Critical management studies and stakeholder theory

possibilities for a critical stakeholder theory

Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

Abstract

Despite being labeled as fearfully radical in its early days, stakeholder theory has grown up to be remarkably conservative. Depicted in its early days as being anti-managerial (an attempt to socialise business), it is increasing criticized as being managerialist (a vehicle for capitalist control and managerial opportunism). Indeed, in the intervening decades, the versions of stakeholder theory that have gained greatest purchase have been the most transactional, the most strategic, the most managerialist. Notwithstanding this history, we would argue, the seeds of transformation remain dormant in stakeholder theory waiting to be ignited. To this end we embark on an unusual endeavor, to develop critical stakeholder theory. We will engage the proposition that stakeholder theory can be made more meaningful if examined through a critical lens. For purposes of our analysis we draw explicitly on the scholarly oeuvre of critical management studies (CMS). We are not the first to be critical of stakeholder theory from this perspective, but we believe we are the first to invoke this critique to make stakeholder theory better rather than dismiss or destroy it.
Original languageEnglish
Title of host publicationThe Cambridge Handbook of Stakeholder Theory
EditorsJeffrey S. Harrison, Jay B. Barney, R. Edward Freeman, Robert A. Phillips
Place of PublicationCambridge UK
PublisherCambridge University Press
Chapter3
Pages35-52
Number of pages18
Edition1st
ISBN (Electronic)9781108123495
ISBN (Print)9781107191464, 9781316642047
DOIs
Publication statusPublished - 2019

Keywords

  • critical management studies
  • stakeholder theory
  • Feminism
  • Postcolonial theory
  • subjectivity

Cite this

Greenwood, M., & Mir, R. (2019). Critical management studies and stakeholder theory: possibilities for a critical stakeholder theory. In J. S. Harrison, J. B. Barney, R. E. Freeman, & R. A. Phillips (Eds.), The Cambridge Handbook of Stakeholder Theory (1st ed., pp. 35-52). Cambridge UK: Cambridge University Press. https://doi.org/10.1017/9781108123495.003
Greenwood, Michelle ; Mir, Raza. / Critical management studies and stakeholder theory : possibilities for a critical stakeholder theory. The Cambridge Handbook of Stakeholder Theory. editor / Jeffrey S. Harrison ; Jay B. Barney ; R. Edward Freeman ; Robert A. Phillips. 1st. ed. Cambridge UK : Cambridge University Press, 2019. pp. 35-52
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Greenwood, M & Mir, R 2019, Critical management studies and stakeholder theory: possibilities for a critical stakeholder theory. in JS Harrison, JB Barney, RE Freeman & RA Phillips (eds), The Cambridge Handbook of Stakeholder Theory. 1st edn, Cambridge University Press, Cambridge UK, pp. 35-52. https://doi.org/10.1017/9781108123495.003

Critical management studies and stakeholder theory : possibilities for a critical stakeholder theory. / Greenwood, Michelle; Mir, Raza.

The Cambridge Handbook of Stakeholder Theory. ed. / Jeffrey S. Harrison; Jay B. Barney; R. Edward Freeman; Robert A. Phillips. 1st. ed. Cambridge UK : Cambridge University Press, 2019. p. 35-52.

Research output: Chapter in Book/Report/Conference proceedingChapter (Book)Researchpeer-review

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Greenwood M, Mir R. Critical management studies and stakeholder theory: possibilities for a critical stakeholder theory. In Harrison JS, Barney JB, Freeman RE, Phillips RA, editors, The Cambridge Handbook of Stakeholder Theory. 1st ed. Cambridge UK: Cambridge University Press. 2019. p. 35-52 https://doi.org/10.1017/9781108123495.003