David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Business Ethics Quarterly 15 (1):93-111 (2005)
This paper contends that rationality is more properly evaluated as a property of an organization’s relationships with its stakeholders than of the organization itself. We predicate our approach on the observation that stakeholders can hold goals quite distinct from those of owners and top managers, and these too can be rationally pursued. We build upon stakeholder theory and Weber’s classic distinction between wertrationalitat and zweckrationalitat, adding to them the “new institutionalist” concept of the organization field . Stakeholders employ a variety of direct and indirect mechanisms to rationalize relations with the firm. We discuss four: internal subunits, legislated stakeholder participation, legislated access to information, and direct stakeholder activism. Thesedevelopments are blurring the distinction between the environment and the organization by importing the values and goals of external stakeholders into the internal organization. They are also precipitating a more structured set of relationships among the actors who comprise the field. To the extent that the zweckrationalitat values of managers and owners as well as the wertrationalitat concerns of stakeholders are met, the firm is more rational
|Keywords||No keywords specified (fix it)|
|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
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Michelle Greenwood & I. I. I. Buren (2010). Trust and Stakeholder Theory: Trustworthiness in the Organisation–Stakeholder Relationship. [REVIEW] Journal of Business Ethics 95 (3):425-438.
Robert A. Phillips & Joel Reichart (2000). The Environment as a Stakeholder? A Fairness-Based Approach. Journal of Business Ethics 23 (2):185 - 197.
Brian Harvey & Anja Schaefer (2001). Managing Relationships with Environmental Stakeholders: A Study of U.K. Water and Electricity Utilities. [REVIEW] Journal of Business Ethics 30 (3):243 - 260.
Peter Snyder, Molly Hall, Joline Robertson, Tomasz Jasinski & Janice S. Miller (2006). Ethical Rationality: A Strategic Approach to Organizational Crisis. [REVIEW] Journal of Business Ethics 63 (4):371 - 383.
Carine Girard & André Sobczak (2012). Towards a Model of Corporate and Social Stakeholder Engagement: Analyzing the Relations Between a French Mutual Bank and Its Members. [REVIEW] Journal of Business Ethics 107 (2):215-225.
Michael C. Jensen (2002). Value Maximization, Stakeholder Theory, and the Corporate Objective Function. Business Ethics Quarterly 12 (2):235-256.
Sara A. Morris (1997). Internal Effects of Stakeholder Management Devices. Journal of Business Ethics 16 (4):413-424.
Troy R. Harting, Susan S. Harmeling & S. Venkataraman (2006). Innovative Stakeholder Relations. Business Ethics Quarterly 16 (1):43-68.
Esben Rahbek Gjerdrum Pedersen (2011). All Animals Are Equal, but …: Management Perceptions of Stakeholder Relationships and Societal Responsibilities in Multinational Corporations. Business Ethics 20 (2):177-191.
Humphry Hung (2011). Directors' Roles in Corporate Social Responsibility: A Stakeholder Perspective. [REVIEW] Journal of Business Ethics 103 (3):385-402.
M. Joseph Sirgy (2002). Measuring Corporate Performance by Building on the Stakeholders Model of Business Ethics. Journal of Business Ethics 35 (3):143 - 162.
Marc Lampe (2001). Mediation as an Ethical Adjunct of Stakeholder Theory. Journal of Business Ethics 31 (2):165 - 173.
Mario Minoja (2012). Stakeholder Management Theory, Firm Strategy, and Ambidexterity. Journal of Business Ethics 109 (1):67-82.
Robert Phillips (2003). Stakeholder Legitimacy. Business Ethics Quarterly 13 (1):25-41.
Benjamin A. Neville & Bulent Menguc (2006). Stakeholder Multiplicity: Toward an Understanding of the Interactions Between Stakeholders. [REVIEW] Journal of Business Ethics 66 (4):377 - 391.
Added to index2011-01-09
Total downloads7 ( #304,000 of 1,726,151 )
Recent downloads (6 months)6 ( #118,705 of 1,726,151 )
How can I increase my downloads?