New Managerial Paradigm: Manager–Stakeholder Instead of Manager–Employee

Abstract

Abstract This paper aims to propose a change of the management paradigm by placing in the foreground the relationship between manager and stakeholder instead of the manager–subordinate relationship. The new managerial paradigm comes as a result of the wide-ranging mutations that have taken place in recent decades at the level of societies, economies and organizations around the world, which have forced the change of traditional managerial approaches. The work emphasizes why is necessary and possible to change the management paradigm in the present context, taking into consideration managerial and organizational arguments, that are based on observations, suggestions and recommendations of numerous specialists. Also, there are highlighted the quantitative and the qualitative differences between managerial paradigm focused on stakeholders and classical managerial paradigm of manager–employee, as well as the main advantages of a company stakeholder-based management system.