Business Ethics Quarterly 1 (1):53-73 (1991)
AbstractMuch 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
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Citations of this work
Personal Values as A Catalyst for Corporate Social Entrepreneurship.Christine A. Hemingway - 2005 - Journal of Business Ethics 60 (3):233-249.
Business Ethics Without Stakeholders.Joseph Heath - 2006 - Business Ethics Quarterly 16 (4):533-558.
Balancing Ethical Responsibility Among Multiple Organizational Stakeholders: The Islamic Perspective.Rafik I. Beekun & Jamal A. Badawi - 2005 - Journal of Business Ethics 60 (2):131-145.
Integrative Social Contracts Theory: Thomas Donaldson & Thomas W. Dunfee.Thomas Donaldson - 1995 - Economics and Philosophy 11 (1):85-112.
Corporate Social Responsibility and Organizational Psychology: An Integrative Review.Ante Glavas - 2016 - Frontiers in Psychology 7.
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