This class exists in these courses :
• IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS

Prerequisites

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.

Learning outcomes

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"

Course description

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).

Class type

Class structure

Teaching methods

• Seminar

Assessment

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

Recommended reading

• 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)