Stakeholder Collaboration: Implications for Stakeholder Theory and Practice

Savage, Grant T.; Bunn, Michele D.; Gray, Barbara; Xiao, Qian; Wang, Sijun; Wilson, Elizabeth J.; Williams, Eric S.

doi:10.1007/s10551-011-0939-1

Cited by 129 publications

(113 citation statements)

References 64 publications

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“…It is necessary to promote integral project management models that involve stakeholders at different levels [102,103], creating healthy relationships [104], designing intersectoral alliances with interest groups (e.g., governments, Non-governmental organizations, universities) [105][106][107], or involving internal stakeholders (e.g., employees, shareholders, suppliers) in order to reinforce the organization's commitment to labor relations [108].…”

Section: Economic Dimensionmentioning

confidence: 99%

What Is Going on with Stakeholder Theory in Project Management Literature? A Symbiotic Relationship for Sustainability

2018

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Nowadays the advance towards sustainability poses a global challenge for modern society as well as for companies. Professionals and academics continually redefine business processes and design management mechanisms in a more appropriate way in order to allow companies to balance economic activity with the environmental and social impact that they generate. Under this complex and dynamic scenario, creating a product, providing a service, or achieving a given result requires a different interpretation of the efficiency paradigm and an adequate socio-environmental intelligence. In the context of project management, sustainability-related knowledge, skills, and suitable tools are necessary to face this challenge. Moreover, its close relationship with stakeholder theory presents an alternative to approach that purpose. This article attempts a systematic review of the literature on stakeholder theory in project management during the past nine years, with the aim of providing a comprehensive view of this relationship, revealing its impact and influence on sustainability, and finding new research paths. We highlight the potential benefits derived from this relationship, either as an instrument for the promotion of corporate social responsibility and inclusive policies, as a means for the generation of shared value and technological innovation, or as a key factor in the strategy and business management of a given project.

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Section: Economic Dimensionmentioning

confidence: 99%

What Is Going on with Stakeholder Theory in Project Management Literature? A Symbiotic Relationship for Sustainability

2018

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“…According to Jones and Wicks [36] and Savage et al [37], the basic premises of stakeholder theory are: the organization enters into relationships with many groups that influence or are influenced by the company, i.e., "stakeholders" in accordance with Freeman's [9] terminology; the theory focuses on the nature of these relationships in terms of processes and results for the company and for stakeholders; the interests of all legitimate stakeholders are of intrinsic value and it is assumed that there is the prevailing single set of interests.…”

Section: Stakeholder Theorymentioning

confidence: 99%

The Impact of Corporate Reputation in a Dairy Company

Almeida¹,

Coelho²

2017

Bus Eco J

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The purpose of this paper is to understand the importance of corporate reputation (CR) how main intangible asset of a company. This study investigates the role of CR on optical three group's stakeholders: cooperants, workers and customers on loyalty in cooperative organizations. This study proposes a theoretical model tested using structural equation modeling. 1200 valid questionnaires were collected from a three group samples: cooperants; workers and customers of the biggest dairy union of cooperatives in Iberia. CR has a significant impact on loyalty in three group's stakeholders on organizations cooperatives. Corporate reputation is revealed as an intangible asset, constituting, as the pillar of organizational development by providing ability to compete in the market and generate profits. This study is based on three cross-sectional data from a dairy company. This is a topic that, given the multiplicity of possible approaches, it is even less studied the theoretical level as regards the analysis of corporate reputation with applicability in the various organizational stakeholders. The results give new guidelines to redress the cooperatives traditional management, namely the management of intangible assets like reputation. This paper contributes to the competitiveness of a type of organization closed to the social structure of the rural population. This research with three types of stakeholders (cooperants, customers and workers) power shall be constituted as an important contribution to the literature, for what has been analyzed only works strand of customers (external) and/or employees (internal). The results bring the management challenges of the 21 st century to the traditional principles underlying cooperatives management helping them to reinforce competitiveness. The intangibility is always a difficult area of research, in which old doors close and new doors open.Citation: Almeida MGC, Coelho AM (2017) The Impact of Corporate Reputation in a Dairy Company. Bus Eco J 8: 320.

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“…Th e stakeholder management literature originally focused primarily on dyadic relationships between the fi rm and its traditional stakeholders, rather than on extended fi rm-stakeholder networks. In the meantime, a growing number of scholars (e.g., Calton and Payne, 2003;Frooman, 1999;Frooman and Murrell, 2005;Svendsen and Laberge, 2005) (e.g., Frankforter and Hill, 2008;Roloff , 2008;Rowley, 1997;Savage et al, 2008) have also applied a network perspective that goes beyond the traditional dyadic fi rm-stakeholder relationships. While density and centrality take into account the structural aspects of linkages between fi rms and their stakeholders (Rowley, 1997), they do not account for an embedded relationship.…”

Section: 'Stakeholder View' and Stakeholder Networkmentioning

confidence: 99%

The ‘stakeholder view’ approach: an untapped opportunity to manage corporate performance and wealth

2010

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A comprehensive evaluation of the whole network of stakeholders is needed to assess the firm value.A sound method is needed to compare the subjective perceptions of the stakeholders, and to objectify these through a process of mediation.The evaluation of the stakeholder network is qualitatively sounder when it is conducted by an impartial party or a facilitator.A model combining mediation with the 'Stakeholder View' is proposed as a novelty method to manage performance and wealth.The management together with stakeholders will need to develop an accounting system for measuring achievement and success. M anagement should focus on interacting and partnering with all stakeholders to enhance corporate performance and firm's value. 1 JEL classifi cation codes: M10, M14.Figure 7. Pfi zer identifi ed holistic performance indicators of good stakeholder interaction practices with stakeholders.

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Stakeholder Collaboration: Implications for Stakeholder Theory and Practice

Cited by 129 publications

References 64 publications

What Is Going on with Stakeholder Theory in Project Management Literature? A Symbiotic Relationship for Sustainability

What Is Going on with Stakeholder Theory in Project Management Literature? A Symbiotic Relationship for Sustainability

The Impact of Corporate Reputation in a Dairy Company

The ‘stakeholder view’ approach: an untapped opportunity to manage corporate performance and wealth

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