Kooperativer Bibliotheksverbund

UID:

Format: 1 online resource (xviii, 278 pages) : , digital, PDF file(s).

ISBN: 9781139026963 (ebook)

Series Statement: Business, value creation and society

Content: 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.

Note: Title from publisher's bibliographic system (viewed on 05 Oct 2015). , 1. Challenges for a new paradigm in strategic management -- Part I. Development of the Basic Assumptions of a New Stakeholder Paradigm: 2. The economic paradigm and its basic assumptions; 3. Contribution of stakeholder theory to our understanding of the stakeholder paradigm; 4. The stakeholder paradigm -- Part II. Our Understanding of the Stakeholder Paradigm and its Operationalization: 5. Our understanding of the stakeholder paradigm operationalized in the three licenses; 6. License to operate; 7. License to innovate; 8. License to compete; 9. Challenges resulting from a paradigm shift.

Additional Edition: Print version: ISBN 9780521196390

Language: English

URL: https://doi.org/10.1017/CBO9781139026963

UID:

Format: 1 Online-Ressource (xviii, 278 pages) , digital, PDF file(s).

ISBN: 9781139026963

Series Statement: Business, value creation and society

Content: 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.

Note: Title from publisher's bibliographic system (viewed on 05 Oct 2015)

Additional Edition: ISBN 9780521196390

Additional Edition: ISBN 9781107624634

Additional Edition: ISBN 9780521196390

Additional Edition: Erscheint auch als Sachs, Sybille, 1959 - Stakeholders matter Cambridge : Cambridge University Press, 2011 ISBN 9780521196390

Additional Edition: ISBN 0521196396

Language: English

Subjects: Economics

Keywords: Stakeholder ; Strategisches Management ; Stakeholder ; Strategisches Management ; Aufsatzsammlung

DOI: 10.1017/CBO9781139026963

URL: Volltext  (lizenzpflichtig)

URL: Inhaltsverzeichnis

UID:

Format: 278 S. , graph. Darst.

Edition: 1. publ.

ISBN: 9780521196390 , 0521196396

Series Statement: Business, value creation, and society

Note: Includes bibliographical references and index

Language: English

Subjects: Economics

Keywords: Stakeholder ; Strategisches Management

URL: Inhaltsverzeichnis

Author information: Sachs, Sybille 1959-

Author information: Rühli, Edwin 1933-

UID:

Format: 1 online resource (298 pages)

Edition: 1st ed.

ISBN: 9780521196390 , 9781139157285

Series Statement: Business, Value Creation, and Society Series

Content: The dominant shareholder-value model has led to mismanagement, market failure and a boost to regulation. This book challenges the basic assumptions of this model and develops a new understanding of value creation based on mutuality rather than self-interest

Note: Cover -- Stakeholders Matter -- Business, Value Creation, and Society -- Title -- Copyright -- To Alexandra Sachs, for whom the paradigm shift matters -- Contents -- Figures -- Tables -- Foreword -- Acknowledgments -- 1 Challenges for a new paradigm in strategic management -- The future of business in society: social and economic changes -- Requirements for a new paradigm in strategic management -- Historic nature of paradigms -- Origin of the economic paradigm -- Post-Enlightenment Capitalism -- Multi-paradigm concepts to reflect reality -- Our contribution to the stakeholder paradigm -- Path toward a new stakeholder paradigm -- Part I Development of the basic assumptions of a new stakeholder paradigm -- 2 The economic paradigm andits basic assumptions -- The economic paradigm of the theory of the firm -- What is the purpose of the firm and its underlying principle of value creation? -- Who are the actors and who are the owners? -- What are the main attributes of actors and their behavior? -- What are the conditions of the environment? -- Final remarks -- The strategy theory: general remarks -- The strategy theory: the "Industry Structure View of Strategy" (ISV) -- What is the purpose of the firm and its underlying principle of value creation? -- Who are the actors and who are the owners? -- What are the main attributes of actors and their behavior? -- What are the conditions of the environment? -- Final remarks on the ISV -- The strategy theory: the "Resource-based View of Strategy" (RbV) -- What is the purpose of the firm and its underlying principle of value creation? -- Who are the actors and who are the owners? -- What are the main attributes of actors and their behavior? -- What are the conditions of the environment? -- Final remarks on the RbV -- The economic paradigm revisited , 3 Contribution of stakeholder theory to our understanding of the stakeholder paradigm -- Descriptive dimension -- Who are the stakeholders? -- Empirical aspects -- The strategic dimension in stakeholder definitions -- Normative dimension of stakeholder definition -- What is the interaction between the firm and its stakeholders? -- Dyadic interaction -- Stakeholder networks -- Our understanding from a descriptive perspective -- Instrumental dimension -- Stakeholders impact value creation -- Stakeholders create competitive advantage -- Stakeholder relations pay off -- Our understanding from an instrumental perspective -- Normative stakeholder dimension -- Economic normative foundation -- Social/philosophical, normative foundation -- Our understanding from a normative perspective -- Final remarks -- Donaldson and Preston claim that: -- 4 The stakeholder paradigm -- The stakeholder theory of the firm -- What is the purpose of the firm and its underlying principles of value creation? -- Who are the actors and who are the owners? -- What are the main attributes of actors and their behavior? -- What are the conditions of the environment? -- Final remarks -- Stakeholder Capitalism -- What is the purpose of the firm and its underlying principles of value creation? -- Who are the actors and who are the owners? -- What are the main attributes of actors and their behavior? -- What are the conditions of the environment? -- Final remarks -- The basic assumptions for our understanding of the stakeholder paradigm -- What is the purpose of the firm and its underlying principles of value creation? -- Who are the actors and who are the owners? -- What are the main attributes of actors and their behavior? -- What are the conditions of the environment? -- The assumptions of different paradigms , Part II Our understanding of the stakeholder paradigm and its operationalization -- 5 Our understanding of the stakeholder paradigm operationalized in the three licenses -- Our claim for the stakeholder paradigm -- The economic paradigm in an endless series of constraints -- Challenging the dominance of self-interest -- The fundamental shift to mutuality in a network view -- Putting the paradigm into operation: the three licenses -- License as entitlement -- Licenses stimulate value creation -- Take another look at the Matterhorn -- Embeddedness in networks -- The stakeholder network as resource pool -- Society as a contributor, not as a constraint -- Positioning and benchmarking -- Stakeholder licenses -- Multiple roles of stakeholders -- Common dimensions of the three licenses -- Content of the licenses -- The cast of relevant stakeholders -- Contributions to value creation -- Value distribution -- Firm and stakeholder strategies -- Evaluation of mutual value creation -- 6 License to operate -- The content of the license to operate -- The cast of stakeholders: society as an end and value contributor, not as a constraint -- Mutual value creation with and for social and political stakeholders -- Corporation perspective -- Stakeholder perspective -- Important benefit and risk potentials from the perspective of the license to operate -- Value distribution to social and political stakeholders -- Strategies from the perspective of the license to operate -- Evaluation from the perspective of the license to operate -- Concluding remarks to the license to operate -- 7 License to innovate -- The content of the license to innovate -- The cast of stakeholders: from the resource-based view to the resource owner view -- Stakeholders as resource contributors -- Stakeholders as providers of non-limited resources , Stakeholders as direct and indirect resource contributors -- Stakeholders as voluntary and involuntary resource contributors -- Mutual value creation -- The motivation of stakeholders to contribute resources -- The dynamics of resource contribution -- Value distribution to stakeholders from the perspective of the license to innovate -- Strategy and core competencies from the perspective of the license to innovate -- Evaluation from the perspective of the license to innovate -- Concluding remarks to the license to innovate -- 8 License to compete -- Content of the license to compete -- The cast of stakeholders: from the industry structure view to the dynamic network structure view -- The nature of stakeholder networks -- The attractiveness of stakeholder networks -- Dynamics of stakeholder networks -- Mutual value creation: positioning in and among stakeholder networks -- Forms of positioning -- Benefit and risk potentials in stakeholder networks -- Multiple roles of stakeholders -- Positioning on the continuum between cooperation and confrontation -- Value distribution to stakeholders from the perspective of the license to compete -- Generic strategies from the perspective of the license to compete -- Evaluation from the perspective of the license to compete -- Concluding remarks on the license to compete -- 9 Challenges resulting from a paradigm shift -- What are the main challenges for the required change? -- What are basic change patterns and processes? -- General principle of change -- Gradual change -- Fundamental changes -- Three basic learning processes -- Economic impacts -- Requirements in the perspective of the license to operate -- Requirements in the perspective of the license to innovate -- Requirements in the perspective of the license to compete -- Cultural impacts -- Different levels of culture -- Role of leaders , Structural and legal impacts -- Structures and processes of firms and stakeholders -- Distinctiveness and complexity of network structures -- Governance systems and legal impacts -- Epilogue -- Appendix: Methodological considerations -- The researcher's choice and responsibility -- Need for empirical research -- Case study analysis -- The cases -- In-depth studies33 -- Desk research -- Glossary -- Notes -- Bibliography -- Index

Additional Edition: Print version Sachs, Sybille Stakeholders Matter Cambridge : Cambridge University Press,c2011 ISBN 9780521196390

Language: English

Keywords: Electronic books

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