Social Thinking. Creation of Value for Stakeholders

The creation of value, a typical goal of stockholders, should be
considered in the process of optimizing an objective function that is
larger and more complex, resulting from a "political compromise"
regarding the aims of the different classes of stakeholders. In
particular, this function must be compatible with the needs of the
external environment, taking into account the influence of cultural
roots in a context of Corporate Social Responsibility. The presence of
conflicting interests, both inside and outside of the company, creates
the possibility for conflicts between groups; profit depends on the
extent to which internal and external conflict resolution takes place.
This study aims to describe ways of identifying the principles of
responsible management that, although resulting from different
cultures, if linked together allow a more meaningful understanding of
the behavior of modern corporations. The analysis of the international
literature will be accompanied by the examples of 5 Italian companies.