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JOURNAL OF MANAGEMENT POLICY AND PRACTICE
Proactive Stakeholder Management: A Case Study of a Major
Pharmaceutical Corporation
Author(s): Mohammad A. Ali
Citation: Mohammad A. Ali, (2017)"Proactive Stakeholder Management: A Case Study of a Major Pharmaceutical Corporation," Journal of Management Policy and Practice, Vol. 18, Iss. 4, pp. 21-36
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This study tries to explore the efficacy of stakeholder management. This study seeks to offer a comprehensive understanding of the benefits of stakeholder management and as a qualitative work focuses on building theoretical generalizations. The study consists of one primary and one secondary case study. The findings suggest that stakeholder organizations use stakeholder management as a differentiator from their competitors and benefit in terms of customer loyalty; employee loyalty and pride; positive reputation and goodwill; capacity for better decisions; and organizational flexibility. Finally, this work suggests that the Achilles’ heel of stakeholder management is its complicated nature.
