2023
DOI: 10.1017/beq.2022.29
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Toward a Theory of Marginalized Stakeholder-Centric Entrepreneurship

Abstract: The neglect of marginalized stakeholders is a colossal problem in both stakeholder and entrepreneurship streams of literature. To address this problem, we offer a theory of marginalized stakeholder-centric entrepreneurship. We conceptualize how firms can utilize marginalized stakeholder input actualization through which firms should process a variety of ideas, resources, and interactions with marginalized stakeholders and then filter, internalize, and, finally, realize important elements that improve a variety… Show more

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Cited by 11 publications
(18 citation statements)
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“…Marginalised stakeholder theory (Chowdhury et al. , 2023) is another lens that could help OSCM scholars make meaningful contributions using evidence from misinterpreted, neglected and ignored communities at all supply chain levels.…”
Section: Research Pathways: Just Transition In Complex Supply Chainsmentioning
confidence: 99%
See 1 more Smart Citation
“…Marginalised stakeholder theory (Chowdhury et al. , 2023) is another lens that could help OSCM scholars make meaningful contributions using evidence from misinterpreted, neglected and ignored communities at all supply chain levels.…”
Section: Research Pathways: Just Transition In Complex Supply Chainsmentioning
confidence: 99%
“…Marginalised stakeholder theory (Chowdhury et al, 2023) is another lens that could help OSCM scholars make meaningful contributions using evidence from misinterpreted, neglected and ignored communities at all supply chain levels. Paradox theory can also help OSCM explore the tensions and problems between short-term climate interventions and long-term societal implications and prevent unforeseen consequences.…”
Section: Pathway 2explore Alternatives To Traditional Oscm Theoriesmentioning
confidence: 99%
“…Conversely, actors that have no power, legitimacy, or urgency are perceived as "non-stakeholders" who are not engaged. Innovators might however be interested in re-assessing potential contributions from marginalized stakeholders over time, especially as a result of environmental and social shifts (e.g., Chowdhury, Sarasvathy, & Edward Freeman, 2023).…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…Normative stakeholder theory considers the interests of stakeholders and suggests that business has a moral obligation to consider and actively manage the legitimate interests of all individuals and groups of stakeholders affected by its activities, not just the interests of shareholders (Freeman et al, 2010). Furthermore, although much focus has been on managing primary salient stakeholders, Chowdhury et al (2023) argue that marginalized stakeholders, who have power or representation as the instrument of others, such as relatively powerful NGO's, are disadvantaged by being classified as secondary and instead need to be mainstreamed by business. The theory provides a foundation for understanding processes, such as accounting and reporting, that businesses perceive as being useful for engaging with salient stakeholders (Freeman, 1984;Mitchell et al, 1997).…”
Section: Sustainability Management Accountingmentioning
confidence: 99%
“…Without explicit links to broader notions of sustainability, transformation towards macro-level sustainability will not be achieved. For further consideration, Chowdhury et al (2023) theorise that businesses should include the entrepreneurial possibilities that fully engaging marginalized stakeholders might add to transformational processes.…”
Section: Sustainability Management Accountingmentioning
confidence: 99%