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The co-operative model as a means of stakeholder management: an exploratory qualitative analysis
Version 2 2023-06-12, 08:41
Version 1 2023-06-09, 06:31
journal contribution
posted on 2023-06-12, 08:41 authored by Darrell Hammond, John Da Silva LuizJohn Da Silva LuizThe South African economy has for some time been characterised by high unemployment, income inequality and a skills mismatch, all of which have contributed to conflict between business, government and labour. The co-operative model of stakeholder management is examined as a possible mitigating organisational form in this high-conflict environment. International experience indicates some success with co-operative models but they are not easy to implement effectively and face severe obstacles. Trust and knowledge sharing are critical for enabling a co-operative model of stakeholder management, which requires strong governance and adherence to strict rules. The model must balance the tension between optimisation of governance structures and responsiveness to members' needs. Furthermore, support from social and political institutions is necessary. We find barriers to scalability which manifest in the lack of depth of business skills, negative perception of the co-operative model by external stakeholders, government ambivalence, and a lack of willingness on the part of workers to co-operate for mutual benefit.
History
Publication status
- Published
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- Published version
Journal
South African Journal of Economic and Management SciencesISSN
1015-8812Publisher
AOSISExternal DOI
Issue
4Volume
19Page range
630-646Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2017-06-06First Open Access (FOA) Date
2017-06-06First Compliant Deposit (FCD) Date
2017-06-06Usage metrics
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