Journal of Business Ethics 74 (4):315-327 (2007)
Abstract |
The purpose of this article is to transcend the assumption that stakeholder engagement is necessarily a responsible practice. Stakeholder engagement is traditionally seen as corporate responsibility in action. Indeed, in some literatures there exists an assumption that the more an organisation engages with its stakeholders, the more it is responsible. This simple 'more is better' view of stakeholder engagement belies the true complexity of the relationship between engagement and corporate responsibility. Stakeholder engagement may be understood in a variety of different ways and from a variety of different theoretical perspectives. Stakeholder engagement may or may not involve a moral dimension and, hence, is primarily a morally neutral practice. It is therefore argued that stakeholder engagement must be seen as separate from, but related to, corporate responsibility. A model that reflects the multifaceted relationship between the two constructs is proposed. This model not only allows the coincidence of stakeholder engagement with corporate responsibility, but also allows for the development of the notion of corporate irresponsibility
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Keywords | corporate irresponsibility corporate responsibility human resource management social reporting stakeholder engagement stakeholder theory |
Categories | (categorize this paper) |
DOI | 10.1007/s10551-007-9509-y |
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References found in this work BETA
Value Maximization, Stakeholder Theory, and the Corporate Objective Function.Michael C. Jensen - 2002 - Business Ethics Quarterly 12 (2):235-256.
Stakeholder Theory and A Principle of Fairness.Robert A. Phillips - 1997 - Business Ethics Quarterly 7 (1):51-66.
A Feminist Reinterpretation of The Stakeholder Concept.R. Edward Freeman - 1994 - Business Ethics Quarterly 4 (4):475-497.
The Moral Basis of Stakeholder Theory.Kevin Gibson - 2000 - Journal of Business Ethics 26 (3):245 - 257.
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Citations of this work BETA
Managing Algorithmic Accountability: Balancing Reputational Concerns, Engagement Strategies, and the Potential of Rational Discourse.Alexander Buhmann, Johannes Paßmann & Christian Fieseler - 2020 - Journal of Business Ethics 163 (2):265-280.
Stakeholders Matter: How Social Enterprises Address Mission Drift.Tommaso Ramus & Antonino Vaccaro - 2017 - Journal of Business Ethics 143 (2):307-322.
Agonistic Pluralism and Stakeholder Engagement.Cedric Dawkins - 2015 - Business Ethics Quarterly 25 (1):1-28.
Stakeholder Engagement for Responsible Innovation in the Private Sector: Critical Issues and Management Practices.Vincent Blok, L. Hoffmans & E. Wubben - 2015 - Journal of Chain and Network Science 2 (15):147-164.
Exploring Employee Engagement with Social Responsibility: A Social Exchange Perspective on Organisational Participation.R. E. Slack, S. Corlett & R. Morris - 2015 - Journal of Business Ethics 127 (3):537-548.
View all 56 citations / Add more citations
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