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Erratum to: Scandinavian Cooperative Advantage: The Theory and Practice of Stakeholder Engagement in Scandinavia

DOI:10.1007/s10551-013-1792-1
Authors:
Robert Strand at Copenhagen Business School
Robert Strand
R. Edward Freeman at University of Virginia
R. Edward Freeman
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Abstract

In this article, we first provide evidence that Scandinavian contributions to stakeholder theory over the past 50 years play a much larger role in its development than is presently acknowledged. These contributions include the first publication and description of the term “stakeholder”, the first stakeholder map, and the development of three fundamental tenets of stakeholder theory: jointness of interests, cooperative strategic posture, and rejection of a narrowly economic view of the firm. We then explore the current practices of Scandinavian companies through which we identify the evidence of relationships to these historical contributions. Thus, we propose that Scandinavia offers a particularly promising context from which to draw inspiration regarding effective company-stakeholder cooperation and where ample of examples of what is more recently referred to as “creating shared value” can be found. We conclude by endorsing the expression “Scandinavian cooperative advantage” in an effort to draw attention to the Scandinavian context and encourage the field of strategic management to shift its focus from achieving a competitive advantage toward achieving a cooperative advantage.
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ERRATUM
Erratum to: Scandinavian Cooperative Advantage: The Theory
and Practice of Stakeholder Engagement in Scandinavia
Robert Strand •R. Edward Freeman
Published online: 9 November 2013
ÓSpringer Science+Business Media Dordrecht 2013
Erratum to: J Bus Ethics
DOI 10.1007/s10551-013-1792-1
During the publishing process of this article two important
references were omitted. Here we correct the missing
citations within the body of the text and offer the full
references thereafter.
‘xxxx’ was incorrectly listed as a citation where this
should have instead read ‘Mackey and Sisodia 2013.’ The
corresponding corrected sentence reads as follows: ‘‘It
would seem that Scandinavian stakeholder capitalism is a
closer model to ‘conscious capitalism’ (Mackey and Siso-
dia 2013) than is experienced elsewhere, such as the U.S.’’
The sentence with reference to Lakoff and Johnson
(1980) was also incorrectly omitted. The corrected passage
reads as follows: ‘‘We thus encourage a concerted move
toward a focus on achieving a cooperative advantage and a
corresponding use of more cooperation-based language and
metaphors in the strategic management field. See Lakoff
and Johnson (1980) for discussion regarding how the lan-
guage and metaphors we use shape our perceptions of
reality and subsequent actions.’’
References
Lakoff, G., & Johnson, M. (1980). Metaphors we live by. Chicago:
University of Chicago Press.
Mackey, J., & Sisodia, R. (2013). Conscious capitalism: Liberating
the heroic spirit of business. Cambridge, MA: Harvard Business
Press.
The online version of the original article can be found under
doi:10.1007/s10551-013-1792-1.
R. Strand (&)
Copenhagen Business School, Porcelænshaven 18A,
Ground Floor, 2000 Frederiksberg, Denmark
e-mail: rs.ikl@cbs.dk
R. E. Freeman
University of Virginia Darden School of Business, 100 Darden
Boulevard, Office: FOB 164, Charlottesville, VA 22903, USA
e-mail: freemane@darden.virginia.edu
123
J Bus Ethics (2015) 127:87
DOI 10.1007/s10551-013-1953-2
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