A Naïve Framework for Responsible Business Innovation
12 Pages Posted: 22 Jan 2015 Last revised: 28 Feb 2015
Date Written: January 21, 2015
In this paper I consider a framework to analyse how a firm may engage with a stakeholder with regards to responsible business innovation. In this simple framework, I present how a weak and relatively powerless stakeholder and a more powerful firm interact with each other, given that the firm has violated an ethical standard vis-á-vis that stakeholder in relation to business innovation. This framework is still at the naïve stage, but it will be a useful starting point for future research in stakeholder engagement particularly in issues concerning the sensitivity of firms and organizations towards their weak and powerless stakeholders.
Keywords: stakeholders, organization, stakeholder analysis, stakeholder engagement, innovation
JEL Classification: M00, M10, M14, O31
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