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Stakeholder engagement

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Abstract

Stakeholder engagement is crucial for innovation management as innovations, particularly sustainable innovations, take place in interaction with various stakeholders. It enables the development of complementary capacities and new combinations of resources and thus creates multiple benefits for the focal organization, for the stakeholders involved in the innovation process, and for society at large. This entry is based on a literature review targeting leading academic journals in the business and society, management and strategy, and environmental management and environmental policy fields. The review serves as a basis for the conceptual overview of stakeholder engagement and its relevance for innovation management, particularly from the perspective of sustainable innovations. Further, this entry provides an analytical framework for engaging stakeholders in the innovation process, together with practical applications from two European industrial firms.
Original languageEnglish
Title of host publicationElgar Encyclopedia of Innovation Management
EditorsPäivi Eriksson, Tero Montonen, Pikka-Maaria Laine, Anna Hannula
PublisherEdward Elgar
Chapter71
Pages271-275
Number of pages5
ISBN (Electronic)9781035306459
ISBN (Print)9781035306442
DOIs
Publication statusPublished - May 2025
Publication typeA3 Book chapter

Publication series

NameElgar Encyclopedias in Business and Management

Publication forum classification

  • Publication forum level 2

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