Shaking Stakeholders to Leverage a Firm’s Unique Capacity in Issue Networks

Publisher:
International Association for Business and Society
Publication Type:
Conference Proceeding
Citation:
25th Annual Conference of the International Association for Business and Society (IABS), 2014, pp. 129 - 139
Issue Date:
2014
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Firms are often seen to react to stakeholder pressure. However, if one changes the unit of analysis to a social or environmental issue, a firm emerges as a key influencer in mobilizing and connecting other stakeholders. For a variety of reasons, including the firm’s raison d’etre of creating value, a firm may be a critical leader or lynchpin in a movement, especially where it bridges gaps in a previously disconnected network. Two previously underappreciated aspects of stakeholder ties are highlighted in this paper. First, the firm can be seen as shaking otherwise latent stakeholders out of complacency, inasmuch as a firm informs and stimulates concerns, emotions, and actions among stakeholders in relation to a particular issue. Second, the firm can be seen as shaking-up the connections between stakeholders, catalyzing new contacts and relationships within an issue network.
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