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Stakeholders Matter: A New Paradigm for Strategy in Society

Sybille Sachs

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ISBN 10: 1107624630 / ISBN 13: 9781107624634
Published by Cambridge University Press
New Condition: New Soft cover
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Paperback. 298 pages. Dimensions: 8.8in. x 6.0in. x 0.9in.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. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Bookseller Inventory # 9781107624634

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Bibliographic Details

Title: Stakeholders Matter: A New Paradigm for ...

Publisher: Cambridge University Press

Binding: Paperback

Book Condition:New

Book Type: Paperback

About this title

Synopsis:

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.

Book Description:

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.

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