Description
Business ethics is a staple in the news today. One of the most difficult ethical questions facing managers is to whom are they responsible? Organizations can affect and are affected by many different constituencies—or “stakeholders”—but who are these stakeholders? What sort of managerial attention should they receive? Is there a legal duty to attend to stakeholders or is such a duty legally prohibited due to the shareholder wealth maximization imperative? In short, for whose benefit ought a firm be managed?
Stakeholder Theory and Organizational Ethics provides the most comprehensive, theoretical treatment of the stakeholder framework to date. Robert Phillips provides an extended defense of stakeholder theory as the preeminent theory of organizational ethics today.
Chapter
Chapter 6: Stakeholder Legitimacy
Chapter 7: Stakeholder Identity
Chapter 8: Stakeholder Theory in Practice
Chapter 2 The Limits of Stakeholder Theory
What Stakeholder Theory Is
Critical Distortions: Straw-Persons and Evil Genies
Friendly Misinterpretations
Chapter 3 Why Organizational Ethics?
Why a Theory of Organizational Ethics?
Limitations of Political Theory for Organizations
Limitations of Moral Philosophy for Organizations
Toward an Ethics of Organizations
Chapter 4 Stakeholder Theory and Its Critics
Stakeholders, Agency Theory, and Fiduciary Duties
Stakeholder Theory and the Place of Fairness
Chapter 5 A Principle of Stakeholder Fairness
Fairness and Integrative Social Contracts Theory
On the Question of Justification
Discourse Ethics and the Content of Stakeholder Obligations
Stakeholder as Analytic to Business
Chapter 6 Stakeholder Legitimacy
Legitimacy in Stakeholder Theory
Legitimacy in Stakeholder Research: Normative and Derivative Perspectives
Chapter 7 Stakeholder Identity
The Natural Environment as a Stakeholder
Problems with the Natural Environment as a Stakeholder
The Natural Environment and Community Stakeholders
Social Activists as Stakeholders
Activist Groups and Civil Disobedience
Civil Disobedience and Stakeholder Theory
Chapter 8 Stakeholder Theory in Practice
Why Should Managers Pay Attention to Stakeholders?
Who Are an Organization’s Stakeholders and What Is the Basis for Their Legitimacy?
What Do Stakeholders Want?
How Should Managers Prioritize among Stakeholders?
Are the Ethics of Business Different from Everyday Ethics?
Stakeholder Best Practice
Other Challenges to Stakeholder Theory