Stakeholder theory and managerial decision-making: Constraints and implications of balancing stakeholder interests [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 64 (3):285 - 301 (2006)
Stakeholder theory is widely recognized as a management theory, yet very little research has considered its implications for individual managerial decision-making. In the two studies reported here, we used stakeholder theory to examine managerial decisions about balancing stakeholder interests. Results of Study 1 suggest that indivisible resources and unequal levels of stakeholder saliency constrain managers’ efforts to balance stakeholder interests. Resource divisibility also influenced whether managers used a within-decision or an across-decision approach to balance stakeholder interests. In Study 2 we examined instrumental and normative implications of these two approaches. We conclude by considering the contributions of this research.
|Keywords||stakeholder management ethical decision-making balancing stakeholder interests|
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Citations of this work BETA
Min-Dong Paul Lee (2011). Configuration of External Influences: The Combined Effects of Institutions and Stakeholders on Corporate Social Responsibility Strategies. [REVIEW] Journal of Business Ethics 102 (2):281-298.
Scott J. Reynolds, Bradley P. Owens & Alex L. Rubenstein (2012). Moral Stress: Considering the Nature and Effects of Managerial Moral Uncertainty. [REVIEW] Journal of Business Ethics 106 (4):491-502.
Carmelo Cennamo, Pascual Berrone & Luis R. Gomez-Mejia (2009). Does Stakeholder Management Have a Dark Side? Journal of Business Ethics 89 (4):491 - 507.
Jose Maria Lopez-De-Pedro & Eva Rimbau-Gilabert (2012). Stakeholder Approach: What Effects Should We Take Into Account in Contemporary Societies? [REVIEW] Journal of Business Ethics 107 (2):147-158.
Maria Besiou, Mark Lee Hunter & Luk N. Van Wassenhove (2013). A Web of Watchdogs: Stakeholder Media Networks and Agenda-Setting in Response to Corporate Initiatives. Journal of Business Ethics 118 (4):709-729.
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