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Reviewing the role of stakeholders in Operational Research: A stakeholder theory perspective
- Source :
- European Journal of Operational Research, 262, 2, pp. 402-410, European Journal of Operational Research, 262, 402-410
- Publication Year :
- 2017
- Publisher :
- Elsevier BV, 2017.
-
Abstract
- Contains fulltext : 174550.pdf (Publisher’s version ) (Closed access) The role of stakeholders in organizational decision-making is gaining more and more attention. Managers find that in order to create value sustainably and ethically, it is necessary to balance the interests of various stakeholders. This trend is reflected in the management literature, where much advancement has been made in what is known as stakeholder theory. In the founding years of stakeholder theory there was a close connection and interchange of ideas between stakeholder theorists and operational researchers. Yet in recent years, the stream of papers that includes both fields has dwindled to a trickle. This lack of theoretical integration is surprising, as Operational Research is in nature a collaborative discipline. In this paper, we discuss three topics in stakeholder theory that can inform and improve studies involving working with stakeholders in Operational Research: instrumental versus moral stakeholder theory; focusing on trade-offs versus focusing on avoiding trade-offs; and focusing on the decision-making organization versus focusing on stakeholder engagement. We then conduct a systematic review of 144 Operational Research articles on the topic ‘stakeholders’. Content analysis of these articles reveals four distinct traditions of working with stakeholders: optimizing, balancing, structuring and involving. We compare the four traditions on goals, role of the analyst, type of data used, and results. Our analysis provides the basis for recommendations to Operational Research practitioners on how to work with stakeholders. 12 april 2017 9 p.
- Subjects :
- Value (ethics)
021103 operations research
Information Systems and Management
Knowledge management
General Computer Science
Operations research
business.industry
05 social sciences
0211 other engineering and technologies
Stakeholder
Stakeholder engagement
02 engineering and technology
Management Science and Operations Research
Industrial and Manufacturing Engineering
Work (electrical)
Content analysis
Modeling and Simulation
Political science
0502 economics and business
Sustainability
Stakeholder analysis
business
Institute for Management Research
Stakeholder theory
050203 business & management
Subjects
Details
- ISSN :
- 03772217
- Volume :
- 262
- Database :
- OpenAIRE
- Journal :
- European Journal of Operational Research
- Accession number :
- edsair.doi.dedup.....061f711936369d31e7358fefa566dc58