A REVIEW OF STAKEHOLDER DYNAMICS
Journal Title: Polish Journal of Management Studies - Year 2016, Vol 14, Issue 1
Abstract
Stakeholder relationships are a critical part of any businesses success, and should be properly managed to provide the best outcome for the firm during its market lifecycle. Our aim is to emphasize the importance of stakeholders along the firm lifecycle and present cultural dimensions of decision making with an overview of cultural aspects. The paper builds upon on the previous research of authors focusing on the very dynamic High-tech market in Canada. Our main statement is that the role and importance of stakeholders are changing and to show the directions or focus of stakeholders influence changes according to the stages in this market the interactions with, and among stakeholders’ changes remarkably depending on where the firm is in its market evolution or penetration. We also show the importance of stakeholders in the decision making process and analyzing the European market it can be seen that different cultural background even can affect the decisions also in a market with more similar background like Hungary and Germany. Market environment dictates the profile of the stakeholder ecosystem, and this reflects the profile of the marketplace. The relationship is mutually beneficial, or mutually destructive, and proper management is the only way to shift the latter to the former.<br/><br/>
Authors and Affiliations
Tamas Koplyay, Maria Fekete-Farkas, Doug Lloyd, Edit Feher-Toma
Keywords
Related Articles
- EP ID EP241353
- DOI 10.17512/pjms.2016.14.1.13
- Views 122
- Downloads 0
FROM PHYSICAL TO DIGITAL: INVESTIGATING CONSUMER BEHAVIOUR OF SWITCHING TO MOBILE WALLET
Even though the digital payment methods are taking the intention of scholars nowadays as new trend to investigate it, there are still few studies that examine the consumer switching decision from the traditional way to d...
MANAGEMENT OF MASS CUSTOMIZED ORDERS USING FLEXIBLE SCHEDULES TO MINIMIZE DELIVERY TIMES
The goal of mass customization is to make the products and / or services to satisfy individual customer who makes the order with a specific design for their needs. In real situation it is not so easy deal to meet individ...
ASPECTS OF THE GENDER INEQUALITY ISSUE IN KNOWLEDGE SOCIETY CAREERS
Professional segregation, as a form of gender inequality persists in the labor market. The main issue with this phenomenon is gender inequality payment, with drawbacks in both individual and social evolution. Women’s pot...
INFLUENCE OF MANAGERIAL DECISIONS TO INVEST IN INNOVATIONS ON THE STOCK MARKET PERFORMANCE: AN EMPIRICAL ANALYSIS
This paper examines the hypothesis that management decisions to invest in innovations have an impact on business performance. We used the “Delta Intangible Assets to Sales Ratio” as a proxy variable for investments in in...
INTEGRATION OF CORPORATIVE GOVERNANCE INTO ORGANISATION’S SOCIAL RESPONSIBILITY SYSTEM
The European Union defines the corporative governance as a phenomenon whereby the companies voluntarily decide to contribute to a better society and a cleaner environment. The answer to the question “If we could measure,...