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- Title
CONVERGENT STAKEHOLDER THEORY.
- Authors
Jones, Thomas M.; Wicks, Andrew C.
- Abstract
The authors describe two divergent approaches to stakeholder theory--a social science approach and a normative ethics approach--and examine their differences and similarities. Since neither approach is complete without the other, the authors propose a new way of theorizing about organizations: the development of normatively and instrumentally sound convergent stakeholder theory. This form of theory is explicitly and unabashedly normative, demonstrating how managers can create morally sound approaches to business and make them work.
- Subjects
ECONOMIC convergence; STAKEHOLDERS; THEORY; SOCIAL ethics; INVESTORS; SOCIAL sciences; BUSINESS ethics; DECISION making; DECISION theory; MANAGEMENT science; SOCIAL sciences &; management; MANAGEMENT literature
- Publication
Academy of Management Review, 1999, Vol 24, Issue 2, p206
- ISSN
0363-7425
- Publication type
Article
- DOI
10.5465/AMR.1999.1893929