Umfang:
1 online resource (298 pages)
Ausgabe:
1st ed.
ISBN:
9780521196390
,
9781139157285
Serie:
Business, Value Creation, and Society Series
Inhalt:
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
Anmerkung:
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
Weitere Ausg.:
Print version Sachs, Sybille Stakeholders Matter Cambridge : Cambridge University Press,c2011 ISBN 9780521196390
Sprache:
Englisch
Schlagwort(e):
Electronic books
URL:
FULL
((OIS Credentials Required))
