David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 84 (1):113 - 135 (2009)
The popularity of the stakeholder model has been achieved thanks to its powerful visual scheme and its very simplicity. Stakeholder management has become an important tool to transfer ethics to management practice and strategy. Nevertheless, legitimate criticism continues to insist on clarification and emphasises on the perfectible nature of the model. Here, rather than building on the discussion from a philosophical or theoretical point of view, a different and innovative approach has been chosen: the analysis will return to the origin of stakeholder theory and will keep the graphical framework firmly in perspective. It will confront the stakeholder model’s graphical representation to the discussion on stakeholder definition, stakeholder identification and categorisation, to re-centre the debate to the strategic origin of the stakeholder model. The ambiguity and the vagueness of the stakeholder concept are discussed from managerial and legal approaches. The impacts of two major shortcomings of the popular stakeholder framework are examined: the boundaries and the level of the firm’s environment, and the ambivalent position of pressure groups and regulators. Working pragmatically, with a focus on the managerial and organisational perspective, an attempt is made to clarify the categorisations and classifications by introducing new terminology with a distinction between stakeholders, stakewatchers and stakekeepers. The analysis will finally lead to a proposed upgraded and refined version of the stakeholder model, with incremental ameliorations close to Freeman’s original model and a return of focus to its essence, the managerial implications in a strategic approach.
|Keywords||stakeholder stakewatcher stakekeeper stakeholder model stakeholder theory strategy graphical framework Freeman’s model pressure groups business ethics|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
Antonio Argandoña (1998). The Stakeholder Theory and the Common Good. Journal of Business Ethics 17 (9-10):1093-1102.
John R. Boatright (1994). Fiduciary Duties and the Shareholder-Management Relation. Business Ethics Quarterly 4 (4):393-407.
Norman E. Bowie (1999). Business Ethics: A Kantian Perspective. Blackwell Publishers.
Thomas Donaldson (2002). The Stakeholder Revolution and the Clarkson Principles. Business Ethics Quarterly 12 (2):107-112.
R. Edward Freeman (2000). Business Ethics at the Millennium. Business Ethics Quarterly 10 (1):169-180.
Citations of this work BETA
Christopher J. Robertson, Anna Lamin & Grigorios Livanis (2010). Stakeholder Perceptions of Offshoring and Outsourcing: The Role of Embedded Issues. [REVIEW] Journal of Business Ethics 95 (2):167 - 189.
Mao He & Juan Chen (2009). Sustainable Development and Corporate Environmental Responsibility: Evidence From Chinese Corporations. [REVIEW] Journal of Agricultural and Environmental Ethics 22 (4):323-339.
Samantha Miles (2012). Stakeholder: Essentially Contested or Just Confused? [REVIEW] Journal of Business Ethics 108 (3):285-298.
Onyeka Osuji (2011). Fluidity of Regulation-CSR Nexus: The Multinational Corporate Corruption Example. [REVIEW] Journal of Business Ethics 103 (1):31-57.
Yves Fassin (2012). Stakeholder Management, Reciprocity and Stakeholder Responsibility. Journal of Business Ethics 109 (1):83-96.
Similar books and articles
Scott J. Reynolds, Frank C. Schultz & David R. Hekman (2006). Stakeholder Theory and Managerial Decision-Making: Constraints and Implications of Balancing Stakeholder Interests. [REVIEW] Journal of Business Ethics 64 (3):285 - 301.
Mark S. Schwartz (2006). God as a Managerial Stakeholder? Journal of Business Ethics 66 (2/3):291 - 306.
Adele Santana (2012). Three Elements of Stakeholder Legitimacy. Journal of Business Ethics 105 (2):257-265.
Robert A. Phillips & Joel Reichart (2000). The Environment as a Stakeholder? A Fairness-Based Approach. Journal of Business Ethics 23 (2):185 - 197.
Julia Roloff (2008). Learning From Multi-Stakeholder Networks: Issue-Focussed Stakeholder Management. [REVIEW] Journal of Business Ethics 82 (1):233 - 250.
Mark Starik (1995). Should Trees Have Managerial Standing? Toward Stakeholder Status for Non-Human Nature. Journal of Business Ethics 14 (3):207 - 217.
Cathy Driscoll & Mark Starik (2004). The Primordial Stakeholder: Advancing the Conceptual Consideration of Stakeholder Status for the Natural Environment. [REVIEW] Journal of Business Ethics 49 (1):55-73.
Matias Laine (2010). The Nature of Nature as a Stakeholder. Journal of Business Ethics 96 (S1):73-78.
Yves Fassin (2010). A Dynamic Perspective in Freeman's Stakeholder Model. Journal of Business Ethics 96 (S1):39-49.
Yves Fassin (2008). Imperfections and Shortcomings of the Stakeholder Model's Graphical Representation. Journal of Business Ethics 80 (4):879 - 888.
Added to index2009-01-28
Total downloads115 ( #14,524 of 1,699,804 )
Recent downloads (6 months)24 ( #29,086 of 1,699,804 )
How can I increase my downloads?