Stakeholder Theory and Organizational Ethics

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Chapter 8Stakeholder Theory in Practice

This book contains some rather dense prose and detailed arguments that are necessary for adding rigor to the theory. The theory does not, however, pass the “so what?” test unless it is—or can be made—useful to managers and administrators. In this concluding chapter, I will summarize the preceding arguments and encapsulate a few of the more practical managerial implications of the preceding discussion. These implications can be found throughout the book, but because they are easily lost when buried among the rest of the arguments, there is value in recapitulating some of the more prominent practical ideas ...