Stakeholder Theory: Essential Readings in Ethical Leadership and Management

Overview

Stakeholder theory is presently the dominant framework for analyzing ethical issues within the field of business ethics. The theory goes beyond the conventional idea that stockholders are the main group to whom corporate managers owe responsibility by arguing that all groups having a stake in a firm—suppliers, customers, employees, the local community, and others—should be considered by managers in decision-making.
Despite the growth and widespread appeal of stakeholder theory ...

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Overview

Stakeholder theory is presently the dominant framework for analyzing ethical issues within the field of business ethics. The theory goes beyond the conventional idea that stockholders are the main group to whom corporate managers owe responsibility by arguing that all groups having a stake in a firm—suppliers, customers, employees, the local community, and others—should be considered by managers in decision-making.
Despite the growth and widespread appeal of stakeholder theory within business ethics and related fields, up till now there has been no reader that presents scholars and students interested in the theory with a resource covering the major developments and debates surrounding the theory. This anthology contains the most important, influential, and innovative work written on stakeholder theory over the course of the last twenty years. It provides those working in areas of business, professional, and applied ethics with a unique resource for research and teaching.
The scope of the anthology covers the historical origins of stakeholder theory, its normative foundations, debates concerning its adequacy as an ethical theory, issues involving stakeholder identity and legitimacy, applications of stakeholder theory within organizational management, and extensions of stakeholder theory to specific corporate domains and industries. Also included is a comprehensive bibliography for further reading.
Including essential articles on stakeholder theory from the most prominent authors in the field, this valuable collection will serve as the standard reference source for research into stakeholder theory for years to come.

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Product Details

  • ISBN-13: 9781591025269
  • Publisher: Prometheus Books
  • Publication date: 6/28/2008
  • Pages: 320
  • Product dimensions: 6.00 (w) x 8.90 (h) x 0.70 (d)

Meet the Author

Abe J. Zakhem (South Orange, NJ) is assistant professor of philosophy at Seton Hall University. Formerly, he was the chief operating officer for Barden Entertainment.
Daniel E. Palmer (Warren, OH) is associate professor of philosophy at Kent State University, Trumbull Campus.
Mary Lyn Stoll (Evansville, IN) is assistant professor of philosophy at the University of Southern Indiana.

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Table of Contents

Pt. I The origins of stakeholder theory 23

1 Management's responsibility in a complex world Frank W. Abrams Abrams, Frank W. 26

2 Our changing concept of the corporation Russell L. Ackoff Ackoff, Russell L. 32

3 Strategic management in a kibitzer's world William R. dill dill, William R. 40

4 Stockholders and stakeholders : a new perspective on corporate governance R. Edward Freeman Freeman, R. Edward David L. Reed Reed, David L. 48

Pt. 2 Normative foundations 59

5 The stakeholder theory of the corporation : concepts, evidence, and implications Thomas Donaldson Donaldson, Thomas Lee E. Preston Preston, Lee E. 62

6 Managing for stakeholders R. Edward Freeman Freeman, R. Edward 71

7 Stakeholder theory and a principle of fairness Robert A. Phillips Phillips, Robert A. 89

8 Feminist ethics as a moral grounding for stakeholder theory Brian K. Burton Burton, Brian K. Craig P. Dunn Dunn, Craig P. 96

Pt. 3 Normative controversies 111

9 The normative theories of business ethics : a guide for the perplexed John Hasnas Hasnas, John 115

10 A fiduciary argument against stakeholder theory Alexei M. Marcoux Marcoux, Alexei M. 124

11 Upping the stakes : a response to John Hasnas on the normative viability of the stockholder and stakeholder theories Daniel E. Palmer Palmer, Daniel E. 134

12 Getting real : stakeholder theory, managerial practice, and the general irrelevance of fiduciary duties owed to shareholders Richard Marens Marens, Richard Andrew Wicks Wicks, Andrew 141

13 What stakeholder theory is not Robert Phillips Phillips, Robert R. Edward Freeman Freeman, R. Edward Andrew Wicks Wicks, Andrew 151

Pt. 4 Stakeholder identity 163

14 Toward atheory of stakeholder identification and salience : defining the principle of who and what really counts Ronald K. Mitchell Mitchell, Ronald K. Bradley R. Agle Agle, Bradley R. Donna J. Wood Wood, Donna J. 166

15 Corporate social responsibility and the identification of stakeholders Janita F. J. Vos Vos, Janita F. J. 179

16 Morality and strategy in stakeholder identification John Kaler Kaler, John 191

17 The primordial stakeholder : advancing the conceptual consideration of stakeholder status for the natural environment Cathy Driscoll Driscoll, Cathy Mark Starik Starik, Mark 202

Pt. 5 Applications 1 : stakeholder theory at work in the corporate domain 219

18 Gaining goodwill : developing stakeholder approaches to corporate governance David Wheeler Wheeler, David Rachel Davies Davies, Rachel 222

19 A stakeholder model for implementing social responsibility in marketing Isabelle Maignan Maignan, Isabelle O. C. Ferrell Ferrell, O. C. Linda Ferrell Ferrell, Linda 235

20 Corporate social responsibility communication : stakeholder information, response, and involvement strategies Mette Morsing Morsing, Mette Majken Schultz Schultz, Majken 247

21 The body shop values report - towards integrated stakeholder auditing Maria Sillanpaa Sillanpaa, Maria 258

Pt. 6 Applications 2 : extending stakeholder theory 269

22 Business ethics, stakeholder theory, and the ethics of healthcare organizations Patricia H. Werhane Werhane, Patricia H. 273

23 Stakeholder management for conservation projects : a case study of Ream National Park, Cambodia Thanakvaro Thyl De Lopez De Lopez, Thanakvaro Thyl 284

24 Stakeholder champions : how to internationalize the corporate social responsibility agenda Grahame Thompson Thompson, Grahame Ciaran Driver Driver, Ciaran 294

25 Re-engineering the business curriculum : a stakeholder paradigm Jeff Heinfeldt Heinfeldt, Jeff Fran Wolf Wolf, Fran 304

Bibliography 313

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