Scandinavian Cooperative Advantage

The Theory and and Practice of Stakeholder Engagement in Scandinavia

Robert Strand, R. Edward Freeman

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    In this article, we first provide evidence that Scandinavian contributions to stakeholder theory over the past 50 years play a much larger role in its development than is presently acknowledged. These contributions include the first publication and description of the term “stakeholder”, the first stakeholder map, and the development of three fundamental tenets of stakeholder theory: jointness of interests, cooperative strategic posture, and rejection of a narrowly economic view of the firm. We then explore the current practices of Scandinavian companies through which we identify the evidence of relationships to these historical contributions. Thus, we propose that Scandinavia offers a particularly promising context from which to draw inspiration regarding effective company-stakeholder cooperation and where ample of examples of what is more recently referred to as “creating shared value” can be found. We conclude by endorsing the expression “Scandinavian cooperative advantage” in an effort to draw attention to the Scandinavian context and encourage the field of strategic management to shift its focus from achieving a competitive advantage toward achieving a cooperative advantage.
    Original languageEnglish
    JournalJournal of Business Ethics
    Volume127
    Issue number1
    Pages (from-to)65-85
    Number of pages21
    ISSN0167-4544
    DOIs
    Publication statusPublished - 2015

    Cite this

    @article{e16eb5eebe0e471db93084e92cf450c2,
    title = "Scandinavian Cooperative Advantage: The Theory and and Practice of Stakeholder Engagement in Scandinavia",
    abstract = "In this article, we first provide evidence that Scandinavian contributions to stakeholder theory over the past 50 years play a much larger role in its development than is presently acknowledged. These contributions include the first publication and description of the term “stakeholder”, the first stakeholder map, and the development of three fundamental tenets of stakeholder theory: jointness of interests, cooperative strategic posture, and rejection of a narrowly economic view of the firm. We then explore the current practices of Scandinavian companies through which we identify the evidence of relationships to these historical contributions. Thus, we propose that Scandinavia offers a particularly promising context from which to draw inspiration regarding effective company-stakeholder cooperation and where ample of examples of what is more recently referred to as “creating shared value” can be found. We conclude by endorsing the expression “Scandinavian cooperative advantage” in an effort to draw attention to the Scandinavian context and encourage the field of strategic management to shift its focus from achieving a competitive advantage toward achieving a cooperative advantage.",
    keywords = "Cooperative advantage, Scandinavia, Stakeholder theory, Strategic management, Sustainability, Creating shared value",
    author = "Robert Strand and Freeman, {R. Edward}",
    year = "2015",
    doi = "10.1007/s10551-013-1792-1",
    language = "English",
    volume = "127",
    pages = "65--85",
    journal = "Journal of Business Ethics",
    issn = "0167-4544",
    publisher = "Springer",
    number = "1",

    }

    Scandinavian Cooperative Advantage : The Theory and and Practice of Stakeholder Engagement in Scandinavia. / Strand, Robert; Freeman, R. Edward.

    In: Journal of Business Ethics, Vol. 127, No. 1, 2015, p. 65-85.

    Research output: Contribution to journalJournal articleResearchpeer-review

    TY - JOUR

    T1 - Scandinavian Cooperative Advantage

    T2 - The Theory and and Practice of Stakeholder Engagement in Scandinavia

    AU - Strand, Robert

    AU - Freeman, R. Edward

    PY - 2015

    Y1 - 2015

    N2 - In this article, we first provide evidence that Scandinavian contributions to stakeholder theory over the past 50 years play a much larger role in its development than is presently acknowledged. These contributions include the first publication and description of the term “stakeholder”, the first stakeholder map, and the development of three fundamental tenets of stakeholder theory: jointness of interests, cooperative strategic posture, and rejection of a narrowly economic view of the firm. We then explore the current practices of Scandinavian companies through which we identify the evidence of relationships to these historical contributions. Thus, we propose that Scandinavia offers a particularly promising context from which to draw inspiration regarding effective company-stakeholder cooperation and where ample of examples of what is more recently referred to as “creating shared value” can be found. We conclude by endorsing the expression “Scandinavian cooperative advantage” in an effort to draw attention to the Scandinavian context and encourage the field of strategic management to shift its focus from achieving a competitive advantage toward achieving a cooperative advantage.

    AB - In this article, we first provide evidence that Scandinavian contributions to stakeholder theory over the past 50 years play a much larger role in its development than is presently acknowledged. These contributions include the first publication and description of the term “stakeholder”, the first stakeholder map, and the development of three fundamental tenets of stakeholder theory: jointness of interests, cooperative strategic posture, and rejection of a narrowly economic view of the firm. We then explore the current practices of Scandinavian companies through which we identify the evidence of relationships to these historical contributions. Thus, we propose that Scandinavia offers a particularly promising context from which to draw inspiration regarding effective company-stakeholder cooperation and where ample of examples of what is more recently referred to as “creating shared value” can be found. We conclude by endorsing the expression “Scandinavian cooperative advantage” in an effort to draw attention to the Scandinavian context and encourage the field of strategic management to shift its focus from achieving a competitive advantage toward achieving a cooperative advantage.

    KW - Cooperative advantage

    KW - Scandinavia

    KW - Stakeholder theory

    KW - Strategic management

    KW - Sustainability

    KW - Creating shared value

    U2 - 10.1007/s10551-013-1792-1

    DO - 10.1007/s10551-013-1792-1

    M3 - Journal article

    VL - 127

    SP - 65

    EP - 85

    JO - Journal of Business Ethics

    JF - Journal of Business Ethics

    SN - 0167-4544

    IS - 1

    ER -