Efficiency of the stakeholder interaction in the context of ensuring sustainable territorial development
-
DOIhttp://dx.doi.org/10.21511/ppm.18(2).2020.28
-
Article InfoVolume 18 2020, Issue #2, pp. 340-349
- Cited by
- 870 Views
-
114 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
The strategic approach to sustainable territorial development precisely assesses all regional disparities. Implementing this approach allows considering the interests and requirements of all stakeholders and identifying priority areas for regional development. A detailed analysis of existing regional development strategies and programs confirms the active region interaction with numerous organizations, groups, and individuals. The growing role of stakeholders in shaping regional policy determines the necessity of the research. Proposed conceptual approach will contribute determining the stakeholders’ interaction effectiveness in ensuring sustainable territorial development. Algorithm for analyzing the stakeholders’ interaction effectiveness was worked out based upon critical analysis of the scientific professionals’ main approaches of identifying and comparing the interests of stakeholders’ sectoral and territorial groups in the context of solving the region existing problems. A feature of the proposed measure scheme of the stakeholder interaction efficiency is the synthesis of quantitative and qualitative assessment of the stakeholder interaction effectiveness using the method of expert assessments, statistical analysis, and fuzzy sets. The practical part of the developed approach to determining the effectiveness of stakeholder interaction allowed to assess the level of regional development programs implementation in the Kharkiv region and to identify the synergistic effect of stakeholder interaction. The made conclusions and recommendations regarding the solution of region existing problems have found practical application in predicting scenarios for the territory development.
- Keywords
-
JEL Classification (Paper profile tab)Н73, O18, R22, R58
-
References31
-
Tables1
-
Figures2
-
- Figure 1. Time focus of a stakeholder analysis by key dimensions
- Figure 2. Methodical approach to measuring the stakeholders’ interaction effectiveness in the context of sustainable territorial development
-
- Table 1. Parameters of a stakeholder interaction evaluation fuzzy system
-
- AccountAbility. (2018). AA1000 Accountability Principles (AA1000AP).
- Anbarasan, P., & Sushil, P. (2018). Stakeholder Engagement in Sustainable Enterprise: Evolving a Conceptual Framework, and a Case Study of ITC. Business Strategy and the Environment, 27(3), 282-299.
- Bourne, L. (2015). Making Projects Work: Effective Stakeholder and Communication Management (1st ed.) (260 p.). New York: Auerbach Publications.
- Bremmers, H., Omta, O., Kemp, R., & Haverkamp, D.J. (2007). Do stakeholder groups influence environmental management system development in the Dutch agri-food sector? Business Strategy & the Environment, 16(3), 214-231.
- D’Anselmi, P. (2011). Values and Stakeholders in an Era of Social Responsibility (272 p.). New York: Free Press.
- Deloitte. (2018). The 2018 Deloitte Global Human Capital Trends: The rise of social enterprise.
- Edgington, D. W., & Fernandez, A. L. (2001). The changing context of regional development. In New regional development paradigms, 2. New regions – concepts, issues, and practices (Contributions in Economics and Economic History) (pp. 3-20). Westport, London: Greenwood Press.
- Freeman, E. (2010). Strategic management: a stakeholder approach. Cambridge: Cambridge University Press.
- Gavkalova, N., & Kolupaieva, I. (2018). Decentralization of public administration in the process of building a democratic society. Public Policy and Administration, 17(2), 216-225.
- Gibson, K. (2000). The moral basis of stakeholder theory. Journal of Business Ethics, 26(3), 245-257.
- Gomes, R., & Gomes, L. (2010). Cross-Cultural Analysis of Stakeholder Identification in Municipal Districts: A comparison of Brazil and England. Public Management Review, 12(1), 53-75.
- Harrison, J., & Thompson, S. (2015). Strategic Management of Healthcare Organizations: A Stakeholder Management Approach. NY: Business Expert Press.
- Hatch, M., & Schultz, M. (2010). Toward a Theory of Brand Co-Creation with Implications for Brand Governance. Journal of Brand Management, 17, 590-604.
- Hemmati, М., Dodds, F., Enayti, J., & McHarry, J. (2002). Multistakeholder Procesess for Governance and Sustainability. London: Earthscan.
- Hill, C. W., & Jones, T. M. (1992). Stakeholder – agency theory. Journal of Management Studies, 29(2), 131-154.
- Kolodiziev, O., Tyschenko, V., Ostapenko, V., & Kolodizieva, T. (2018). Assessment of the level of development of information and communication infrastructure in the regions of Ukraine. Problems and Perspectives in Management, 16(2), 134-144.
- Laplume, A. O., Sonpar, K., & Litz, R. A. (2008). Stakeholder theory: Reviewing a theory that moves us. Journal of Management, 34(6), 1152-1189.
- Low, C., & Cowton, C. (2004). Beyond stakeholder engagement: The challenges of stakeholder participation in corporate governance. International Journal of Business Governance and Ethics, 1(1), 45-55.
- Mendelow, A. (1991). Stakeholder Mapping’. Proceedings of the 2nd International Conference on Information Systems. Cambridge, MA.
- Mendoza, G., & Prabhu, R. (2009). Evaluating multi-stakeholder perceptions of project impacts: a participatory value-based multi-criteria approach. International Journal of Sustainable Development & World Ecotogy, 16(3), 177-190.
- Mitchell, R. K., Agle, B. R., & Wood, D. J. (1997). Towards a theory of stakeholder identification: defining the principle of who and what really counts. Academy of Management Review, 22(4), 853-886.
- Nicholls, A. (2007). The New Social Entrepreneurship. What Awaits Social Entrepreneurial Ventures? Equal Opportunities International, 26(7), 729-732.
- Olander, S., & Landin, A. (2005). Evaluation of stakeholder influence in the implementation of construction projects. International Journal of Project Management, 23(4), 321-328.
- Parmar, B., Freeman, R., Harrison, J., Wicks, A. C., Purnell, A., & Colle, S. D. (2010). Stakeholder Theory: The State of the Art. The Academy of Management Annals, 4(1), 403-445.
- Schmeer, K. (1999). Guidelines for Conducting a Stakeholder Analysis. Abt Associates Inc., Bethesda, MD.
- Sorkin, A. R. (2018). BlackRock’s message: contribute to society, or risk losing our support. New York Times.
- Varvasovszky, Z., & Brugha, R. (2000). Stakeholder analysis. Health Policy and Planning, 15(3), 338-345.
- Viana, L., Moreira, J., & Alves, P. (2018). Accounting for Public-Private Partnerships. In A. Farazmand (Ed.), Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham.
- World Bank. (2017). The World Bank Annual Report 2017. Washington, DC: World Bank Group.
- World Bank. (2018). The World Bank Annual Report 2018. Washington, DC: World Bank Group.
- Yu, J., & Leung, M.-Y. (2018). Structural Stakeholder Model in Public Engagement for Construction Development Projects. Journal of Construction Engineering and Management, 144(6).