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Tackling Grand Challenges beyond Dyads and Networks: Developing a Stakeholder Systems View Using the Metaphor of Ballet

Published online by Cambridge University Press:  19 November 2021

Thomas J. Roulet Open the ORCID record for Thomas J. Roulet [Opens in a new window]  and
Joel Bothello Open the ORCID record for Joel Bothello [Opens in a new window]
Thomas J. Roulet
Affiliation:
University of Cambridge
Joel Bothello
Affiliation:
Concordia University
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Abstract

Tackling grand challenges requires coordination and sustained effort among multiple organizations and stakeholders. Yet research on stakeholder theory has been conceptually constrained in capturing this complexity: existing accounts tend to focus either on dyadic level firm–stakeholder ties or on stakeholder networks within which the focal organization is embedded. We suggest that addressing grand challenges requires a more generative conceptualization of organizations and their constituents as stakeholder systems. Using the metaphor of ballet and insights from dance theory, we highlight four defining dimensions of stakeholder systems (two structural and two dyadic); we proceed to offer a dynamic model of how those dimensions may interact and coevolve. Our metaphor and resulting theory of stakeholder systems are thereby well equipped to incorporate the complexity of tackling grand challenges, where many contemporary stakeholder arrangements are oriented around issues rather than firms.

Keywords

stakeholder theorysystemsdanceballetnetworks
Type
Article
Information
Business Ethics Quarterly , Volume 32 , Issue 4 , October 2022 , pp. 573 - 603
Copyright
© The Author(s), 2021. Published by Cambridge University Press on behalf of the Society for Business Ethics

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