Hello
just I need example for each scenario
Involving stakeholders might be a must to boost sustainable business success. Discuss the factors determining the types of stakeholders who should involved in the decision of sustainable business. Explain the possible strategies of promoting sustainability to gain stakeholders. Support your answer with examples.
Stakeholders: Designing a sustainable business model calls for rethinking what stakeholders to involve. It need to align on three dimensions: normative, strategic and instrumental.
⚫ Frooman categorized influences into usage and withholding as well as direct and indirect strategies. ⚫ He presented 4 scenarios of resource interdependence.
First scenario: It is where the focal firm and its stakeholders have high resource interdependence on each other. (The strategy used by stakeholders is direct strategy)
Second scenario: stakeholder power, stakeholders control critical resources but are not in turn resource dependent on the firm. (The strategy used by stakeholders is direct strategy)
Third scenario: When the focal firm and the stakeholders have no resource interdependence on each other. (The stakeholders would be likely to exercise indirect strategies via other stakeholders)
Fourth scenario: The stakeholder group is resource dependent on the firm but the firm has no resource dependence on the stakeholder group. (Unlikely to be influenced by stakeholder pressures)|