Analyzing the Essence of Stakeholder Relationships: What do we Need in Addition to Power, Legitimacy, and Urgency? [Book Review]

Journal of Business Ethics 96 (S1):65-72 (2010)
This article contributes to the body of stakeholder literature by providing an in-depth analysis of the dynamics of stakeholder relationships as a part of change in value creation. The article presents an argument that the stakeholder salience model as a tool for analyzing stakeholder relationships is not sufficient for understanding business value creation. In the recent stakeholder literature, understanding business value creation has become an important theme. Through an analysis of an empirical case, the article shows how the three stakeholder relationship attributes, legitimacy, power and urgency help to reveal the definitive stakeholders and to capture dynamics of stakeholder relations. However, in the case of strategic change, where the value creation of a firm is in transition, a more profound understanding of stakeholder relationships is needed. As a result of our empirical analysis, six characteristics of stakeholder relationships were identified. To conclude, the question of who and what really counts should be replaced by the question of how value is created in stakeholder relationships
Keywords Stakeholder relationship  Salience model  Value creation
Categories (categorize this paper)
Reprint years 2011
DOI 10.1007/s10551-011-0945-3
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,694
Through your library
References found in this work BETA
Handbook of Qualitative Research.N. Denzin & Y. Lincoln - 1994 - British Journal of Educational Studies 42 (4):409-410.

View all 7 references / Add more references

Citations of this work BETA

Add more citations

Similar books and articles
Three Elements of Stakeholder Legitimacy.Adele Santana - 2012 - Journal of Business Ethics 105 (2):257-265.
Stakeholder Salience, Shifting Networks and Sustainability.David Saiia - 2005 - Proceedings of the International Association for Business and Society 16:342-346.
The Role of Dynamics in Stakeholder Thinking.Duane Windsor - 2010 - Journal of Business Ethics 96 (S1):79-87.
The Emergence and Evolution of Stakeholder Activism and Firm Responses During Social Issue Life-Cycle.Mika Skippari & Kalle Pajunen - 2008 - Proceedings of the International Association for Business and Society 19:495-507.
The Nature of Nature as a Stakeholder.Matias Laine - 2010 - Journal of Business Ethics 96 (S1):73-78.
The Importance of Competency, Reputation, and Goodwill in Re-Establishing Stakeholder Relationships.Paul Dunn & Jill Brown - 2009 - Proceedings of the International Association for Business and Society 20:291-295.
Added to PP index

Total downloads
24 ( #217,674 of 2,197,228 )

Recent downloads (6 months)
1 ( #298,376 of 2,197,228 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature