Stakeholder Voice: A Problem, a Solution and a Challenge for Managers and Academics

Harry Van Buren III, Michelle Ruth Greenwood

Research output: Contribution to journalArticleResearchpeer-review

4 Citations (Scopus)

Abstract

The 25th anniversary of R. Edward Freeman’s Strategic Management: A Stakeholder Approach provides an opportunity to consider where stakeholder theory has been, where it is going, and how it might influence the behavior of academics conducting stakeholder-oriented research. We propose that Freeman’s early work on the stakeholder concept supports the normative claim that a stakeholder’s contribution to value creation implies a right to stakeholder voice with regard to how a corporation makes decisions. Failure to account for stakeholder voice (especially for non-shareholder stakeholders) works to the detriment of stakeholders. We further propose that business ethicists and stakeholder scholars have a role to play with regard to supporting the interests — including a right to voice — of non-shareholder stakeholders through advocacy, teaching, and scholarship. We use the example of industrial relations teaching and scholarship as a model for future business ethics teaching and scholarship.

Original languageEnglish
Pages (from-to)15-23
Number of pages9
JournalPhilosophy of Management
Volume8
Issue number3
DOIs
Publication statusPublished - 1 Sep 2009

Keywords

  • Business Ethic
  • Corporate Governance
  • Industrial Relation
  • Stakeholder Group
  • Stakeholder Theory

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