Integrating Business, Management and Organisation Scholarship: Value Co-creation and Stakeholder Salience(Routledge Advances in Management and Business Studies)

Businesses deliver value to their stakeholders, including customers, employees, suppliers, communities and shareholders. Therefore, value creation is pivotal to management theory, but there is a lack of agreement amongst scholars about value at the conceptual level. This book uses invariant properties of human activities to develop a novel theory of value to help resolve controversies and integrate scholarship from different specialisms. To establish boundaries for the task of integration, business, management and organisation scholarship is identified as being an applied, supra-disciplinary mega-field. Its fragmented nature means that different academic fields, such as strategic management and marketing, approach the concept of value in distinct ways, based on their respective roots in economics and other social sciences. Tracing the evolution of ideas on value over time, a new theoretical framework is developed, the integrating theory of value co-creation, as an alternative to existing theories on value creation for individuals and organisations. The cornerstone of the integrating theory of value co-creation is that exchange is the fundamental basis for value co-creation, which enables it to cover both provider and customer perspectives. Given its interdisciplinary approach, this book will appeal to any social scientist interested in the management of organisations.

Table of Contents:
1. Introduction Part A: A common foundation for integrating Business, Management and Organisation Scholarship 2. Fragmentation of business and management scholarship 3. The scope of the umbrella field and its relationship with academic disciplines 4. Starting points for integrating business, management and organisation scholarship 5. The dimensional nature of work activities and the Transform Through Work Framework (TTWF) Part B: Developing an integrating theory of value co-creation for BMOS 6. Early concepts of value in BMOS and the development of strategic management theory 7. Customer/consumer value, service dominant logic and value co-creation 8. Developing the micro-level foundations of an integrating theory of value co-creation 9. Value co-creation for individuals and organisations and the inevitability of stakeholder salience 10. Limits to value co-creation: economic exchange, finance and digital technologies 11. Summary, limitations and future research

About the Author :
Richard Breese is an Emeritus Fellow of Sheffield Business School, Sheffield Hallam University, UK. He became a lecturer in strategic management and organisational change in 2009, after a career in town planning and regeneration programme management. Themes in Richard’s research include benefits management, change management, organisational resilience, critical realism and the impact of doctoral research. His overriding research interest is the synthesis of insights from across the social sciences.

Review :
"This wonderful book reflects and updates the emphasis of early institutional approaches such as that of Selznick that emphasizes how organizations are infused with value. It is refreshingly focused on purpose at something broader than wealth. Further, at a time when it is increasingly recognized that it is crucial to think of ecosystems rather than individual organizations, the book emphasizes the combined importance of organizations and their members, external stakeholders and multiple academic disciplines in interaction with each other in creating value. The arguments in this book are thoughtfully presented, intriguing and inviting." Jean M. Bartunek, Robert A. and Evelyn J. Ferris Chair, Professor of Management and Organization, Boston College “This is an important book. It integrates stakeholder theory with the rest of our best thinking about management. There are many practical and researchable ideas within, so that reading and studying this volume will repay multiple efforts." R. Edward Freeman, Bachand University Professor, Darden School, University of Virginia "Richard Breese takes an all-too-rare ‘deep generalist’ approach to theory development, straddling boundaries between academic fields and making links to management practice. His thoughtful and provocative critique and synthesis of strategic management and marketing theories on value creation make this book a must-read for scholars in these specialisms, amongst others." Professor Jagdish N. Sheth, Kellstadt Professor of Business, Emory University "Integrating Business, Management and Organisation Scholarship offers a historical, multidisciplinary and comprehensive exploration of the vital concept of value co-creation. Essential reading for anyone seeking to understand how organisations make a meaningful impact, this book deepens our insight into delivering value to stakeholders across diverse contexts." Professor Ofer Zwikael, Australian National University and Associate Editor, International Journal of Project Management