Major projects are confronted with collective action problems, leading to negotiations and renegotiations of the project’s value by multiple stakeholders with differing expectations. While pioneering stakeholder theory sheds much light on these problems, newer stakeholder theory offers newer insights in terms of the role of stakeholder engagement in value creation and distribution. This microconference, organized by the editors of the major project management journals and hosted by Prof. Lavagnon Ika, Associate Editor at the International Journal of Project Management and Founding Director of the Major Projects Observatory, asks: When new stakeholder theory meets project management, what can we learn?
Through an interview, Prof. Anita McGahan (Rotman School of Management, University of Toronto) and Nuno Gil (Alliance Manchester Business School) explore this question fraught with puzzles for project scholarship in years to come.
About the Speakers
Prof. Anita McGahan
Anita is University Professor and George E. Connell Chair in Organizations and Society at the University of Toronto. Her primary appointments are at the Rotman School of Management and the Munk School of Global Affairs and Public Policy. She is cross appointed to the Medical School and the Dalla Lana School of Public Health; is Senior Associate at the Institute for Strategy and Competitiveness at Harvard University; is the Chief Economist in the Division of Global Health Innovation at the Massachusetts General Hospital; and is a past President of the Academy of Management. She holds a PhD in economics from Harvard, an MBA from the Harvard Business School and a BA from Northwestern University. McGahan’s credits include four books and over 150 articles, case studies, notes and other published material on competitive advantage, industry evolution, and global health. Her current research emphasizes entrepreneurship in the public interest and innovative collaboration between public and private organizations. In 2010, she was awarded the Academy of Management BPS Division’s Irwin Distinguished Educator Award. In 2012, the Academy conferred on McGahan its Career Distinguished Educator Award for her championship of reform in the core curriculum of Business Schools. In 2018, McGahan was awarded both the Inaugural Educational Impact Award and the Dan and Mary Lou Schendel Best Paper Prize from the Strategic Management Society. In 2012 she was elected a Fellow of the Strategic Management Society, and in 2015 she was elected a Fellow of the Academy of Management.
Prof. Nuno Gil
Nuno Gil is Professor of New Infrastructure Development at the Alliance Manchester Business School. Nuno’s research has been predominantly informed by studying new infrastructure development projects so-called 'megaprojects'. With his PhD students and collaborators, Nuno has developed theory, conceptual frameworks and methods for communicating how to design and manage these capital-intensive project-based enterprises. His research has investigated development processes, product and organizational architectures, and contracting and procurement strategies. More recently, Nuno has started to study the role of organizational design in tackling today’s deepest societal challenges including climate change, social inequality, and the development of the Global South. Nuno was the lead editor of Duality by Design: The Global Race to Build Africa's Infrastructure (Cambridge Press, 2019); and is currently authoring a book for MIT Press, Megaprojects and Society: A Theory of Purpose, Value Creation and Value Distribution.