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Stakeholder theory

T. Kochan and S. Rubenstein, Toward a Stakeholder Theory of the Firm The Saturn Partnership, Organizational Science, 11(4), 373 (2000). [Pg.159]

The balance between forced and voluntary interactions with the community, in the light of stakeholder theory, defines our licence to operate. Nowadays, the number of stakeholders is drastically increasing. The example given below illustrates this multiplicity of interactions. [Pg.79]

Argandona A (1998) The stakeholder theory and the common good. J Bus Ethics 17 1093-... [Pg.193]

In the present study the theoretical propositions are (1) Fifth Discipline of Senge (1994), (2) the stakeholder theory and (3) stewardship theory. For example, a case study of the corporate sustainability may reveal its variations in terms of both content and context, depending on the perspective of different stakeholders. The approach used to evaluate the cases of these corporations is the concept of... [Pg.259]

The present findings on the stakeholder theory support the views of Salzmann et al. (2006, p. 3) who claimed that corporations exist in permanent contact with their economic, legal, political, societal and technological environments. The present results on stakeholder theory are consistent with the approach of Jones (1995), who stated that the corporations view their repeated transactions with stakeholders as ways to emphasize the basis of tmst and cooperation, i.e. incentives to be honest and ethical, since such behaviour is beneficial to the company. [Pg.275]

Donaldson and Preston (1995) argued that stakeholder theory is used to identify the connections, or lack of connections, between stakeholder management and the achievement of traditional corporate objectives (e.g. profitability, growth). At present, the studied corporations are committed to creating long-term value for their shareholders. Sustainable financial performance, responsible behavioiu as a corporate citizen and ongoing improvement in HES areas are the practical dimensions of present the corporate sustainability together with CSR. [Pg.275]

Donaldson T, Preston L (1995) The stakeholder theory of the modem corporation concepts, evidence and implications. Acad Manage Rev 20(1) 65-91 Dmcker PE (2001) The essential drucker management challenges for the 21st century. Buttenvorth-Heinemann Publications, London... [Pg.294]

Fisher C, Lovell A (2006) Business ethics and values individual, corporate and international perspectives, 2nd edn. Pearson Education Limited, Harlow Flick U (2006) An introduction to qualitative research, 5th edn. Sage Publications, London Fombrun CJ (2005) Corporate reputations as economic assets. In Hitt MA, Freeman RE, Harrison JS (eds) Handbook of strategic management Blackwell Publishing, Oxford, pp 289-312 Freeman RE (1984) Strategic management a stakeholder approach. Pitman, Boston Freeman RE (1994) The politics of stakeholder theory some future directions . Bus Ethics Q 4 (4) 409 21... [Pg.295]

Engster, D. (2011). Care ethics and stakeholder theory. In M. Hamington M. Sander-Staudt (Eds.), Applying care ethics to business, issues in business ethics (Vol. 34, pp. 93-110). Dordrecht Springer. [Pg.130]

Jensen, M, C. (2001) Value maximisation, stakeholder theory and the coiporate objective function. In European Financial Management, 7(3), 297-317. [Pg.128]

Several theories seek to explain how these factors interrelate and why risks that are sometimes minor in quantitative terms sometimes produce massive socio-political reactions while major risks are sometimes ignored. The social amplification of risk model suggests that public (or stakeholder group) response to risk can be amplified or attenuated depending on how the reporting (i.e., risk communication) of the risk interacts with psychological, social,... [Pg.8]

Crisis and emergency risk communication is the attempt by science or public health professionals to provide information that allows an individual, stakeholders, or an entire community to make the best possible decisions during a crisis emergency about their well-being. Often this communication must be done within nearly impossible time constraints and requires public acceptance of the imperfect nature of the available choices for action. Successful crisis and emergency risk communication is achieved through the skillful use of risk communication theory and techniques. [Pg.133]

The selection of compatible electronic mail systems by stakeholders could require significant effort to include gateway functions for validation of credentials and transformation of messages among the disparate email systems. Gateway functions are literally the systems that allow the email in and out, and in theory at least let it in or out with censorship of email parts. The primary function of the gateway is to assess message validity. [Pg.337]

The result of the naturalist phase is a formal description of stakeholders, their tasks, tmd their needs. This description can take many forms, ranging from text to graphics and from stiaightforward descriptions to theories and hypotheses regarding stakeholders behaviors. [Pg.1301]

Outcomes From game theory, two player games have four types of outcomes win-win, lose-lose, win-lose, and lose-win. Normatively, win-win is the desired outcome of service system interactions. However, service science proposes ten possible outcomes via the ISPAR (Interact-Service-Propose-Agree-Realize) model, based in part on the four stakeholder view customer, provider, authority, and competitor (Spohrer et al., 2008). [Pg.265]

In the management theory stakeholders are groups or individuals who are affected by any form of value creation. All groups which could have an impact on the achievement of an enterprise or are affected by the impacts of the enterprises activities are included. This perspective is... [Pg.824]

Stoll-Kleemann, S. and Welp, M. (eds.) (2006) Stakeholder Dialogues in Natural Resources Management Theory and Practice. Springer Heidelberg and Berlin. [Pg.33]

This theory is based on a combination of symbolic and post modernistic perspectives. It states that an organization is driven by different interests, which do not necessarily have their basis in the organizations economic conditions, but in, e.g., ethics (Freeman 1984). The theory breaks with the traditional stakeholder model with four types of players Investors, employees, suppliers and customers. The theory also includes the governmental authorities, political groups, trade unions, the society, and even competitors as valid stakeholders. The theory defines the management s main task to be to balance between the various players interests. [Pg.745]

Scientific objectivity is pursued by testing the predicative and explanatory power of theories, and by exposing risk judgements to intelligent debate, criticism and improvement in the wide scientific community and among stakeholders affected by the risks evaluated... [Pg.1072]

The second question is deliberately posed in the language of continuous process improvement. We can benchmark our peers and learn from best practice. We can better acquaint ourselves with learning theory and apply it appropriately. We can listen to our internal and external stakeholders. We can learn to apply technology in improved ways. We can do better. Our students ask us to do better, our industry stakeholders prod us to do better, our government and professional... [Pg.182]

With the cost/benefit model fully defined, one next must forecast levels of attributes or, in other words, benefits and costs. Thus, for each alternative investment, one must forecast the stream of benefits and costs that will result if this investment is made. Quite often, these forecasts involve probability density functions rather than point forecasts. Utility theory models can easily incorporate the impact of such uncertainties on stakeholders risk aversions. On the other hand, information on probability density functions may not be available, or may be prohibitively expensive. In these situations, beliefs of stakeholders and subject matter experts can be employed, perhaps coupled with sensitivity analysis (see Step 7) to determine where additional data collection may be warranted. [Pg.136]

The data from this discourse study were produced between January and July 2014 from seven Finnish Corporations (see References, Corporation 2014, Corpora-tion 2 2014, Corporation 3 2014, Corporation 4 2014, Corporation 5 2014, Corporation 6 2014, Corporation 2014).It originated from reviewing the online strategy reports on sustainability prepared by seven Finnish corporations these were classified in this study into the taxonomies (based on theories of Stakeholder, Stewardship, Five Disciplines and Actantial Model) as follows (1) business strategy of corporations, (2) financiers and shareholders, (3) customers and consumers, (4) employees of the corporations and (5) communities and authorities. [Pg.257]


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