The stakeholder theory and the common good

Journal of Business Ethics 17 (9-10):1093-1102 (1998)
  Copy   BIBTEX

Abstract

The theory of the social responsibility of the firm oscillates between two extremes: one that reduces the firm's responsibility to the obtainment of (the greatest possible) profit for its shareholders, and another that extends the firm's responsibility to include a wide range of actors with an interest or "stake" in the firm. The stakeholder theory of the social responsibility of business is more appealing from an ethical point of view, and yet it lacks a solid foundation that would be acceptable to a variety of schools of thought.In this paper I argue that the stakeholder theory could be founded on the concept of the common good. First, I explain the foundations of the theory of the common good, the concept itself, how it relates to the individual good, and its role in the firm. Following that, I explain how the theory of the common good could be applied to the stakeholder theory. Finally, I draw some conclusions

Links

PhilArchive



    Upload a copy of this work     Papers currently archived: 74,174

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

Stakeholders and the Moral Responsibilities of Business.Bruce Langtry - 1994 - Business Ethics Quarterly 4 (4):431-443.
Business Ethics and the Management of Non-Profit Institutions.Luk Bouckaert & Jan Vandenhove - 1998 - Journal of Business Ethics 17 (9-10):1073-1081.
A Map Leading to Less Waste: Stakeholder Salience and Plastic Waste.David Saiia & Vananh Le - 2009 - Proceedings of the International Association for Business and Society 20:302-313.
The Ethical and Environmental Limits of Stakeholder Theory.Alan Strudler - 2002 - Business Ethics Quarterly 12 (2):215-233.

Analytics

Added to PP
2009-01-28

Downloads
182 (#68,229)

6 months
3 (#208,647)

Historical graph of downloads
How can I increase my downloads?

References found in this work

Business Ethics and Stakeholder Analysis.Kenneth E. Goodpaster - 1991 - Business Ethics Quarterly 1 (1):53-73.
Stakeholder Theory and A Principle of Fairness.Robert A. Phillips - 1997 - Business Ethics Quarterly 7 (1):51-66.
The Person and the Common Good. [REVIEW]H. W. S. & Jacques Maritain - 1948 - Journal of Philosophy 45 (21):583.
Fundamentals of Ethics. [REVIEW]John Finnis - 1985 - Grazer Philosophische Studien 23:164-168.

View all 10 references / Add more references