An Analytical Approach to Maximizing Stakeholders’ Value in Manufacturing Firms

Abstract

Understanding how to maximize stakeholders’ value helps organizations improve the social good of society. This study empirically examined how an analytical approach can enhance stakeholders’ value maximization (economic and social values) using a structured questionnaire administered to 48 manufacturing firms in Rivers State, Nigeria. The results have correlation coefficients (r) of 0.895 and 0.776, respectively, with p< 0.05, indicating a strong and significant positive relationship exist between analytical orientation and stakeholders’ economic and social value maximization. Therefore, managers of manufacturing firms should apply analytical methodologies in their stakeholders’ value management process to support societal well-being.