ABSTRACT
This chapter aims to find out who the stakeholders are, according to management within Lithuanian companies, and how the latter perceive their relationship with different stakeholder groups. The manager relationship with stakeholders within the public sector tends to be highly dependent on the shareholders, who not only allocate financial resources but also influence organizational policy as regards different stakeholder groups. T. H. Donaldson and T. E. Preston in their thesis, discuss stakeholder theory from a normative perspective and claim that stakeholder theory is a managerial theory, which recommends attitudes, structures, and practices that, taken together, constitute stakeholder management. The chapter investigates what management does and how they interact with various stakeholder groups. The chapter seeks to find to what extent the factors influenced the work of management and its relationship towards different stakeholder groups. It examines the existing quantitative and qualitative research in the field dealing with different stakeholder groups.
