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Facilitating sustainable development decisions: measuring stakeholder reactions

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  • Marc J. Epstein
  • Sally K. Widener

Abstract

Sustainable development is an issue of increasing importance, in which organizations must engage multiple stakeholders and consider their objectives when deciding on organizational actions, but research provides little guidance regarding how managers can measure stakeholder reactions and use information to facilitate decision‐making. The broad objective of this study is to provide insights useful for decision‐making. In this study, we investigate in its natural and complex environment a real‐world sustainable development conflict – whether to expand energy development in Wyoming. The primary issue is the impact that expanding energy development will have on wildlife and the environment. We collect data from both the local community and a broader national population for use in a quantitative analysis. We use contingent valuation methods to capture the social impact ascribed by the stakeholders. We conclude with a discussion of how this information can be used ex ante to inform decision‐making for sustainable development. Copyright © 2010 John Wiley & Sons, Ltd and ERP Environment.

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  • Marc J. Epstein & Sally K. Widener, 2011. "Facilitating sustainable development decisions: measuring stakeholder reactions," Business Strategy and the Environment, Wiley Blackwell, vol. 20(2), pages 107-123, February.
    • Handle: RePEc:bla:bstrat:v:20:y:2011:i:2:p:107-123
    DOI: 10.1002/bse.680
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    5. José María Agudo & Pilar Gargallo & Manuel Salvador, 2015. "Measuring corporative social performance in firms: a Bayesian factor analysis approach," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(3), pages 638-659, June.
    6. Julia Wolf, 2013. "Improving the Sustainable Development of Firms: The Role of Employees," Business Strategy and the Environment, Wiley Blackwell, vol. 22(2), pages 92-108, February.
    7. Manuela Gomez‐Valencia & Maria Alejandra Gonzalez‐Perez & Ana Maria Gomez‐Trujillo, 2021. "The “Six Ws” of sustainable development risks," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 3131-3144, November.
    8. Michael O. Erdiaw‐Kwasie & Khorshed Alam & Enamul Kabir, 2017. "Modelling Corporate Stakeholder Orientation: Does the Relationship Between Stakeholder Background Characteristics and Corporate Social Performance Matter?," Business Strategy and the Environment, Wiley Blackwell, vol. 26(4), pages 465-479, May.
    9. Elena Escrig‐Olmedo & María Jesús Muñoz‐Torres & María Ángeles Fernández‐Izquierdo, 2013. "Sustainable Development and the Financial System: Society's Perceptions About Socially Responsible Investing," Business Strategy and the Environment, Wiley Blackwell, vol. 22(6), pages 410-428, September.
    10. Nathalie Crutzen, 2013. "Corporate Sustainability, Strategy And Accounting Controls: An Exploration Of Corporate Practices," Post-Print hal-00997955, HAL.
    11. Shao‐Chi Chang & Heng‐Yu Chang, 2015. "Corporate Motivations of Product Recall Strategy: Exploring the Role of Corporate Social Responsibility in Stakeholder Engagement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(6), pages 393-407, November.
    12. Fotis Kitsios & Maria Kamariotou & Michael A. Talias, 2020. "Corporate Sustainability Strategies and Decision Support Methods: A Bibliometric Analysis," Sustainability, MDPI, vol. 12(2), pages 1-21, January.
    13. Nathalie Crutzen, 2013. "Corporate Sustainability, Strategy And Accounting Controls: An Exploration Of Corporate Practices," Post-Print hal-00996790, HAL.
    14. Han Wang & John R. Owen & Guoqing Shi, 2020. "Land for equity? A benefit distribution model for mining‐induced displacement and resettlement," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3410-3421, December.
    15. José M. Agudo‐Valiente & Concepción Garcés‐Ayerbe & Manuel Salvador‐Figueras, 2015. "Corporate Social Performance and Stakeholder Dialogue Management," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(1), pages 13-31, January.
    16. Feimei Liao & Yaoyao Hu & Songqin Ye, 2024. "Corporate social responsibility and green supply chain efficiency: conditioning effects based on CEO narcissism," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-11, December.
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