Chapter 6 Theoretical and managerial strategy implications

Abstract

The objective of this chapter is to outline the implications of the results of the study of stakeholder theory and managerial strategy. The difference in stakeholder salience between countries has implications for the strategic management of organisations, whether their operations are local or multinational. The differing perceptions of legitimacy, power, and urgency accorded to the various stakeholders within the study would appear to indicate that not all stakeholders are perceived equally across different geographical contexts. Stakeholders, as well as the organisations with which they are associated, are shaped by social, political, and economic forces. The effect of culture on organisational management has been documented extensively in previous literature.

Citation

Cummings, L. and Patel, C. (2009), "Chapter 6 Theoretical and managerial strategy implications", Cummings, L. and Patel, C. (Ed.) Managerial Attitudes toward a Stakeholder Prominence within a Southeast Asia Context (Studies in Managerial and Financial Accounting, Vol. 19), Emerald Group Publishing Limited, Leeds, pp. 145-158. https://doi.org/10.1108/S1479-3512(2009)0000019010