Stakeholder Approach, Dynamic Capabilities Approach And Sustainable Approach In Strategic Management

1.1 Stakeholder ApproachThree approaches to strategic management
1.1 Stakeholder approach 
According to Wheelen et al. (2017), stakeholder approach in management implies that the managers of an organization design the plans and implement those with a focus to meet the demands and expectations of the stakeholders of the organization to achieve long term success. Stakeholders are of two types, internal and external. Owners, employees an…