Innovative Stakeholder Relations: When “Ethics Pays” (and When it Doesn’t)

Business Ethics Quarterly 16 (1):43-68 (2006)
  Copy   BIBTEX

Abstract

Abstract:Business ethicists are eager to connect the ethical treatment of stakeholders with financial rewards. However, little attention has been paid to the cultural and industry context that influences how stakeholders are regarded by the firm, and how innovative strategies for engaging stakeholders can help a firm outperform its competitors. By reconnecting stakeholder theory to its roots in the field of strategy, we provide a framework for understanding the dynamic interplay between stakeholder relationships, innovation, and competitive advantage. The result is a set of testable propositions aimed at better characterizing when and how “ethics pays” (Paine 2003).

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 90,616

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Stakeholder Management Theory, Firm Strategy, and Ambidexterity.Mario Minoja - 2012 - Journal of Business Ethics 109 (1):67-82.
Institutional Entrepreneurs as Political Actors.Mika Skippari & Kalle Pajunen - 2008 - Proceedings of the International Association for Business and Society 19:410-420.
Stakeholders and the Moral Responsibilities of Business.Bruce Langtry - 1994 - Business Ethics Quarterly 4 (4):431-443.
A “Black Box” of Stakeholder Thinking.Kalle Pajunen - 2010 - Journal of Business Ethics 96 (S1):27-32.
Structure and Agency in Firm-Stakeholder Networks.Dominic Kaeslin - 2007 - Proceedings of the International Association for Business and Society 18:443-447.
Corporate and Stakeholder Responsibility.Andrew C. Wicks - 2007 - Business Ethics Quarterly 17 (3):375-398.

Analytics

Added to PP
2011-12-01

Downloads
25 (#542,984)

6 months
4 (#319,344)

Historical graph of downloads
How can I increase my downloads?

References found in this work

The Politics of Stakeholder Theory.R. Edward Freeman - 1994 - Business Ethics Quarterly 4 (4):409-421.
Social Theory and Social Structure.Lawrence Haworth - 1961 - British Journal for the Philosophy of Science 11 (44):345-346.
On Ethics and Economics.Amartya Sen - 1989 - Tijdschrift Voor Filosofie 51 (4):722-723.
Stakeholder Legitimacy.Robert Phillips - 2003 - Business Ethics Quarterly 13 (1):25-41.

View all 14 references / Add more references