Entrepreneurship and Stakeholder Theory

ruffin_darden ◽  
2002 ◽  
Vol 3 ◽  
pp. 175-195 ◽  
Author(s):  
Ronald K. Mitchell ◽  
Keyword(s):  
Information Processing ◽  
Business Ethics ◽  
Stakeholder Theory ◽  
Value Creation ◽  
Common Ground ◽  
Cognitive Theory ◽  
Distribution Of Wealth ◽  
Value Sharing ◽  
Processing Theory ◽  
Research And Education

In his Ruffin Lecture on stakeholder value and the entrepreneurial process, Professor S. Venkataraman asserted that two processes: value creation, and value sharing, are common ground for both the field of business ethics and the field of entrepreneurship (Venkataraman, 1999). In this article I further explore the connections between entrepreneurship and stakeholder theory raised in the Lecture, as they relate to both the production and the distribution of wealth in society. Through the application of transaction cognition theory, which suggests that a type of stakeholder-centered expert transacting script can integrate entrepreneurship and stakeholder theory through concepts from its sub-specialty, expert information processing theory, I employ a cognitive theory lens to suggest a set of integrating ideas and implications that attempt to complement and expand on Professor Venkataraman’s thesis. Implications for research and education conclude the article.

Creating Value by Sharing Values: Managing Stakeholder Value Conflict in the Face of Pluralism through Discursive Justification

2020 ◽  
Vol 31 (1) ◽  
pp. 1-36 ◽  
Author(s):  
Maximilian J. L. Schormair ◽  
Dirk Ulrich Gilbert
Keyword(s):  
Stakeholder Theory ◽  
Value Creation ◽  
Stakeholder Engagement ◽  
Value Congruence ◽  
Value Conflict ◽  
Value Sharing ◽  
Sharing Values ◽  
The Face ◽  
Procedural Guidance ◽  
Discursive Justification

ABSTRACTThe question of how to engage with stakeholders in situations of value conflict to create value that includes a plurality of conflicting stakeholder value perspectives represents one of the crucial current challenges of stakeholder engagement as well as of value creation stakeholder theory. To address this challenge, we conceptualize a discursive sharing process between affected stakeholders that is oriented toward discursive justification involving multiple procedural steps. This sharing process provides procedural guidance for firms and stakeholders to create pluralistic stakeholder value through the discursive accommodation of diverging stakeholder value perspectives. The outcomes of such a discursive value-sharing process range from stakeholder value dissensus to low (agreement to disagree) and increasing levels of stakeholder value congruence (value compromise) to stakeholder value consensus (shared values). Hence, this article contributes to the emerging literature on integrative stakeholder engagement by conceptualizing a procedural framework that is neither overly oriented towards dissensus nor consensus.

Stakeholder Judgments of Value

2016 ◽  
Vol 26 (2) ◽  
pp. 227-256 ◽  
Author(s):  
Leena Lankoski ◽  
N. Craig Smith ◽  
Luk Van Wassenhove
Keyword(s):  
Business Ethics ◽  
Prospect Theory ◽  
Stakeholder Theory ◽  
Value Creation ◽  
Management Practice ◽  
Reference State ◽  
Value Judgments ◽  
And Shifts ◽  
Corporate Actions

ABSTRACT:Although central to stakeholder theory, stakeholder value is surprisingly neglected in the literature. We draw upon prospect theory to show how stakeholder judgments of value depend crucially on the reference state, how there are several alternative reference states that may be operative when stakeholders judge value, how the choice of reference state for stakeholders’ value judgments can occur intuitively or deliberately, and how the level of the operant reference state may change with time and may also be incorrectly perceived by stakeholders or managers. Our theorizing results in a fundamentally different way of perceiving the value of corporate actions to stakeholders and shifts understanding of the avenues available for companies and others to influence stakeholder judgments of value. This novel perspective has implications both for theory and management practice, and not least for normative business ethics, if business is about stakeholder value creation.

A Comprehensive Model for Medical Information Processing

1983 ◽  
Vol 22 (03) ◽  
pp. 124-130 ◽  
Author(s):  
J. H. Bemmel
Keyword(s):  
Intensive Care ◽  
Information Processing ◽  
Medical Information ◽  
Computer Applications ◽  
Human Interaction ◽  
Comprehensive Model ◽  
Computers In Medicine ◽  
Medical Information Systems ◽  
Research And Education ◽  
The Many

At first sight, the many applications of computers in medicine—from payroll and registration systems to computerized tomography, intensive care and diagnostics—do make a rather chaotic impression. The purpose of this article is to propose a scheme or working model for putting medical information systems in order. The model comprises six »levels of complexity«, running parallel to dependence on human interaction. Several examples are treated to illustrate the scheme. The reason why certain computer applications are more frequently used than others is analyzed. It has to be strongly considered that the differences in complexity and dependence on human involvement are not accidental but fundamental. This has consequences for research and education which are also discussed.

scholarly journals Perceived Intimacy Differences of Daily Online and Offline Interactions in People’s Social Network

Societies ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 13
Author(s):  
Emmelyn A. J. Croes ◽  
Marjolijn L. Antheunis
Keyword(s):  
Information Processing ◽  
Social Network ◽  
Social Information Processing ◽  
Media Use ◽  
Tie Strength ◽  
Information Processing Theory ◽  
Strong Ties ◽  
Social Information Processing Theory ◽  
Face To Face ◽  
Processing Theory

This study examined which media people use on a day-to-day basis to communicate and whether tie strength influenced this media use. Furthermore, we analyzed whether online and offline interactions differ in perceived intimacy and whether tie strength impacts perceived interaction intimacy: 347 real interactions of 9 participants (3 male, 6 female) were analyzed; 172 online (WhatsApp, Facebook Messenger, email, SMS interactions) and 175 offline (recorded phone and face-to-face conversations). The results revealed that the participants communicated most frequently face-to-face or via WhatsApp, especially with strong ties. Furthermore, participants rated their interactions with strong ties as more intimate compared to weak-tie interactions. Our findings have implications for Social Information Processing theory, as our findings show that people are equally able to communicate intimate messages online and offline.

scholarly journals Inhibition of return: An information processing theory of its natures and significance

Cortex ◽  
2021 ◽  
Vol 135 ◽  
pp. 30-48
Author(s):  
Ralph S. Redden ◽  
W. Joseph MacInnes ◽  
Raymond M. Klein
Keyword(s):  
Information Processing ◽  
Inhibition Of Return ◽  
Information Processing Theory ◽  
Processing Theory
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