ABSTRACT
The last chapter refers to the large beneficial effects generated by the new management vision, approaches, and mechanisms focused on the relevant stakeholder and social responsibility and is structured in three parts.
First part refers to the supplementary resources available for the organization, for the most part without supplementary cost. Internal relevant stakeholders contribute mainly with more information, knowledge, and relationships. This means that they use to a larger extent of their intellectual capital in the interest of the company. External relevant stakeholders provide the same type of intellectual capital resources as well as more “classical” tangible resources: raw materials, services, products, money, and specialists.
Second part deals with better and higher productive work processes in the company and among all stakeholders. Ten arguments support this statement.
Third part focusses on higher multidimensional and sustainable performance for the company and its external and internal stakeholders. Increased performance could be identified at eight levels: internal company-relevant stakeholders (economic, social, ecological, educational, etc.), each company activity, company value chain, company resilience, company as a whole entity, external relevant stakeholders, markets of the company and of the external stakeholders, company industry and economy, and the community and society.
Elements from this chapter demonstrate the large beneficial effects generated by the new vision and approach of the company management, stakeholders, and social responsibility.
