Adaptation and Context
Research Handbooks in Business and Management series
Edited by Anders Örtenblad
Chapter 12: A stakeholder approach to advising on the relevance of management ideas and panaceas
This chapter discusses the importance of values when testing the relevance of and adapting management and panaceas for certain organizations or organizations in generalized contexts. It is suggested that when testing the relevance and adapting management and panaceas, not only should the context be taken into account but so should the stakeholder perspective. Three such stakeholder perspectives are suggested: the employer perspective, the employee perspective and the societal perspective, each with a certain interest (ideal-typically speaking): profit maximization/ efficiency/ profitability (employer perspective); well-being (employee perspective); and welfare (societal perspective). It is argued that any study of the relevance of any particular management idea or panacea for any particular organization or organizations in a generalized context should, at the least, state which perspective is taken, and ideally use more than one perspective in order to offer a more nuanced analysis of the relevance than many previous studies have done. These suggestions are illustrated through a multi-stakeholder based analysis of the idea of the learning organization.
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