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The Role of Organisational Stakeholders in the Formulation of Values Statements

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  • Krista Jaakson

    (Institute of Business Administration, University of Tartu)

Abstract

Although the literature on organisational values is plentiful, little is known about the process of formulating the statements that reflect those values in an organisation. Furthermore, the way that stakeholder groups are treated in the existing literature is dramatically different when it comes to their involvement in the values formulation process. There is no consensus on whether and who to consult when adopting values statements. The aim of the current paper is to offer a model for stakeholder involvement in the process of formulating organisational values statements. First, the categories of values are discussed in order to understand the subject matter. Next, the potential impact of values statements on different stakeholders is mapped and a basis for distinct levels of stakeholder involvement is formed. The model for stakeholder involvement presented in the final chapter rests on the idea that the higher the impact of the values statement on stakeholders the more they deserve to be involved in the process of formulating these values.

Suggested Citation

  • Krista Jaakson, 2008. "The Role of Organisational Stakeholders in the Formulation of Values Statements," Working Papers 171, Tallinn School of Economics and Business Administration, Tallinn University of Technology.
    • Handle: RePEc:ttu:wpaper:171
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    References listed on IDEAS

    as
    1. Boris Kabanoff & Joseph Daly, 2002. "Espoused Values of Organisations," Australian Journal of Management, Australian School of Business, vol. 27(1_suppl), pages 89-104, June.
    2. Marguerite Schneider, 2002. "A Stakeholder Model of Organizational Leadership," Organization Science, INFORMS, vol. 13(2), pages 209-220, April.
    3. J. Carlos Jarillo, 1988. "On strategic networks," Strategic Management Journal, Wiley Blackwell, vol. 9(1), pages 31-41, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    organisational values; value statements; stakeholder involvement;
    All these keywords.

    JEL classification:

    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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