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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.
Business, Economy and Management --- Business Management --- Strategic planning. --- Customer relations. --- Business --- Public relations --- Consumer affairs departments --- Customer advisory boards --- Relationship marketing --- Goal setting (Strategic planning) --- Planning, Strategic --- Strategic intent (Strategic planning) --- Strategic management --- Planning --- Business planning --- Strategic planning --- Customer relations --- E-books --- Business policy
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This book offers a case-study approach to stakeholder theory that moves beyond theoretical analysis to the applied. As stakeholder theory has moved into the mainstream of management thinking in business ethics and a number of the management disciplines, there is an increasing need to explore the subtleties of stakeholder engagement via examples from practice. The case studies in this volume explore a number of aspects of the idea of stakeholder engagement, via the method of clinical case studies. Edited by leading scholars in the field of business ethics and stakeholder theory, this text affords a solid grounding in theory, brought to new levels of applied understanding of stakeholder engagement.
Philosophy. --- Business ethics. --- School management and organization. --- School administration. --- Game theory. --- Business Ethics. --- Administration, Organization and Leadership. --- Game Theory. --- Games, Theory of --- Theory of games --- Educational administration --- Inspection of schools --- School administration --- School inspection --- School operation policies --- School organization --- Schools --- Business --- Businesspeople --- Commercial ethics --- Corporate ethics --- Corporation ethics --- Mental philosophy --- Inspection --- Management and organization --- Moral and ethical aspects --- Professional ethics --- Corporate governance. --- Wealth --- Governance, Corporate --- Industrial management --- Directors of corporations --- Mathematical models --- Mathematics --- Administration, Educational --- Operation policies, School --- Policies, School operation --- Education --- Management --- Organization
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This book offers a case-study approach to stakeholder theory that moves beyond theoretical analysis to the applied. As stakeholder theory has moved into the mainstream of management thinking in business ethics and a number of the management disciplines, there is an increasing need to explore the subtleties of stakeholder engagement via examples from practice. The case studies in this volume explore a number of aspects of the idea of stakeholder engagement, via the method of clinical case studies. Edited by leading scholars in the field of business ethics and stakeholder theory, this text affords a solid grounding in theory, brought to new levels of applied understanding of stakeholder engagement.
Professional ethics. Deontology --- Organization theory --- Recreation. Games. Sports. Corp. expression --- organisatiemanagement --- spellen --- deontologie --- leidinggeven --- bedrijfsethiek --- administratie
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International economic relations --- Business policy --- Corporate governance. --- Corporations --- International business enterprises. --- International trade --- Globalization --- Corporations. --- Investor relations. --- Economic aspects. --- International trade. --- Corporations - Investor relations. --- Globalization - Economic aspects.
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