book

Stakeholder Theory and Organizational Ethics

by Robert Phillips

September 2003

Intermediate to advanced

216 pages

5h 33m

English

Berrett-Koehler Publishers

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Stakeholder TheoryChapter 2: The Limits of Stakeholder TheoryChapter 3: Why Organizational Ethics?Chapter 4: Stakeholder Theory and Its CriticsChapter 5: A Principle of Stakeholder FairnessChapter 6: Stakeholder LegitimacyChapter 7: Stakeholder IdentityChapter 8: Stakeholder Theory in Practice
What Stakeholder Theory IsCritical Distortions: Straw-Persons and Evil GeniesFriendly MisinterpretationsConclusion
Why a Theory of Organizational Ethics?Limitations of Political Theory for OrganizationsLimitations of Moral Philosophy for OrganizationsToward an Ethics of OrganizationsConclusion
Stakeholder DistinctionsStakeholders, Agency Theory, and Fiduciary DutiesStakeholder Theory and the Place of FairnessConclusion
A Principle of FairnessObligationsDefending FairnessFairness and ConsentFairness and Integrative Social Contracts TheoryOn the Question of JustificationDiscourse Ethics and the Content of Stakeholder ObligationsStakeholders As Analytic to BusinessConclusion

Legitimacy in Stakeholder TheoryLegitimacy in Stakeholder Research: Normative and Derivative PerspectivesLegitimacy in Practice
The Natural Environment As a StakeholderProblems with the Natural Environment As a StakeholderThe Natural Environment and Community StakeholdersSocial Activists As StakeholdersActivist Groups and Civil DisobedienceCivil Disobedience and Stakeholder TheoryConclusion
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 PracticeOther Challenges to Stakeholder Theory

Content preview from Stakeholder Theory and Organizational Ethics

Chapter 4Stakeholder Theory and Its Critics

Ethics has long been a part of the study of economics and commercial interaction. Adam Smith and John Stuart Mill (to name but two of the better known) are as well known for their thinking on matters of moral philosophy as they are of their work on political economy. As the study of economics proceeded, however, it became an ever more technical discipline with the concomitant deemphasis of that which could not be measured, including concern over morals. In On Ethics and Economics, Nobel laureate Amartya Sen comments unfavorably on the schism that has evolved between the two intimately connected disciplines. ...