Management Approaches of Stakeholder Capitalism and Digital Leadership in the Twenty-First Century

Nicolae Bibu (), Maria-Madela Abrudan and Alexandra Daniela Sivulca
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Nicolae Bibu: West University of Timișoara
Maria-Madela Abrudan: University of Oradea
Alexandra Daniela Sivulca: West University of Timișoara

Chapter Chapter 1 in Reimagining Capitalism in a Post-Globalization World, 2024, pp 1-17 from Springer

Abstract: Abstract This chapter explores the existence of connections between Financial Bottom-Line (FBL) management, Triple Bottom-Line management (TBL), and Social Ecological Thought management (SET) as modern forms of stakeholders management, specific to multiple stakeholders capitalism, on one hand, and digital leadership as an evolved form of e-leadership, on the other hand. Currently, the business world is characterized by an increasingly accentuated volatility, uncertainty, ambiguity, and complexity. Organizations are forced to change and adapt to the new disruptive digital waves from a technological point of view in order to remain competitive in the markets in which they operate. The global, regional, and national economies are going through a new evolutionary phase of development, crisis, and growth while developing the concept of digital economy. Capitalism as an operating system is an adaptogenic one and has undergone several evolutionary phases. A current turning point of capitalism seems to be focusing also on the interests of stakeholders, not only of shareholders/owners, and thus, developing organizations aim to find a balance between the creation of stakeholder value and the shareholder value. We consider that the digital leadership style is a transformational style, based on recognizing that stakeholders have specific, sometimes divergent interests, on mutual respect and collaborative work. Thus, it is highly contributing to the success of companies using the triple bottom line and more specifically the emerging social economical thought management approach. To achieve our research goals, that of mapping the interdependencies between concepts, we will use bibliometric analyses as work tools.

Keywords: Stakeholders capitalism; Triple line of results; Social economical thought management (SET) (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-59858-6_1

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DOI: 10.1007/978-3-031-59858-6_1

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