Applying Stakeholder Theory in Sustainability Management: Links, Similarities, Dissimilarities, and a Conceptual Framework
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In: Organization & Environment, Vol. 27, No. 4, 19.12.2014, p. 328-346.
Research output: Journal contributions › Journal articles › Research › peer-review
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RIS
TY - JOUR
T1 - Applying Stakeholder Theory in Sustainability Management
T2 - Links, Similarities, Dissimilarities, and a Conceptual Framework
AU - Hörisch, Jacob
AU - Freeman, R. Edward
AU - Schaltegger, Stefan
PY - 2014/12/19
Y1 - 2014/12/19
N2 - This essay examines links, similarities, and dissimilarities between stakeholder theory and sustainability management. Based on the analysis a conceptual framework is developed to increase the applicability and the application of stakeholder theory in sustainability management. Concluding from the analysis, we identify three challenges of managing stakeholder relationships for sustainability: strengthening the particular sustainability interests of stakeholders, creating mutual sustainability interests based on these particular interest, and empowering stakeholders to act as intermediaries for nature and sustainable development. To address these challenges three interrelated mechanisms are suggested: education, regulation, and sustainability-based value creation for stakeholders.
AB - This essay examines links, similarities, and dissimilarities between stakeholder theory and sustainability management. Based on the analysis a conceptual framework is developed to increase the applicability and the application of stakeholder theory in sustainability management. Concluding from the analysis, we identify three challenges of managing stakeholder relationships for sustainability: strengthening the particular sustainability interests of stakeholders, creating mutual sustainability interests based on these particular interest, and empowering stakeholders to act as intermediaries for nature and sustainable development. To address these challenges three interrelated mechanisms are suggested: education, regulation, and sustainability-based value creation for stakeholders.
KW - Sustainability sciences, Management & Economics
KW - Stakeholder Theory
KW - sustainability management
KW - theories in sustainability managmement
KW - mutual interests
KW - value creation
KW - Business case for sustainability
KW - sustainability-based value creation for stakeholders
KW - conceputal framework
KW - empowering stakeholders
KW - Value creation
KW - Business case for sustainability
KW - Conceptual framework
KW - Empowering stakeholders
KW - mutual interests
KW - Stakeholder theory
KW - Sustainability management
KW - Sustainability-based value creation for stakeholders
KW - Theories in sustainability management
UR - http://www.scopus.com/inward/record.url?scp=84918587179&partnerID=8YFLogxK
U2 - 10.1177/1086026614535786
DO - 10.1177/1086026614535786
M3 - Journal articles
VL - 27
SP - 328
EP - 346
JO - Organization & Environment
JF - Organization & Environment
SN - 1086-0266
IS - 4
ER -