This paper addresses the conflicting environmental interests of a firm and the community, an important stakeholder. The short-term profit maximization objective of a firm may stand in contrast with what the community wants – a "safe and clean environment". This paper argues that the information regarding the environmental impact of a firm's products, processes, and waste may be asymmetrically distributed between the firm and the community. The resultant information asymmetry may influence the probability of a firm acting opportunistically, and ultimately, (...) a firm's ethical behavior. The paper identifies information asymmetry between a firm and community, as well as that within the community. The perceived information asymmetry across various community segments may perhaps be a determinant of environmental discrimination. The paper further contends that information asymmetry may diminish in the long run. Finally it examines the implications of information asymmetry for firms and government policy. (shrink)

This paper addresses the conflicting environmental interests of a firm and the community, an important stakeholder. The short-term profit maximization objective of a firm may stand in contrast with what the community wants – a "safe and clean environment". This paper argues that the information regarding the environmental impact of a firm's products, processes, and waste may be asymmetrically distributed between the firm and the community. The resultant information asymmetry may influence the probability of a firm acting opportunistically, and ultimately, (...) a firm's ethical behavior. The paper identifies information asymmetry between a firm and community, as well as that within the community. The perceived information asymmetry across various community segments may perhaps be a determinant of environmental discrimination. The paper further contends that information asymmetry may diminish in the long run. Finally it examines the implications of information asymmetry for firms and government policy. (shrink)

The article focuses on the ‘meaningfulness in work’ concept and addresses three theoretical gaps by investigating ‘meaningfulness in work’ from the perspective of Heidegger’s ‘authenticity’ and ‘Dasein’ constructs as well as virtue ethics. First, it adapts Heideggerian phenomenology and argues that meaningfulness in work may be revealed to an ‘authentic’ employee, while they performs everyday activities by ‘existing’ in their world and discovers their Dasein. Second, it emphasizes the normative, as opposed to instrumental implications of meaningfulness and invokes virtue ethics (...) towards this end. Third, it integrates the Heideggerian approach with virtue ethics to describe how an ‘authentic’ and ‘virtuous’ employee may achieve meaningfulness in work (conceptualized as ‘eudaimonia’). An ‘authentic virtuous employee’ ‘exists in their world’ and discovers what is truly meaningful in work to them. They also displays temperance and courage in terms of closing the gaps between current and desired levels of meaningfulness in work, and continually contemplates it. We describe a ‘professional’ as an example of an ‘authentic virtuous employee’. (shrink)

A firm’s enterprise strategy denotes what a firm stands for. Despite its importance, there has been little research on this topic. Furthermore, the theoretical bases underlying the existing approaches to enterprise strategy suffer from several limitations. In view of these shortcomings, this paper invokes Amartya Sen’s Capabilities Approach (SCA) and its notion of “justice as freedom” as a normative foundation of enterprise strategy. Toward this end, it integrates different streams in the stakeholder theory/business ethics and economics literature. It focuses on (...) the stakeholder capability of “having a voice,” and the managerial capability of “using the knowledge to provide stakeholders a voice and freedom.”. (shrink)

A firm’s enterprise strategy denotes what a firm stands for. Despite its importance, there has been little research on this topic. Furthermore, the theoretical bases underlying the existing approaches to enterprise strategy suffer from several limitations. In view of these shortcomings, this paper invokes Amartya Sen’s Capabilities Approach (SCA) and its notion of “justice as freedom” as a normative foundation of enterprise strategy. Toward this end, it integrates different streams in the stakeholder theory/business ethics and economics literature. It focuses on (...) the stakeholder capability of “having a voice,” and the managerial capability of “using the knowledge to provide stakeholders a voice and freedom.”. (shrink)