- 298 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
About this book
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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Information
Table of contents
- 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
- Part I Development of the basic assumptions of a new stakeholder paradigm
- Part II Our understanding of the stakeholder paradigm and its operationalization
- Epilogue
- Appendix: Methodological considerations
- Glossary
- Notes
- Bibliography
- Index
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Yes, you can access Stakeholders Matter by Sybille Sachs,Edwin Rühli in PDF and/or ePUB format, as well as other popular books in Business & Business Strategy. We have over 1.5 million books available in our catalogue for you to explore.