Journal ArticleDOI
Business Ethics and Stakeholder Analysis
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In this article, a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethical management decisions, is taken, and a distinction is made between stakeholder analysis and stakeholder synthesis.Abstract:
Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decision-making. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethical management decisions.A distinction is made between stakeholder analysis and stakeholder synthesis. The two most natural kinds of stakeholder synthesis are then defined and discussed: strategic and multi-fiduciary. Paradoxically, the former appears to yield business without ethics and the latter appears to yield ethics without business. The paper concludes by suggesting that a third approach to stakeholder thinking needs to be developed, one that avoids the paradox just mentioned and that clarifies for managers (and directors) the legitimate role of ethical considerations in decision-making.So we must think through what management should be accountable for; and how and through whom its accountability can be discharged. The stockholders’ interest, both short- and long-term, is one of the areas. But it is only one.Peter Drucker, 1988Harvard Business Reviewread more
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Journal ArticleDOI
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Thomas Donaldson,Lee E. Preston +1 more
TL;DR: In this article, the authors examine three aspects of the stakeholder theory and critique and integrate important contributions to the literature related to each, concluding that the three aspects are mutually supportive and that the normative base of the theory-which includes the modern theory of property rights-is fundamental.
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TL;DR: Mother Nature knows best--How engineered organizations of the future will resemble natural-born systems.
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Stakeholder Theory: The State of the Art
Bidhan L. Parmar,R. Edward Freeman,Jeffrey S. Harrison,Andrew C. Wicks,Lauren Purnell,Simone de Colle +5 more
TL;DR: In this paper, the major uses and adaptations of stakeholder theory across a broad array of disciplines such as business ethics, corporate strategy, finance, accounting, management, and marketing are reviewed.
Journal ArticleDOI
Stakeholder Influence Strategies
TL;DR: In this article, the authors use resource dependence theory to investigate two questions: what types of influence strategies do stakeholders have available, and what determines which type the stakeholders choose to use?
Journal ArticleDOI
Proactive environmental strategies: a stakeholder management perspective
Kristel Buysse,Alain Verbeke +1 more
TL;DR: In this article, an empirical analysis of the linkages between environmental strategy and stakeholder management is presented, showing that several simultaneous improvements in various resource domains are required for firms to shift to an empirically significant, higher level of proactiveness.
References
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The Concept of Corporate Strategy
TL;DR: The concept of corporate strategy, The concept of Corporate Strategy, Corporate Strategy as discussed by the authors, Corporate Strategy and Corporate Strategy: The concepts of corporate strategies and corporate strategy in the context of business.
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View from nowhere
TL;DR: Nagel as mentioned in this paper argues that our divided nature is the root of a whole range of philosophical problems, touching, as it does, every aspect of human life, and deals with its manifestations in such fields of philosophy as: the mind-body problem, personal identity, knowledge and skepticism, thought and reality, free will, ethics, the relation between moral and other values, the meaning of life and death.
Book
The view from nowhere
TL;DR: Nagel as mentioned in this paper argues that our divided nature is the root of a whole range of philosophical problems, touching, as it does, every aspect of human life, and deals with its manifestations in such fields of philosophy as: the mind-body problem, personal identity, knowledge and skepticism, thought and reality, free will, ethics, the relation between moral and other values, the meaning of life and death.
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The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
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