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Stakeholders Matter - A New Paradigm for Strategy in Society (Hardcover) Loot Price: R1,851
Discovery Miles 18 510
You Save: R108 (6%)
Stakeholders Matter - A New Paradigm for Strategy in Society (Hardcover): Sybille Sachs, Edwin Ruhli

Stakeholders Matter - A New Paradigm for Strategy in Society (Hardcover)

Sybille Sachs, Edwin Ruhli

Series: Business, Value Creation, and Society

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List price R1,959 Loot Price R1,851 Discovery Miles 18 510 | Repayment Terms: R173 pm x 12* You Save R108 (6%)

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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.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Series: Business, Value Creation, and Society
Release date: September 2011
First published: November 2011
Authors: Sybille Sachs • Edwin Ruhli
Dimensions: 229 x 152 x 17mm (L x W x T)
Format: Hardcover
Pages: 298
ISBN-13: 978-0-521-19639-0
Categories: Books > Business & Economics > Business & management > Business strategy
Books > Business & Economics > Business & management > Management & management techniques > General
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LSN: 0-521-19639-6
Barcode: 9780521196390

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