Samenvatting
Summary Week 1-3, GSOC, articles and lectures. Everything you need to know
- Instelling
- Vrije Universiteit Amsterdam (VU)
Articles and lectures of GSOC until week 3
[Meer zien]Voorbeeld 1 van de 1 pagina's
Voorbeeld 1 van de 1 pagina's
In winkelwagengesponsord bericht van onze partner
Verkoper
Volgen
Voorbeeld van de inhoud
Central argument: The primary payoff to the firm for incurring these costs associated with the threedimensions of justice is that it enjoys relationships with stakeholders who positively reciprocate, and
that the cooperation of such stakeholders collectively generates rents.
- A company can create value by sharing it with stakeholders. Of course, the amount of value a
firm can create in this way is subject to decreasing marginal returns. That is, firms can
allocate too many resources to stakeholders. In an efficient market, firms create rent by trying
to maximise their utility while conforming to the norms and values of society.
Conclusion
Rather than being purely self-interested, people behave reciprocally, rewarding others whose actions
they perceive as fair, and willingly incurring (increasing) costs to punish those they perceive as unfair.
Economists show that employers who are perceived as distributively fair by their employees generate
comparatively more value through the positive reciprocal behaviour of those employees. The
literature on organisational fairness distinguishes two additional types of fairness judged by
employees. Drawing on both bodies of work, we use stakeholder theory to propose how perceptions
of fairness lead to reciprocity that (1) extends to all stakeholders of the firm and (2) affects firm
performance. Specifically, we discuss how stakeholders' perceptions of a firm's distributive,
procedural, and interactional justice affect their behavior towards the firm.
Based on the assumption of reciprocity, firms should distribute (surplus) value in the form of material
resources, procedural justice and/or interactional justice to a broad group of stakeholders in order to
create value. In distributing this value, the firm creates a pattern of positive reciprocity among its
stakeholders that supports the creation of additional rent.
Week 4
Lecture 6
The pyramid principle
Minto, B. (1998). Think your way to clear writing. Consulting to Management, 10 (1), 33
SCQA: Situation (what we all know), Complication (why do we pay attention to it), Question (which
question should therefore be answered), Answer
Ensure that your pyramid is Mutually Exclusive and Collectively Exhaustive (MECE)
Mutually Exclusive; means that all items in each category belong only to that category.
Collectively Exhaustive: means that all the possibilities have been covered.
Ensure that each category of your pyramid doesn’t contain too many subcategories
- Ensure a vertical logic by answering the questions why and how
2 types of logic:
The concept of deduction = a coherent and logic way of reasoning which automatically leads to a
conclusion. → lean on previous findings.
The concept of induction = a chain of non-related statements which make it possible to draw a
certain conclusion
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper frederikesmits. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €3,59. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 55628 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen