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Preferences, Structure, And Influence: The Engineering Of Consent, Witold J. Henisz Nov 2013

Preferences, Structure, And Influence: The Engineering Of Consent, Witold J. Henisz

Management Papers

I present a decision process framework that informs the design and implementation of stakeholder influence strategy. This process combines insights from agentā€based dynamic utility and dynamic network processes. Stakeholders strategically seek an outcome as close as possible to their preferred point but also wish to be on the winning side and not to pursue positions divergent from stakeholders with whom they have strong affective ties. Simulation analysis highlights important effects from embedding stakeholders within such an interdependent policymaking network. The resulting decision process framework can be used by firms to assess the likely dynamics within such a stakeholder network ...