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ANTONINO GALATI

Stakeholder Engagement and Sustainability

  • Autori: S.M. Riad Shams; Demetris Vrontis; Yaakov Weber; Evangelos Tsoukatos; Antonino Galati
  • Anno di pubblicazione: 2020
  • Tipologia: Curatela
  • OA Link: http://hdl.handle.net/10447/542138

Abstract

This book develops insight for the management of businesses operating in various sectors of economic activity that take, or wish to adopt, a proactive approach to the triple dimensions of sustainability (economic, social and environmental), suggesting itself to support both academics and practitioners in the wide area of business management. The concept of sustainability is today at the heart of international policies and debate, and it plays a key role in the deep changes of the business organizational models operating in a wide range of sectors of economic activity. Companies are more frequently called to answer for the social, ethical and environmental consequences of their business, although they cannot disregard of the impact of their choices on their economic performance. Their behaviour from reactive to proactive, in relation to the issues outlined above, is often a response to pressure from stakeholders, primary or secondary, internal or external, and it is the result of their involvement in the decision-making process, which has become crucial to sustain businesses’ competitive advantage in the international arena. Indeed, compared to the past, stakeholder involvement has moved from a simple, or unidirectional, model, in which companies try to manage stakeholder expectations based on the information they have acquired by the same, to a more complex model, in which companies themselves involve the stakeholder in the decision-making process through a mutual commitment .