INTRODUCTION Stakeholder concept is derived from general system theory that all living organisms system) interact with, and are affected from the environment. The major key for survival of the system is the ability to adapt to be responsive to the changing conditions in the environment. This concept seems to have emerged initially in the system analysis work on organisation conducted by researches at the Tavistock Institute in London (Mason and Mitroff, 1981:p.43). It is widely …showed first 75 words of 1937 total…

…showed last 75 words of 1937 total…th Edition) Singapore: McGraw-Hill, Inc. JOHNSON, G & SCHOLES, K. (2002) Exploring Corporate Strategy: Text and Cases (6th Edition) Essex: Prentice-Hall. MASON, R.O. & MITROFF, I.I. (1981) Challenging Strategic Planning Assumptions: Theory, Cases and Techniques New York: John Wiley & Sons. MITROFF, I.I. & MASON, R.O. (1993) The Unbounded Mind: Breaking the Chains of Traditional Business Thinking Oxford: Oxford University Press. MULLINS, L.J. (2002) Management and Organisational Behaviour (6th Edition) Harlow: F.T. Prentice-Hall