Stakeholders' management approach in Italian 'territorial' companies Loccioni Group and the 'Land of Values - LOV' project Online publication date: Wed, 10-Sep-2014
by Mara Del Baldo
European J. of International Management (EJIM), Vol. 7, No. 2, 2013
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.
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