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Stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by Freeman in the book Strategic Management: a Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due ...
The journal's emphasis is on the "ethics" of business ethics, with the goal of promoting dialogue between diverse publics, both academic and civil society. The editors encourage a broad scope, and the JBE publishes original articles from a wide variety of methodological and disciplinary perspectives concerning ethical issues related to business ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
The journal was established in 1981 by Robert Baum, Norman E. Bowie, and Deborah Johnson.The journal has published special issues in cooperation with professional organizations in several countries, including The Academy of Business in Society (EABIS), Australian Association for Professional and Applied Ethics, Canadian Society for the Study of Practical Ethics, the Markkula Center for Applied ...
Business Ethics Quarterly is a peer-reviewed academic journal that publishes theoretical and empirical research relevant to all aspects of business ethics.It publishes articles and reviews on a broad range of topics, including the internal ethics of business organizations, the role of business organizations in larger social, political, and cultural frameworks, and the ethical quality of market ...
The Guiding Principles failed to recognise the power imbalance in terms of resources and information between victims of corporate abuse and the businesses themselves. [15] Another issue relates to the Commentary to Guiding Principle 2 which provides that home states "are permitted" to take measures ensuring access to remedies.
Numerous articles and books written on stakeholder theory generally identify Freeman as the "father of stakeholder theory". [14] Freeman's Strategic Management: A Stakeholder Approach (1984) is widely cited in the field as being the foundation of stakeholder theory, [15] although Freeman himself refers to several bodies of literature used in the development of his approach, including strategic ...