Abstract

http://ssrn.com/abstract=26238
 
 

References (68)



 
 

Citations (21)



 


 



Stakeholder Cooperation


Shann Turnbull


International Institute for Self-Governance; Sustainable Money Working Group


Journal of Cooperative Studies, Vol. 29, No. 3, pp. 18-52, 1997

Abstract:     
Some of the most successful businesses in the world involve employees, customers and suppliers in their control. This paper describes why this is so and how stakeholder governance could be introduced into English speaking countries. The competitive advantages of establishing co-operative relationships with stakeholders are illustrated by analyzing a Japanese Keiretsu and the stakeholder co-operatives found around the Spanish town of Mondragon. These are shown to share common features in their information and control architecture, which are also shared by all living things, which depend upon obtaining feedback information from their environment to exist. Elements of information theory, which is used to design self-regulating devices, are introduced to indicate how firms could be designed to mimic life forms to become self-regulating. Besides introducing competitive advantages, this would minimize both the internal and external costs of regulation. The paper recommends that governments provide leadership in introducing competitive self-regulation using the strategy proposed by the U.S. Vice President. The result would be to create a "Stakeholder Economy."

Number of Pages in PDF File: 21

JEL Classification: G3, K2, L2

Accepted Paper Series


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Date posted: September 10, 1997  

Suggested Citation

Turnbull, Shann, Stakeholder Cooperation. Journal of Cooperative Studies, Vol. 29, No. 3, pp. 18-52, 1997. Available at SSRN: http://ssrn.com/abstract=26238 or http://dx.doi.org/10.2139/ssrn.26238

Contact Information

Shann Turnbull (Contact Author)
International Institute for Self-Governance ( email )
PO Box 266 Woollahra
Cell: +61418222378
Sydney, New South Wales 1350
Australia
+61293278487 (Phone)
+61280655905 (Fax)
HOME PAGE: http://independent.academia.edu/ShannTurnbull/CurriculumVitae
SKYPE: shann.turnbull
Sustainable Money Working Group ( email )
Holyoake House
Hanover Street
Manchester, M60 0AS
United Kingdom
Feedback to SSRN


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