Journal of Business Ethics 5 (2):137 - 150 (1986)

Corporate Strategy has emerged as a central metaphor for private-sector enterprise. Given inherent imperfections in markets, one important question to consider is how well the practice of Corporate Strategy contributes to social welfare. An account of the implicit morality of free markets is developed as a standard against which two particular, second best solutions to market imperfections — namely, American federal antitrust policy and Corporate Strategy — are compared. Corporate Strategy is subsequently evaluated in terms of the fundamental principles of Rawls' theory of justice. In both analyses, Corporate Strategy is found to depart significantly and systematically from the standards of social justice. An alternative principle, grounded in the concept of duty, is introduced as a means for reconceptualizing Corporate Strategy.
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DOI 10.1007/BF00382755
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References found in this work BETA

Morality and the Invisible Hand.Christopher McMahon - 1981 - Philosophy and Public Affairs 10 (3):247-277.
The Epistemology of Human Rights.Alan Gewirth - 1984 - Social Philosophy and Policy 1 (2):1.
A Theory of Reasons for Action.David A. J. Richards - 1971 - Oxford, Clarendon Press.
Personal Projects as the Foundation for Basic Rights.Loren Lomasky - 1984 - Social Philosophy and Policy 1 (2):35.
Commentary.Eric Mack - 1983 - Business and Professional Ethics Journal 2 (2):35-38.

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Citations of this work BETA

Integrating Ethics and Strategy: A Pragmatic Approach.Alan E. Singer - 2010 - Journal of Business Ethics 92 (4):479-491.
Organizational Politics and the Strategic Process.Shaker A. Zahra - 1987 - Journal of Business Ethics 6 (7):579 - 587.
Corporate Conscience and Foreign Divestment Decisions.A. E. Singer & N. T. Walt - 1987 - Journal of Business Ethics 6 (7):543 - 552.

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