In the face of intractable societal grand challenges, organizations increasingly resort to responsible innovation – that is, they pledge to create value for multiple stakeholders through developing new products or services that avoid doing harm and improve conditions for people and the planet. While the link between responsible innovation and societal improvements has been established, organizations pursuing responsible innovation lack governance mechanisms to guide the allocation of the value created – both economic and social – among heterogeneous stakeholders, in line with their responsible intent. We combine the value-based strategy and stakeholder perspectives and infuse a deliberative process to design a three-stage model of value allocation that rests on three key organizational decisions: i) what value to create and for whom, ii) how to appropriate the value created vis-à-vis unintended value appropriators, and iii) how to distribute the value appropriated among intended stakeholders. We propose a framework of stakeholder governance comprised of four novel mechanisms by which organizations can allocate value among their multiple principal stakeholders as part of participative processes. Our study contributes to responsible innovation and corporate governance research by unpacking how new value is managed to solve societal grand challenges.

中文翻译：

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负责任创新的利益相关者治理：价值创造、占有和分配的理论

面对棘手的社会重大挑战，组织越来越多地诉诸于负责任的创新——也就是说，他们承诺通过开发新产品或服务来避免对人类和地球造成伤害并改善环境，为多个利益相关者创造价值。虽然负责任的创新和社会进步之间的联系已经建立，但追求负责任创新的组织缺乏治理机制来指导所创造的价值——经济和社会——在不同的利益相关者之间根据其负责任的意图进行分配。我们结合基于价值的战略和利益相关者的观点，并注入一个审议过程来设计价值分配的三阶段模型，该模型依赖于三个关键的组织决策：i）什么价值为谁创造以及为谁创造，ii)如何针对非预期的价值占有者分配创造的价值，以及 iii)如何在预期的利益相关者之间分配分配的价值。我们提出了一个由四种新机制组成的利益相关者治理框架，组织可以通过这些机制在其多个主要利益相关者之间分配价值，作为参与过程的一部分。我们的研究通过解开如何管理新价值来解决社会重大挑战，为负责任的创新和公司治理研究做出贡献。