University of Twente Student Theses
Unveiling conflicts and limitations of implementing a stakeholder dominant logic: A multi-case study
Efkemann, Samuel (2024) Unveiling conflicts and limitations of implementing a stakeholder dominant logic: A multi-case study.
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| Abstract: | This research addresses the challenges and conflicts startups face when implementing a stakeholder logic from the beginning, filling a gap in the existing literature. Traditional startup models typically focus on shareholder value, leading to a dominant logic that prioritizes profit maximization. As some startups shift towards stakeholder-oriented business models, which consider the interests multiple stakeholder such as investors, customers, employees, the society and environment, they encounter significant obstacles in balancing these diverse interests. Current tools like the Business Model Canvas, an artifact of shareholder-centric logic, do not adequately address stakeholder needs. Even more sustainable tools, such as the Ecocanvas and Triple Bottom Line Business Model Canvas, fail to fully resolve these challenges. This research employs a qualitative multi-case study approach, examining multiple early-stage startups to explore complexities of adopting a stakeholder logic. Through semi-structured interviews, the study identifies key challenges startups face, including financial limitations, regulatory compliance, and sustainability. Financial constraints emerge as the most critical challenge, influencing startups' ability to address stakeholder interests. Regulatory and legal challenges, along with balancing sustainability, add further complexity, particularly as startups struggle to align growth with stakeholder expectations. The findings reveal that startups remain embedded in an economic environment shaped by shareholder logic. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/103719 |
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