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Creating Shared Value and Increasing Project Success by Stakeholder Collaboration: A Case in European Manufacturing

Creating Shared Value and Increasing Project Success by Stakeholder Collaboration: A Case in European Manufacturing

Roland Berberich
Copyright: © 2019 |Pages: 22
ISBN13: 9781522583622|ISBN10: 1522583629|EISBN13: 9781522583639
DOI: 10.4018/978-1-5225-8362-2.ch052
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MLA

Berberich, Roland. "Creating Shared Value and Increasing Project Success by Stakeholder Collaboration: A Case in European Manufacturing." Crowdsourcing: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2019, pp. 1056-1077. https://doi.org/10.4018/978-1-5225-8362-2.ch052

APA

Berberich, R. (2019). Creating Shared Value and Increasing Project Success by Stakeholder Collaboration: A Case in European Manufacturing. In I. Management Association (Ed.), Crowdsourcing: Concepts, Methodologies, Tools, and Applications (pp. 1056-1077). IGI Global. https://doi.org/10.4018/978-1-5225-8362-2.ch052

Chicago

Berberich, Roland. "Creating Shared Value and Increasing Project Success by Stakeholder Collaboration: A Case in European Manufacturing." In Crowdsourcing: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 1056-1077. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-8362-2.ch052

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Abstract

This chapter introduces the idea of accessing new resources by collaborative interaction with stakeholders to optimize the value chain and product development process. It is acknowledged that Creating Shared Value (CSV) could be a value driver by revisiting the supply chain (Porter & Kramer, 2011); however, in a world of scarce and often inaccessible resources, wastage is becoming increasingly detrimental. With project expenditure rising (PMI, 2012) and continuing high rates of failure (Balogun & Hope Hailey, 2008; Langley, 2014) small and medium sized businesses (SMEs) could find themselves in a position where crucial innovation becomes unaffordable and non-achievable. It is suggested that utilizing ‘the crowd', pragmatically incorporating collaborative engagement with stakeholders, could not only alleviate this problem but increase project success rates, lower costs and allow SMEs to fulfil social responsibilities with CSV.

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