descriptive, and instrumental approaches. He risks a straw man fallacy by portraying Preston and Donaldson’s work as a misinterpretation without fully engaging with their arguments. A more rigorous critique would explain precisely why the separation is flawed rather than dismissing it broadly.

    6. basic logic of the book is that if we use the vocabulary of 'stakeholders', we will have a better understanding of how businesses actually work and create value, and how they can work better.

      Freeman’s premise that using the stakeholder vocabulary improves understanding of business is reasonable but not universally provable. While stakeholder theory has influenced management, it may not always lead to better outcomes in every context. The claim is sound as a general observation, but acknowledging limitations or exceptions would strengthen credibility.