How supplier diversity and enabled minority businesses create stakeholder value in underserved communities

IF 1.8 Q3 BUSINESS
Ashok Vairavan, G. Peter Zhang
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引用次数: 0

Abstract

While large purchasing organizations (LPOs) implement supplier diversity (SD) programs to support minority business enterprises (MBEs) and create value-added diverse supply chains, many SD initiatives fall short of enabling MBEs and generating the desired impact. This paper explores how supplier diversity can be transformative in helping grow and enable MBEs to create stakeholder value in underserved communities. This multi-case study takes an MBE-focused approach to examine the efficacy of SD programs, the relationship facets that underpin mutually beneficial relationships between LPOs and MBEs, and the enabled MBEs' impact on their stakeholders' economic and social well-being. We find that enabled MBEs can be change agents to revitalize underserved communities, generating ripple effects by creating jobs, improving employee well-being, and growing local businesses, helping underserved communities move closer toward economic equality and inclusion.

Abstract Image

供应商多样性和少数族裔企业如何在服务不足的社区创造利益相关者价值
虽然大型采购组织(lpo)实施供应商多样性(SD)计划来支持少数族裔企业(MBEs)并创建增值多样化的供应链,但许多SD计划未能使MBEs发挥作用并产生预期的影响。本文探讨了供应商多样性如何在帮助成长和使MBEs在服务不足的社区创造利益相关者价值方面具有变革性。本多案例研究采用以mbe为中心的方法,考察可持续发展计划的有效性、支撑lpo和mbe之间互利关系的关系方面,以及mbe对其利益相关者的经济和社会福祉的影响。我们发现,有能力的中小企业可以成为变革推动者,振兴服务不足的社区,通过创造就业机会、改善员工福利和发展当地企业产生连锁反应,帮助服务不足的社区更接近经济平等和包容。
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来源期刊
CiteScore
2.70
自引率
10.50%
发文量
42
期刊介绍: Business and Society Review addresses a wide range of ethical issues concerning the relationships between business, society, and the public good. Its contents are of vital concern to business people, academics, and others involved in the contemporary debate about the proper role of business in society. The journal publishes papers from all those working in this important area, including researchers and business professionals, members of the legal profession, government administrators and many others.
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