Stakeholder theory, industrial revolution, and interaction models on the internet: further research topics Section Modeling and operations research
##plugins.themes.academic_pro.article.sidebar##
Published
Feb 26, 2023
Download
Statistic
Downloads
Download data is not yet available.
##plugins.themes.academic_pro.article.main##
Abstract
As an ethical-based theory of moral philosophy, stakeholder theory inherits problems in its function of explaining recent business activities. This is because there is an assumption that the characteristics of the environment can direct the development of organizational theory. Epistemologically, Stakeholders Theory provides opportunities for researchers across disciplines and fields of study to be involved in its development. Therefore, the authors offer a thesis about the involvement of business environment characteristics to the development of theory. This thesis is axiomatic but actually taken for granted by researchers. Content analysis was chosen as the main method by collecting articles using www.google.com and www.scholar.google.com as well as PoP software. Source in the form of video transcripts from interviews with stakeholder theorist R. Edward Freeman was also analyzed. The characteristics of the two concepts, namely the industrial revolution 4.0 and stakeholder theory are explained and concluded which in the end the synthesis between the two concepts is visualized. This article then discusses the results of the visualization in the form of an interaction model, to support this research thesis and to provide a contribution in the future research topics.
##plugins.themes.academic_pro.article.details##
How to Cite
Wibowo, H. A. (2023). Stakeholder theory, industrial revolution, and interaction models on the internet: further research topics: . Enrichment : Journal of Management, 12(6), 4849-4858. https://doi.org/10.35335/enrichment.v12i6.1076
References
Agle, B. R., Donaldson, T., Freeman, R. E., Jensen, M. C., Mitchell, R. K., & Wood, D. J. (2008). Dialogue: Toward Superior Stakeholder Theory. Business Ethics Quarterly, 18(2), 153–190. Retrieved from https://www.cambridge.org/core/product/identifier/S1052150X00010927/type/journal_article
Alekseev, A. N., Buraeva, E. V., Kletskova, E. V., & Rykhtikova, N. A. (2019). Stages of Formation of Industry 4.0 and the Key Indicators of Its Development. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 93–100). https://doi.org/10.1007/978-3-319-94310-7_9
Donaldson, T., & Preston, L. E. (1995). Stakeholder theory: Concepts, evidence, and implications. Academy of Management Review, 20(1), 65–91.
Fassin, Y. (2008). Imperfections and Shortcomings of the Stakeholder Model’s Graphical Representation. Journal of Business Ethics, 80(4), 879–888. https://doi.org/10.1007/s10551-007-9474-5
Freeman, R. E. (2010). Managing for Stakeholders: Trade-offs or Value Creation. Journal of Business Ethics, 96(1), 7–9. https://doi.org/0.1007/s10551-011-0935-5
Friedman, M. (2007). The Social Responsibility of Business Is to Increase Its Profits. Corporate Ethics and Corporate Governance, 173–178. https://doi.org/10.1007/978-3-540-70818-6_14
Galushkin, A. A., Nazarov, A. G., Sabyna, E. N., & Skryl, T. V. (2019). The Institutional Model of Formation and Development of Industry 4.0 in the Conditions of Knowledge Economy’s Formation. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 219–226). https://doi.org/10.1007/978-3-319-94310-7_22
Hartmann, E. A., & Bovenschulte, M. (2013). Skills Needs Analysis for “Industry 4.0” based on Roadmaps for Smart Systems. In In: SKOLKOVO Moscow School of Management & International Labour Organization (ed.) (2013): Using Technology Foresights for Identifying Future Skills Needs. Global Workshop Proceedings (pp. 24–36).
Hill, C. W. L., & Jones, T. M. (1992). STAKEHOLDER-AGENCY THEORY. Journal of Management Studies, 29(2), 131–154. https://doi.org/10.1111/j.1467-6486.1992.tb00657.x
HUNT, S. D. (1991). MODERN MARKETING THEORY: Critical Issues In The Philosophy Of Marketing Science (T. E. Shaffer, Ed.). CINCINNATI: SOUTH-WESTERN PUBLISHING CO.
Jimenez, M. (2017). What is the impact of the industry 4.0 in the process industry ? TU DELFT.
JONES, T. M., & WICKS, A. C. (1999). CONVERGENT STAKEHOLDER THEORY. Academy of Management Review, 24(2), 206–221.
Key, S. (1999). Toward a new theory of the firm: a critique of stakeholder “theory.” Management Decision, 37(4), 317–328. https://doi.org/10.1108/00251749910269366
Kolesnichenko, E. A., Radyukova, Y. Y., & Pakhomov, N. N. (2019). The Role and Importance of Knowledge Economy as a Platform for Formation of Industry 4.0. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 73–82). https://doi.org/10.1007/978-3-319-94310-7_7
Litvinova, T. N., Morozova, I. A., & Pozdnyakova, U. A. (2019). Criteria of Evaluation of Effectiveness of Industry 4.0 from the Position of Stimulating the Development of Knowledge Economy. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 101–107). https://doi.org/10.1007/978-3-319-94310-7_10
McIntosh, P. M. (2011). Pragmatism, stakeholder theory and responsible capitalism - Ed Freeman. Retrieved from youtu.be/WOFIUg6XvFk
Popkova, E. G. (2019). Preconditions of Formation and Development of Industry 4.0 in the Conditions of Knowledge Economy. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 65–72). https://doi.org/10.1007/978-3-319-94310-7_6
Popkova, E. G., Ragulina, Y. V., & Bogoviz, A. V. (2019). Fundamental Differences of Transition to Industry 4.0 from Previous Industrial Revolutions. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution ofthe 21st Century, Studies in Systems, Decision and Control 169, (pp. 21–29). https://doi.org/10.1007/978-3-319-94310-7_3
Sozinova, A. A. (2019). Causal Connections of Formation of Industry 4.0 from the Positions of the Global Economy. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 131–143). https://doi.org/10.1007/978-3-319-94310-7_13
Sukhodolov, Y. A. (2019). The Notion, Essence, and Peculiarities of Industry 4.0 as a Sphere of Industry. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution ofthe 21st Century, Studies in Systems, Decision and Control 169, (pp. 3–10). https://doi.org/10.1007/978-3-319-94310-7_1
Vidal, N. G., Berman, S., & Van Buren, H. (2015). Stakeholder Theory and Value Creation Models in Brazilian Firms. Review of Business Management, 17(55), 911–931. https://doi.org/10.7819/rbgn.v17i55.2070
Wibowo, H. A., & Indarti, N. (2020). Blue-Collar Workers Entrepreneurial Intentions and The Extended Theory of Reasoned Action: Incorporating SEM and Person-Item Map Analysis. Journal of Indonesian Economy and Business, 35(3), 204–235. https://doi.org/10.22146/jieb.52046
Wolfe, R. A., & Putler, D. S. (2002). How Tight Are the Ties that Bind Stakeholder Groups? Organization Science, 13(1), 64–80. https://doi.org/10.1287/orsc.13.1.64.544
Alekseev, A. N., Buraeva, E. V., Kletskova, E. V., & Rykhtikova, N. A. (2019). Stages of Formation of Industry 4.0 and the Key Indicators of Its Development. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 93–100). https://doi.org/10.1007/978-3-319-94310-7_9
Donaldson, T., & Preston, L. E. (1995). Stakeholder theory: Concepts, evidence, and implications. Academy of Management Review, 20(1), 65–91.
Fassin, Y. (2008). Imperfections and Shortcomings of the Stakeholder Model’s Graphical Representation. Journal of Business Ethics, 80(4), 879–888. https://doi.org/10.1007/s10551-007-9474-5
Freeman, R. E. (2010). Managing for Stakeholders: Trade-offs or Value Creation. Journal of Business Ethics, 96(1), 7–9. https://doi.org/0.1007/s10551-011-0935-5
Friedman, M. (2007). The Social Responsibility of Business Is to Increase Its Profits. Corporate Ethics and Corporate Governance, 173–178. https://doi.org/10.1007/978-3-540-70818-6_14
Galushkin, A. A., Nazarov, A. G., Sabyna, E. N., & Skryl, T. V. (2019). The Institutional Model of Formation and Development of Industry 4.0 in the Conditions of Knowledge Economy’s Formation. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 219–226). https://doi.org/10.1007/978-3-319-94310-7_22
Hartmann, E. A., & Bovenschulte, M. (2013). Skills Needs Analysis for “Industry 4.0” based on Roadmaps for Smart Systems. In In: SKOLKOVO Moscow School of Management & International Labour Organization (ed.) (2013): Using Technology Foresights for Identifying Future Skills Needs. Global Workshop Proceedings (pp. 24–36).
Hill, C. W. L., & Jones, T. M. (1992). STAKEHOLDER-AGENCY THEORY. Journal of Management Studies, 29(2), 131–154. https://doi.org/10.1111/j.1467-6486.1992.tb00657.x
HUNT, S. D. (1991). MODERN MARKETING THEORY: Critical Issues In The Philosophy Of Marketing Science (T. E. Shaffer, Ed.). CINCINNATI: SOUTH-WESTERN PUBLISHING CO.
Jimenez, M. (2017). What is the impact of the industry 4.0 in the process industry ? TU DELFT.
JONES, T. M., & WICKS, A. C. (1999). CONVERGENT STAKEHOLDER THEORY. Academy of Management Review, 24(2), 206–221.
Key, S. (1999). Toward a new theory of the firm: a critique of stakeholder “theory.” Management Decision, 37(4), 317–328. https://doi.org/10.1108/00251749910269366
Kolesnichenko, E. A., Radyukova, Y. Y., & Pakhomov, N. N. (2019). The Role and Importance of Knowledge Economy as a Platform for Formation of Industry 4.0. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 73–82). https://doi.org/10.1007/978-3-319-94310-7_7
Litvinova, T. N., Morozova, I. A., & Pozdnyakova, U. A. (2019). Criteria of Evaluation of Effectiveness of Industry 4.0 from the Position of Stimulating the Development of Knowledge Economy. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 101–107). https://doi.org/10.1007/978-3-319-94310-7_10
McIntosh, P. M. (2011). Pragmatism, stakeholder theory and responsible capitalism - Ed Freeman. Retrieved from youtu.be/WOFIUg6XvFk
Popkova, E. G. (2019). Preconditions of Formation and Development of Industry 4.0 in the Conditions of Knowledge Economy. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 65–72). https://doi.org/10.1007/978-3-319-94310-7_6
Popkova, E. G., Ragulina, Y. V., & Bogoviz, A. V. (2019). Fundamental Differences of Transition to Industry 4.0 from Previous Industrial Revolutions. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution ofthe 21st Century, Studies in Systems, Decision and Control 169, (pp. 21–29). https://doi.org/10.1007/978-3-319-94310-7_3
Sozinova, A. A. (2019). Causal Connections of Formation of Industry 4.0 from the Positions of the Global Economy. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution of the 21st Century, Studies in Systems, Decision and Control 169, (pp. 131–143). https://doi.org/10.1007/978-3-319-94310-7_13
Sukhodolov, Y. A. (2019). The Notion, Essence, and Peculiarities of Industry 4.0 as a Sphere of Industry. In E. G. Popkova, Y. V. Ragulina, & A. V. Bogoviz (Eds.), Industrial Revolution ofthe 21st Century, Studies in Systems, Decision and Control 169, (pp. 3–10). https://doi.org/10.1007/978-3-319-94310-7_1
Vidal, N. G., Berman, S., & Van Buren, H. (2015). Stakeholder Theory and Value Creation Models in Brazilian Firms. Review of Business Management, 17(55), 911–931. https://doi.org/10.7819/rbgn.v17i55.2070
Wibowo, H. A., & Indarti, N. (2020). Blue-Collar Workers Entrepreneurial Intentions and The Extended Theory of Reasoned Action: Incorporating SEM and Person-Item Map Analysis. Journal of Indonesian Economy and Business, 35(3), 204–235. https://doi.org/10.22146/jieb.52046
Wolfe, R. A., & Putler, D. S. (2002). How Tight Are the Ties that Bind Stakeholder Groups? Organization Science, 13(1), 64–80. https://doi.org/10.1287/orsc.13.1.64.544