Creating Stakeholder Value: New Models of Business in Society

Code Cours
2324-IÉSEG-M1S1-STR-MA-EI12UE
Language of instruction
English
Teaching content
STRATEGY MANAGEMENT
This course occurs in the following program(s)
Training officer(s)
S.de COLLE
Stakeholder(s)
S.de COLLE
Level
Master
Program year
Period

Présentation

Prerequisite
A basic knowledge of the business ethics theories is necessary to attend this seminar - for example having attended the Business Ethics and Social Responsibility course.
Goal
1. Display a critical understanding of Stakeholder theory concepts and strategic management approach
2. Analize case-studies of innovative models of business in society creating value for stakeholders,
such as "social entrepreneurship" and "conscious capitalism"
Presentation
1 - The problems with the dominant story of business: the critique of Stakeholder Theory (Freeman 1984 and 2010)
2 - The role of manager as stakeholder "equilibrating mechanism" (Venkataraman, 2002)
3 - What is the purpose of the firm? Shareholder or Stakeholder value creation? (based on Lynn Stout 2012, Julie Nelson, 2006)
4 - Becoming a stakeholder entrepreneur (based on Freeman 2010 and Mackey-Sisodia "Conscious capitalism" 2013).

Modalités

Organization
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Autoformation
Recherche 8,00
Lecture du manuel de référence 8,00
Overall student workload 32,00
Evaluation
There will be two assessment components:
1 - Class participation (Contribution to class discussions on the required readings);
2- Final examination (individual paper analyzing a case-study
Control type Duration Amount Weighting
Contrôle continu
Participation 16,00 1 30,00
Examen (final)
Examen écrit 2,00 1 70,00
TOTAL 100,00

Ressources

Bibliography
Stakeholder Theory: The State of the Art - 1. R.E. Freeman, J.S. Harrison, A.C. Wicks, B.L. Parmar and S. de Colle (2010

(only Chapter 1, pages 3-29, Chapter 8, pages: 235-264, Chapter 9, pages 267-285), Cambridge University Press

The Shareholder Value Myth: ?How Putting Shareholders First Harms Investors - L. Stout
Economics for Humans, The University of Chicago Press - J. Nelson (2006)
Stakeholder Value Equilibration and the Entrepreneurial Process - S. Venkataraman (2002)