Stakeholder commitment

Normative approaches towards
stakeholder theory hold that:
Managers ought to pay attention to key stakeholder
relationships.
According to this perspective, managerial relationships with
stakeholders are based on normative, moral commitments. Rather than on a
desire to use those stakeholders solely to maximize profits. In short, a
firm establishes certain fundamental moral principles. These guide how
the company does business, in particular with respect [...]

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Strategic Stakeholder Management

Instrumental approaches towards stakeholder theory hold that:
To maximize shareholder value over an uncertain time frame, managers ought to pay attention to key stakeholder
relationships.
Firms have a stake in the behavior of their stakeholders. Prudent management of firms’ operating environments, including relationships [...]

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The Stakeholder Value Perspective

 
The Stakeholder Value Perspective (also: Stakeholder Values Perspective) emphasizes responsibility over
profitability and sees organizations primarily as coalitions which must serve all parties involved.

 
Stakeholder Value advocates believe that the success of an
organization should be measured by the satisfaction among all
stakeholders. And they see stakeholder management both as an end/purpose
and as a means. They [...]

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The Shareholder Value Perspective

Introduction
Over the last 200 years, the influence of business corporations on our society has grown quickly and tremendously. No wonder that the corporate purpose they should serve is discussed by many people with different backgrounds, including:

Academics in the fields of economics, law, political science and sociology,
Business ethics and philosophic scientists,
Political parties, labor unions, various communities, [...]

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Moral Purpose

In an article regarding moral purpose from Nikos Mourkogiannis, he describes four main ideals of leadership. These can be used for inspiring and leading an organization toward a long-term competitive advantage. According to Mourkogiannis in Strategy+Business, Issue 41, Winter 2005, a moral purpose is a value that, when it is articulated, appeals to the innate [...]

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kai zen

What is Kaizen?

The Kaizen method of continuous incremental improvements is an originally Japanese management concept for gradual, continuous (incremental) change (improvement). Kaizen is actually a way of life philosophy. It assumes that every aspect of our life deserves to be constantly improved. The Kaizen philosophy lies behind many Japanese management concepts such as: Total Quality [...]

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