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Since publication of Adam Smith’s Wealth of Nations (1776), modern business has been structured on one objective alone: to increase profit for its shareholders. This shareholder model is recognised in the development of a range of strategic management practices and models, such as Norton and Kaplan’s strategy maps. Equivalent models can be adopted for non-profit organisations and research infrastructures, where profit for shareholders is measured rather in terms of a value proposition being delivered to its shareholders.

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Social License to Operate—A Critical Success Factor in Realising Impact from Research Infrastructure

  • 章节

  • 出版模式：

    开放获取

  • 发表日期：

    2025年

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  • Adrian J. Tiplady

摘要

Since publication of Adam Smith’s Wealth of Nations (1776), modern business has been structured on one objective alone: to increase profit for its shareholders. This shareholder model is recognised in the development of a range of strategic management practices and models, such as Norton and Kaplan’s strategy maps. Equivalent models can be adopted for non-profit organisations and research infrastructures, where profit for shareholders is measured rather in terms of a value proposition being delivered to its shareholders.