A Stakeholder Approach to Value Creation and Leadership

Abstract

This chapter builds on the notion that in contemporary societies, leaders need to pay attention to a broad array of stakeholders and understand how value is created in stakeholder relationships. Stakeholder research considers how firms create value for different stakeholders (Parmar et al. and how value is created in stakeholder relationships (Myllykangas et al., 2010). The key message in this chapter is that organisations and their leaders need to understand value-creating stakeholder relationships. The chapter proposes the SVC model with an emphasis on joint interests, the ability to collaborate, and trust in stakeholder relationships. For those working in leadership positions, the SVC model provides a tool for considering value creation with and for a wide-ranging variety of stakeholders.