A network perspective on stakeholder management: Facilitating entrepreneurs in the discovery of opportunities [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 60 (3):221 - 232 (2005)
The problem of opportunity discovery is at the heart of entrepreneurial activity. Cognitive limitations determine the search for and the analysis of information and, as a consequence, constrain the identification of opportunities. Moreover, typical personal characteristics – locus of control, need for independence and need for achievement – suggest that entrepreneurs will tend to take a central position in their stakeholder environments and thus fail to adapt to the complexity of stakeholder relationships in their entrepreneurial activity. We approach this problem by adopting a network perspective on stakeholder management. We propose a heuristic approach of stakeholder analysis, which requires two mappings of the entrepreneurial constituents. The first mapping focuses on current interactions between the entrepreneur and their stakeholders, while the second focuses on a specific issue and the stakeholders that constitute it. In effect, such a stakeholder analysis requires entrepreneurs to use the complexity of stakeholder relationships in order to go beyond their cognitive limitations and thus facilitate the discovery of new opportunities. As we will argue, this has clear implications for the ethics and activities of entrepreneurs.
|Keywords||business ethics entrepreneurship network perspective opportunity identification stakeholder management|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Bryan W. Husted (1998). Organizational Justice and the Management of Stakeholder Relations. Journal of Business Ethics 17 (6):643 - 651.
Julia Roloff (2008). Learning From Multi-Stakeholder Networks: Issue-Focussed Stakeholder Management. [REVIEW] Journal of Business Ethics 82 (1):233 - 250.
Benjamin A. Neville & Bulent Menguc (2006). Stakeholder Multiplicity: Toward an Understanding of the Interactions Between Stakeholders. [REVIEW] Journal of Business Ethics 66 (4):377 - 391.
Adele Santana (2012). Three Elements of Stakeholder Legitimacy. Journal of Business Ethics 105 (2):257-265.
Moren Lévesque (2002). Stakeholder Value Equilibration, Disequilibration, and the Entrepreneurial Process. The Ruffin Series of the Society for Business Ethics 2002:151-156.
Elisabet Garriga Cots (2011). Stakeholder Social Capital: A New Approach to Stakeholder Theory. Business Ethics 20 (4):328-341.
Brian Harvey & Anja Schaefer (2001). Managing Relationships with Environmental Stakeholders: A Study of U.K. Water and Electricity Utilities. [REVIEW] Journal of Business Ethics 30 (3):243 - 260.
Yves Fassin (2009). The Stakeholder Model Refined. Journal of Business Ethics 84 (1):113 - 135.
Steven J. Maranville (1989). You Can't Make Steel Without Having Some Smoke: A Case Study in Stakeholder Analysis. [REVIEW] Journal of Business Ethics 8 (1):57 - 63.
Jeffrey S. Harrison (2002). A Stakeholder Perspective of Entrepreneurial Activity. The Ruffin Series of the Society for Business Ethics 2002:143-150.
Added to index2009-01-28
Total downloads8 ( #136,258 of 1,006,014 )
Recent downloads (6 months)1 ( #64,735 of 1,006,014 )
How can I increase my downloads?