The role of stakeholders in the process of building a competi-tive advantage with the example of development companies
Justyna Grzes-Buklaho ()
Additional contact information
Justyna Grzes-Buklaho: Bialystok University of Technology
No 152/2017, Working Papers from Institute of Economic Research
Research background: Contemporary companies are faced with opportunities as well as dangers resulting from relationships with their environment. It is therefore important to define stakeholders and manage relations with them by implement-ing organizational principles and practices that take into account stakeholders' concerns and objectives, but are also consistent with a company's strategy and its economic goals (Banks, Vera, Pathak, Ballard, 2016, pp. 18-27). Purpose of the article: The aim of this article is a diagnosis of a sort of the theory of stakeholders present in the relevant literature. In addition, stakeholder identifi-cation was presented along with their role in the process of building a competitive advantage of a development company. Methodology/methods: An analysis of secondary sources was verified by empiri-cal studies. An analysis of the role of stakeholders in the functioning of an enter-prise was made using the so-called 'brainstorming method'. The study was con-ducted with the students of faculties at the Faculty of Management of the Bi-alystok Technical University in December 2012 and in the years 2014-2016. Findings & Value added: In the first part of the article, the key assumptions of the stakeholder theory and their impact on the competitiveness of entities are discussed, and the term "a development company" is defined. The second part presents conclusions from empirical research. These made it possible to formulate a list of main stakeholders who contribute to building a competitive advantage for developers. These entities are included in several groups: customers, suppliers, strategic partners, regulators and current and potential competitors.
Keywords: development company; housing market; stakeholders; stakeholder theory; competitiveness (search for similar items in EconPapers)
JEL-codes: L74 M20 R31 (search for similar items in EconPapers)
Date: 2017-05, Revised 2017-05
New Economics Papers: this item is included in nep-dcm
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.badania-gospodarcze.pl/images/Working_Papers/2017_No_152.pdf First version, 2017 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2017:no152
Access Statistics for this paper
More papers in Working Papers from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ().