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Managing the extended enterprise: the new stakeholder view


Post, James E; Preston, Lee E; Sachs, Sybille (2002). Managing the extended enterprise: the new stakeholder view. California Management Review, 45(1):6-28.

Abstract

This article enlarges the "extended enterprise" metaphor from its origins in manufacturing-logistics management to embrace the full range of constituencies that are vital to the survival and success of the corporation. This article presents a new "Stakeholder View" of the firm which holds that stakeholder relationships are the ultimate sources of the firm's wealth-creating capacity. According to this view, long-term business success requires a firm to develop and integrate relationships with its multiple stakeholders within a comprehensive management strategy. In order to illustrate the validity of this approach, this article describes and analyzes the evolution and impact of comprehensive stakeholder management policies in three major firms. INSETS: Monsanto: Stakeholder Management in an Extended Enterprise;Company Profiles.

Abstract

This article enlarges the "extended enterprise" metaphor from its origins in manufacturing-logistics management to embrace the full range of constituencies that are vital to the survival and success of the corporation. This article presents a new "Stakeholder View" of the firm which holds that stakeholder relationships are the ultimate sources of the firm's wealth-creating capacity. According to this view, long-term business success requires a firm to develop and integrate relationships with its multiple stakeholders within a comprehensive management strategy. In order to illustrate the validity of this approach, this article describes and analyzes the evolution and impact of comprehensive stakeholder management policies in three major firms. INSETS: Monsanto: Stakeholder Management in an Extended Enterprise;Company Profiles.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Strategy and Management
Language:English
Date:2002
Deposited On:12 Sep 2019 10:12
Last Modified:31 Jul 2020 03:38
Publisher:University of California, Berkeley
ISSN:0008-1256
OA Status:Closed
Free access at:Publisher DOI. An embargo period may apply.
Publisher DOI:https://doi.org/10.2307/41166151
Other Identification Number:merlin-id:4050

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