Overview
- Highlights the potential of responsible stakeholder management as a key opportunity rather than a cost for the business
- Demonstrates how sustainability via innovative, clean, and fair business strategies can serve to help business and society to mutually profit
- Presents a set of four steps to sustainable stakeholder management, which could conceivably help to create successful business in accord with the interests of people, the planet, and economic profit
Part of the book series: CSR, Sustainability, Ethics & Governance (CSEG)
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Table of contents (10 chapters)
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Front Matter
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A Compass for Stakeholder Management
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Front Matter
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Back Matter
Keywords
About this book
This book examines corporate approaches to responsible management by investigating the stakeholder relationships between business and society. Though concepts of responsible management continue to evolve, its key objective is to explore the opportunities and dilemmas which business decision-makers face when attempting to reconcile their organisation’s interests with those of other stakeholder groups. In this intensely debated field, it focuses on the power of entrepreneurial purpose and the opportunities which emerge when corporate choices and actions are driven by connected stakeholder interests. A case study of the pharmaceutical industry in the UK and Germany is presented to reveal how decision-makers in this particular sector are responding to their context-specific management challenges.
The research findings are subsequently employed to examine and revise a pre-specified stakeholder management framework which was previously developed by the author. The proposed updated framework is the book’s main conceptual contribution. By depicting a set of inclusive, integrated, and inter-related steps, it is intended to provide an innovative, comprehensive, practical toolkit for stakeholder management. As such, it is designed to help decision-makers to attain the greatest possible outcome from the resources they invest by consciously basing their choices not merely on the impacts for their shareholders, but also and more holistically for a broader range of stakeholders. Ultimately, the book demonstrates how optimally harmonised stakeholder management can serve as a powerful catalyst for unlocking viable business opportunities which serve the interests of business and society.Authors and Affiliations
About the author
Bibliographic Information
Book Title: Managing Sustainable Stakeholder Relationships
Book Subtitle: Corporate Approaches to Responsible Management
Authors: Linda O'Riordan
Series Title: CSR, Sustainability, Ethics & Governance
DOI: https://doi.org/10.1007/978-3-319-50240-3
Publisher: Springer Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: Springer International Publishing AG 2017
Hardcover ISBN: 978-3-319-50239-7Published: 12 September 2017
Softcover ISBN: 978-3-319-84353-7Published: 10 August 2018
eBook ISBN: 978-3-319-50240-3Published: 01 September 2017
Series ISSN: 2196-7075
Series E-ISSN: 2196-7083
Edition Number: 1
Number of Pages: XXXVIII, 492
Number of Illustrations: 31 b/w illustrations, 10 illustrations in colour
Topics: Business Ethics, Sustainable Development, Business Strategy/Leadership, Accounting/Auditing, Entrepreneurship