Recent work in stakeholder theory argues that additional research into how multi-stakeholder value creation happens is an important focus for the field. However, despite calls for greater attention to this area, there are few examples of how that can happen or what it looks like. This study examines how Volkswagen did just that: created value for multiple stakeholders, nearly simultaneously, over a multi-generational time period, all while overcoming an epic scandal.
AgleBRMitchellRKSonnenfeldJA (1999) Who matters to CEOs? An investigation of stakeholder attributes and salience, corporate performance, and CEO values. Academy of Management Review42(5): 507–525.
2.
AlvarezSABusenitzLW (2001) The entrepreneurship of resource-based theory. Journal of Management: 755–775.
3.
AlvarezSAYoungSLWoolleyJL (2020) Creating the world's deadliest catch: The process of enrolling stakeholders in an uncertain endeavor. Business & Society59(2): 287–321.
DoebleARWestbergKSteelM, et al. (2014) An examination of corporate social responsibility implementation and stakeholder engagement: A case study in the Australian mining industry. Business Strategy and the Environment23: 145–159.
12.
ErricoMDe NoniITeodoriC (2022) SMEs' financial risks in supply chain trade with large companies: The case of Italian automotive component industry. Journal of General Management47(2): 126–137.
13.
EwingJ (2018) Faster, Higher, Father: How One of the World's Largest Automakers Committed a Massive and Stunning Fraud. New York, NY: W. W. Norton & Company.
FreemanRE (1984) Strategic Management: A Stakeholder Approach. Boston, MA: Pitman.
16.
FreemanRE (2010) Managing for stakeholders: Trade-offs or value creation. Journal of Business Ethics96(1): 7–9.
17.
FreemanREPhillipsRSisodiaR (2020) Tensions in stakeholder theory. Business & Society59(2).
18.
FriedmanM (1970) The social responsibility of business is to increase its profits. In: New York Times Magazine. New York, NY: The New York Times Company.
19.
GarciaBZhengJ (2017) Football and Supporter Activism in Europe: Whose Game Is it?London: Palgrave Macmillan.
20.
GioiaDCorleyKHamiltonA (2013) Seeking qualitative rigot in inductive research: Notes on the Gioia methodology. Organizational Research Methods16(1): 15–31.
21.
GlavasAPideritSK (2009) How does doing good matter? Effects of corporate citizenship on employees. Journal of Corporate Citizenship, Winter(36): 51–70.
HemphillTAKelleyKECullariF (2021) The ascendancy of staekholder capitalism: What is its meaning for corporate governance?Journal of General Management46(4): 262–273.
24.
JonesDA (2010) Does serving the community also serve the company? Using organizational identification and social exchange theories to understand employee responses to a volunteerism programme. Journal of Occupational and Organizational Psychology83(4): 857–878.
25.
JonesTMHarrisonJSFelpsW (2018) How applying instrumental stakeholder theory can provide sustainable competitive advantage. Academy of Management Review43(3): 371–391.
26.
KokAMde BakkerFGAGroenewegenP (2019) Sustainability struggles: Conflicting cultures and incompatible logics. Business & Society58(8): 1496–1532.
LallSVHendersonJVVenablesAJ (2017) Africa’s cities: Opening doors to the world. In: Open Knowledge Repository. http://hdl.handle.net/10986/25896 (accessed on 11 November 2022).
MargolisJDWalshJP (2003) Misery loves companies: Rethinking social initiatives by businesses. Administrative Science Quarterly48(2): 268–305.
32.
MitchellRKWeaverGRAgleBR, et al. (2016) Stakeholder agency and social welfare: Pluralism and decision making in the multi-objective corporation. Academy of Management Review41(2): 252–275.
33.
NeimarkMTinkerT (1986) The social construction of management control systems. Accounting, Organizations and Society11(4–5): 369–395.
RudolphH (2002) Management Strategies of Bayern Munich. Germany: Haufe Verlag.
38.
SchiaviGSBehrA (2018) Emerging technologies and new business models: A review on disruptive business models. Innovation & Management Review15(4): 338–355.
39.
ShahSKCorleyKG (2006) Building better theory by bridging the quantitative-qualitative divide. Journal of Management Studies43(8): 1821–1835.
WambaL. D (2022) The determinants of environmental performance and its effect on the financial performance of European-listed companies. Journal of General Management47(2): 97–110.
49.
WilmshurstTDFrostGR (2000) Corporate environmental reporting: A test of legitimacy theory. Accounting, Auditing and Accountability Journal13(1): 10–26.
50.
WolfsburgAG (2021) Wolfsburg AG: Committed to Jobs and Quality of Life. www.wolfsburg-ag.com/(accessed on 11 November 2022).
