Stakeholder Theory and Organizational Ethics

  • 3h 50m
  • Robert Phillips
  • Berrett-Koehler Publishers
  • 2003

Business ethics is a staple in the news today. One of the most difficult ethical questions facing managers is to whom are they responsible? Organizations can affect and are affected by many different constituencies—or “stakeholders”—but who are these stakeholders? What sort of managerial attention should they receive? Is there a legal duty to attend to stakeholders or is such a duty legally prohibited due to the shareholder wealth maximization imperative? In short, for whose benefit ought a firm be managed?

Stakeholder Theory and Organizational Ethics provides the most comprehensive, theoretical treatment of the stakeholder framework to date. Robert Phillips provides an extended defense of stakeholder theory as the preeminent theory of organizational ethics today.

About the Author

Robert Phillips received his doctorate from the University of Virginia’s Darden School where he studied with premier business ethicists R. Edward Freeman and Patricia Werhane, among others. He has held faculty positions at Georgetown University and the Wharton School prior to coming to the University of San Diego, where he now holds a joint appointment in the management and social/legal areas of the School of Business as an assistant professor.

In this Book

  • Stakeholder Theory and Organizational Dogma
  • The Limits of Stakeholder Theory
  • Why Organizational Ethics?
  • Stakeholder Theory and its Critics
  • A Principle of Stakeholder Fairness
  • Stakeholder Legitimacy
  • Stakeholder Identity
  • Stakeholder Theory in Practice
  • Notes