Stakeholders matter: a new paradigm for strategy in society
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 o...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2011
|
| Series: | Business, value creation and society
|
| Subjects: | |
| Online Access: | BSB01 UBG01 UBM01 Volltext |
| Summary: | 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 |
| Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
| Physical Description: | 1 online resource |
| ISBN: | 9781139026963 |
| DOI: | 10.1017/CBO9781139026963 |
Staff View
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Record in the Search Index
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| any_adam_object | |
| author | Sachs, Sybille 1959- Rühli, Edwin 1933- |
| author_GND | (DE-588)12235947X (DE-588)107333856 |
| author_facet | Sachs, Sybille 1959- Rühli, Edwin 1933- |
| author_role | aut aut |
| author_sort | Sachs, Sybille 1959- |
| author_variant | s s ss e r er |
| building | Verbundindex |
| bvnumber | BV043918505 |
| classification_rvk | QP 320 |
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| contents | 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 |
| ctrlnum | (ZDB-20-CBO)CR9781139026963 (OCoLC)820693133 (DE-599)BVBBV043918505 |
| dewey-full | 658.4/012 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.4/012 |
| dewey-search | 658.4/012 |
| dewey-sort | 3658.4 212 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1017/CBO9781139026963 |
| format | Electronic eBook |
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| id | DE-604.BV043918505 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:38:31Z |
| institution | BVB |
| isbn | 9781139026963 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029327588 |
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| publishDate | 2011 |
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| publisher | Cambridge University Press |
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| series2 | Business, value creation and society |
| spelling | Sachs, Sybille 1959- Verfasser (DE-588)12235947X aut Stakeholders matter a new paradigm for strategy in society Sybille Sachs and Edwin Rühli Cambridge Cambridge University Press 2011 1 online resource txt rdacontent c rdamedia cr rdacarrier Business, value creation and society 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 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 Strategic planning Customer relations Strategisches Management (DE-588)4124261-0 gnd rswk-swf Stakeholder (DE-588)4300861-6 gnd rswk-swf Stakeholder (DE-588)4300861-6 s Strategisches Management (DE-588)4124261-0 s 1\p DE-604 Rühli, Edwin 1933- Verfasser (DE-588)107333856 aut Erscheint auch als Druck-Ausgabe, Hardcover 978-0-521-19639-0 Erscheint auch als Druck-Ausgabe, Paperback 978-1-107-62463-4 https://doi.org/10.1017/CBO9781139026963 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Sachs, Sybille 1959- Rühli, Edwin 1933- Stakeholders matter a new paradigm for strategy in society 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 Strategic planning Customer relations Strategisches Management (DE-588)4124261-0 gnd Stakeholder (DE-588)4300861-6 gnd |
| subject_GND | (DE-588)4124261-0 (DE-588)4300861-6 |
| title | Stakeholders matter a new paradigm for strategy in society |
| title_auth | Stakeholders matter a new paradigm for strategy in society |
| title_exact_search | Stakeholders matter a new paradigm for strategy in society |
| title_full | Stakeholders matter a new paradigm for strategy in society Sybille Sachs and Edwin Rühli |
| title_fullStr | Stakeholders matter a new paradigm for strategy in society Sybille Sachs and Edwin Rühli |
| title_full_unstemmed | Stakeholders matter a new paradigm for strategy in society Sybille Sachs and Edwin Rühli |
| title_short | Stakeholders matter |
| title_sort | stakeholders matter a new paradigm for strategy in society |
| title_sub | a new paradigm for strategy in society |
| topic | Strategic planning Customer relations Strategisches Management (DE-588)4124261-0 gnd Stakeholder (DE-588)4300861-6 gnd |
| topic_facet | Strategic planning Customer relations Strategisches Management Stakeholder |
| url | https://doi.org/10.1017/CBO9781139026963 |
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