Title: Stakeholders' management approach in Italian 'territorial' companies Loccioni Group and the 'Land of Values - LOV' project

Authors: Mara Del Baldo

Addresses: Department of Economics, Society and Politics, University of Urbino "Carlo Bo", Urbino, Italy

Abstract: What is the importance of sharing common values that originate from the entrepreneurs' and companies' embeddedness in a cohesive territorial socio-economic system? Departing from this research question and taking both a deductive and inductive perspective, the paper aims to propose reflections around three main topics: the entrepreneurial and familial origins of SMEs' value systems, which are strictly connected to the historical, cultural, and social roots in their local territories; the influence of these values on the companies' approaches to stakeholders management; and the development of stakeholders' networks promoted by territorial companies, that share a mutual set of values. The case study (Loccioni Group) offers an example of good stakeholders' management practice, which co-evolves with the environment, improving, at the same time, the company's competitiveness and the socio-economic conditions of the local context in which it is deeply embedded.

Keywords: embeddedness; entrepreneurial values; networks; small and medium-sized enterprises; SMEs; social capital; stakeholder management; territorial companies; Italy; entrepreneurship; socio-economic systems; local context.

DOI: 10.1504/EJIM.2013.052835

European Journal of International Management, 2013 Vol.7 No.2, pp.225 - 246

Published online: 26 Mar 2013 *

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