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A strategic perspective on stakeholder management

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Author Info
A. HEENE ()
N. A. DENTCHEV ()
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

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Paper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 04/253.

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Length: 30 pages
Date of creation: Jul 2004
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Handle: RePEc:rug:rugwps:04/253

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  1. Joseph E. Stiglitz, 2000. "The Contributions Of The Economics Of Information To Twentieth Century Economics," The Quarterly Journal of Economics, MIT Press, vol. 115(4), pages 1441-1478, November. [Downloadable!] (restricted)
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