Articlegreen2007

Ethical Theory and Stakeholder-Related Decisions: The Role of Stakeholder Culture

Thomas M. Jones · Will Felps · Gregory A. Bigley

648 citations0/0 files storedAcademy of Management Review

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Corporate Social Responsibility Reporting Ethics in Business and Education Corporate Social Responsibility and Sustainability

Abstract

We use convergent elements of major ethical theories to create a typology of corporate stakeholder cultures–the aspects of organizational culture consisting of the beliefs, values, and practices that have evolved for solving problems and otherwise managing stakeholder relationships. We describe five stakeholder cultures–agency, corporate egoist, instrumentalist, moralist, and altruist–and explain how these cultures lie on a continuum, ranging from individually self-interested (agency culture) to fully other-regarding (altruist culture). We demonstrate the utility of our framework by showing how it can refine stakeholder salience theory.

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References

2010Strategic management a stakeholder approach 1995Managing Legitimacy: Strategic and Institutional Approaches 1987The Economic Institutions of Capitalism 2007The Social Responsibility of Business Is to Increase Its Profits 1986The Economic Institutions of Capitalism 1979A Three-Dimensional Conceptual Model of Corporate Performance 1986Organizational Culture and Leadership 1997Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of who and What Really Counts

Cited by

2010Corporate Social Responsibility 2022Stakeholder Engagement: Past, Present, and Future 2014Stakeholder management studies in mega construction projects: A review and future directions 2010Organizational Stages and Cultural Phases: A Critical Review and a Consolidative Model of Corporate Social Responsibility Development 2011Corporate Reputation: A Combination of Social Responsibility and Industry 2012Strategic Cognition and Issue Salience: Toward an Explanation of Firm Responsiveness to Stakeholder Concerns

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