Stakeholders matter : a new paradigm for strategy in society /
"The dominant shareholder-value model has led to mismanagement, market failure and a boost to regulation, as spectacularly demonstrated by the events surrounding the recent financial crisis. Stakeholders Matter challenges the basic assumptions of this model, in particular traditional economic v...
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| Main Author: | |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge ; New York :
Cambridge University Press,
2011.
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| Series: | Business, value creation, and society.
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| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |
| Summary: | "The dominant shareholder-value model has led to mismanagement, market failure and a boost to regulation, as spectacularly demonstrated by the events surrounding the recent financial crisis. Stakeholders Matter challenges the basic assumptions of this model, in particular traditional economic views on the theory of the firm and dominant theories of strategic management, and develops a new understanding of value creation away from pure self-interest toward mutuality. This new 'stakeholder paradigm' is based on a network view, whereby mutuality enhances benefits and reduces risks for the firm and its stakeholders. The understanding of mutual value creation is operationalized according to the license to operate, to innovate and to compete. The book develops a vision for a strategy in society in which, rather than the invisible hand of the market, it the visible hands of the firm and the stakeholders that lead to an overall increase in the welfare of society"-- |
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| Physical Description: | 1 online resource (xviii, 278 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781139159043 1139159046 0521196396 9780521196390 1283342251 9781283342254 9781139161091 1139161091 9781139026963 1139026968 9781139157285 1139157280 1107223555 9781107223554 1139152629 9781139152624 1139160095 9781139160094 9786613342256 6613342254 1139155539 9781139155533 9781107624634 1107624630 |
| Language: | English. |
| Source of Description, Etc. Note: | Print version record. |