Governing social responsibility in global supply chains: A stakeholder theory perspective
- University House (Library Meeting Room)
- Lectures Talks and Workshops, Social Sciences
Global Value Chains Research Cluster Seminar Series
Speaker: Dr Vivek Soundararajan
Recent research suggests that a main reason for the failure of the collaborative paradigm with respect to multi-stakeholder initiatives (MSIs) in global supply chains is that stakeholders are unable to determine stakeholder utility in each other, leading to failure in realising the purpose of exchange. This is especially problematic where institutional voids exist such that markets do not work efficiently, and stakeholders' preferences for types of value vary widely.
The aim of this paper is to understand this conundrum by examining stakeholder interactions through multi-stakeholder initiatives and identifying "purpose overlaps" that are important to overcoming institutional voids. Integrating stakeholder utility, institutional theories and conscious capitalism, we propose an alternative model of approaching sustainability issues in global supply chains based on value creation for stakeholders that enhances stakeholder interactions.
About the speaker:
Dr. Vivek Soundararajan is a Post-Doctoral International Fellow at Birmingham Business School (BBS). He obtained his PhD degree in July 2014 from University of London. His PhD dissertation won the 2014 Academy of Management - Social Issues in Management Division’s Best Dissertation Award. He is a Social Issues in Management scholar interested in the role that business has to play in society. He has engaged with a wide range of stakeholders, and has worked on projects related to responsible supply chains, business non-profit partnerships, global supply chain governance, multi-stakeholder initiatives and stakeholder management. His research has been published in leading research outlets. Before joining BBS, he was doing his fully funded PhD and was working as a visiting faculty at the School of Management, Royal Holloway University of London. Vivek has obtained various honours and awards for excellence in education and research.