Business Ethics Quarterly 1 (1):53-73 (1991)

Authors
Kenneth E. Goodpaster
University of St. Thomas, Minnesota
Abstract
Much has been written about stakeholder analysis as a process by which to introduce ethical values into management decision-making. This paper takes a critical look at the assumptions behind this idea, in an effort to understand better the meaning of ethical management decisions.A distinction is made between stakeholder analysis and stakeholder synthesis. The two most natural kinds of stakeholder synthesis are then defined and discussed: strategic and multi-fiduciary. Paradoxically, the former appears to yield business without ethics and the latter appears to yield ethics without business. The paper concludes by suggesting that a third approach to stakeholder thinking needs to be developed, one that avoids the paradox just mentioned and that clarifies for managers (and directors) the legitimate role of ethical considerations in decision-making
Keywords Applied Philosophy  Business and Professional Ethics  Social Science
Categories (categorize this paper)
ISBN(s) 1052-150X
DOI 10.2307/3857592
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 61,064
Through your library

References found in this work BETA

The View from Nowhere.Thomas Nagel - 1986 - Revue de Métaphysique et de Morale 92 (2):280-281.

Add more references

Citations of this work BETA

Business Ethics Without Stakeholders.Joseph Heath - 2006 - Business Ethics Quarterly 16 (4):533-558.

View all 165 citations / Add more citations

Similar books and articles

Analytics

Added to PP index
2011-01-09

Total views
690 ( #8,755 of 2,439,687 )

Recent downloads (6 months)
8 ( #82,623 of 2,439,687 )

How can I increase my downloads?

Downloads

My notes