Stakeholder Theory Application In Education: A Content-Analysis Based Literature Review

Abstract

Stakeholder decision-making in education depends on sustainable development. There are many chances for improved development when management theories and models are applied to the subject of education. This paper's goal is to provide a review of the literature on the use of stakeholder theory and the stakeholder management model in the field of education, taking into consideration 39 publications published between Jan 2019 and April 2024. This study attempts to offer insights into the most recent research in the interdisciplinary field of Stakeholder Theory and Stakeholder Management Model and education systems through a systematic literature evaluation and the application of automated text analysis. The findings imply that in order to explore different approaches for achieving sustainability goals, a multi-method approach as well as the search for new data sources, techniques, and instruments would be required. Furthermore, additional study is required to determine whether the stakeholder management model and education are correlated, with a focus mostly on the EU. This cross-disciplinary topic will be very dynamic in the future due to the quick development and the need for sustainable development of education from multidisciplinary viewpoints and research opportunities.