A powerful new stakeholder theory (NST) of strategic management is emerging. The theory, which is yet incomplete, offers novel and precise tools for understanding stakeholder involvement in organizations. This article identifies open questions in the NST in five areas (organizational formation, resource development, claims on value, governance, and performance) and suggests ways in which insights from the resource-based view of the firm advance answers to these questions. The conclusion emphasizes that because stakeholders bind resources to organizations, neither the resource-based view nor the new stakeholder view is complete without the other.

中文翻译：

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从企业基于资源的角度将见解整合到新的利益相关者理论中

新兴的强有力的战略管理利益相关者理论（NST）。该理论尚未完成，为理解利益相关者在组织中的参与提供了新颖而精确的工具。本文在NST的五个领域（组织形成，资源开发，对价值的主张，治理和绩效）中确定了未解决的问题，并提出了从企业基于资源的观点出发的洞察力为这些问题提供答案的方法。该结论强调，由于利益相关者将资源绑定到组织，因此基于资源的观点和新的利益相关者的观点都不完整。