ABSTRACT
As has recently been pointed out, stakeholder theory faces two closely related challenges in the light of globalization. 1 On the one hand, globalization has not only led many firms to explore and expand into different parts of the world, it has also—and perhaps consequentially so—created possibilities for nontraditional stakeholders to “knock on the doors” of firms and make their concerns heard. On the other hand, the context of the multitude and complexity of novel stakeholder relationships that were not usually considered in stakeholder mappings renders the issue of corporate responsibility even more “political” 2 than stakeholder relationships, at least in the context of specific issues, have always been.
