, Volume 96, Issue 1 Supplement, pp 21-26
Date: 28 Jun 2011

Stakeholder Collaboration: Implications for Stakeholder Theory and Practice

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The focus of this article is on multi-sector, interorganizational collaborations and the nature of the stakeholder relationships within these social partnerships. Social partnerships are collectivities of organizations that come together to solve “messy problems” that cannot typically be solved by an organization acting alone. Such partnerships represent “social problem-solving mechanisms among organizations from more than one economic sector” (Waddock 1989, p. 79). As an illustrative example, consider how the advent of “green” and environmentally friendly products involves the collaboration of organizations across public and private sectors to develop new technologies for the benefit of society. These organizations include investors, suppliers, legislators, government agencies, environmentalists, retailers, the media, special interest groups, and local, state, and federal governments, among others (see Mendelson and Polonsky 1995; Polonsky 1995; Stafford and Hartman 1996). Similar exa