S/M/40. The management of stakeholders has become the central challenge facing organisations in the 21st century.

Management thought has changed dramatically in recent years. There have been, and are now underway, both conceptual and practical revolutions in the ways that management theorists and managers think about organisational life. The purpose of this assignment is to critically appraise the statement: "The management of stakeholders has become the central challenge facing organisations in the 21st century" with reference to the current debates on corporate social responsibility and corporate governance.