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    R. Edward Freeman acknowledges no canonical priority rule... — Carmelics
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    Challenges→Stakeholder theory is more accommodating of prosocial activity by firms than shareholder primacy

    R. Edward Freeman acknowledges no canonical priority rule among stakeholders, leaving managers without principled grounds for allocating prosocial resources.

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    Key Terms

    knowledge(Distinguished from mere true belief, which may be the product of indoctrination and need not exercise deliberative capacities.)
    Justified true belief — true belief that has been arrived at through the exercise of deliberative capacities, including comparison of and deliberation among alternatives.

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    Stakeholder theory is more accommodating of prosocial activity by firms than sha...

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