A strategic perspective on stakeholder management

A. Heene () and N. A. Dentchev ()
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N. A. Dentchev: -

Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium from Ghent University, Faculty of Economics and Business Administration

Abstract: The purpose of this paper is to contribute to an instrumental argumentation of stakeholder theory by discussing stakeholder theory from a strategic perspective. Our analysis does not use moral or ethical arguments in order to provide a purely instrumental rationale for stakeholder management. Such a rationale appears feasible, as companies are resource dependent on their stakeholders. This argument was articulated earlier in the stakeholder management literature, but it was deemed only appropriate for the so-called primary stakeholders. Secondary stakeholders deserve, in our opinion, instrumental managerial attention as well as a consequence of stakeholder dynamics and of cognitive limitations of managers

Pages: 30 pages
Date: 2004-07
New Economics Papers: this item is included in nep-acc
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Persistent link: https://EconPapers.repec.org/RePEc:rug:rugwps:04/253

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