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Corporate and Stakeholder Responsibility: Making Business Ethics A Two-Way Conversation

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  • Goodstein, Jerry D.
  • Wicks, Andrew C.

Abstract

The globalization of society erodes established ideas about the division of labor between the political and economic spheres and calls for a fresh view concerning the role of business in society. Some multinational corporations have started to change their role from one of simply following the rules to one of creating the rules of the economic game. They already have assumed responsibilities that once were regarded as belonging to government. They engage in the production of public goods (e.g., public health, education), and in self-regulation to fill global gaps in legal regulation and to promote societal peace and stability. Some corporations do not simply comply with societal standards in legal and moral terms; they engage in discursive social and political processes that aim at setting or redefining those standards in a changing, globalizing world. Those activities go beyond the mainstream understanding of stakeholder responsibility and corporate social responsibility.

Suggested Citation

  • Goodstein, Jerry D. & Wicks, Andrew C., 2007. "Corporate and Stakeholder Responsibility: Making Business Ethics A Two-Way Conversation," Business Ethics Quarterly, Cambridge University Press, vol. 17(3), pages 375-398, July.
    • Handle: RePEc:cup:buetqu:v:17:y:2007:i:03:p:375-398_00
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    Cited by:

    1. Anne-Laure P. Winkler & Jill A. Brown & David L. Finegold, 2019. "Employees as Conduits for Effective Stakeholder Engagement: An Example from B Corporations," Journal of Business Ethics, Springer, vol. 160(4), pages 913-936, December.
    2. Viveros, Hector, 2017. "Unpacking stakeholder mechanisms to influence corporate social responsibility in the mining sector," Resources Policy, Elsevier, vol. 51(C), pages 1-12.
    3. Mario Minoja, 2012. "Stakeholder Management Theory, Firm Strategy, and Ambidexterity," Journal of Business Ethics, Springer, vol. 109(1), pages 67-82, August.
    4. Yves Fassin, 2009. "Inconsistencies in Activists’ Behaviours and the Ethics of NGOs," Journal of Business Ethics, Springer, vol. 90(4), pages 503-521, December.
    5. Frances Bowen & Aloysius Newenham-Kahindi & Irene Herremans, 2010. "When Suits Meet Roots: The Antecedents and Consequences of Community Engagement Strategy," Journal of Business Ethics, Springer, vol. 95(2), pages 297-318, August.
    6. Yves Fassin, 2012. "Stakeholder Management, Reciprocity and Stakeholder Responsibility," Journal of Business Ethics, Springer, vol. 109(1), pages 83-96, August.
    7. Cam Caldwell, 2011. "Duties Owed to Organizational Citizens – Ethical Insights for Today’s Leader," Journal of Business Ethics, Springer, vol. 102(3), pages 343-356, September.
    8. James, Harvey S., Jr. & Henrickson, Mary K., 2007. "Perceived Economic Pressures and Farmer Ethics," Working Papers 7361, University of Missouri Columbia, Department of Agricultural Economics.
    9. Diana Robertson, 2009. "Corporate Social Responsibility and Different Stages of Economic Development: Singapore, Turkey, and Ethiopia," Journal of Business Ethics, Springer, vol. 88(4), pages 617-633, October.
    10. Addmore T. Muruviwa & Wilson Akpan & Fhulu H. Nekhwevha, 2020. "Debating stakeholder reciprocity: understanding the stakeholders’ duties in corporate social responsibility in a Zimbabwean mining town," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(3), pages 1787-1809, March.
    11. Jing Yang & Kelly Basile, 2022. "Communicating Corporate Social Responsibility: External Stakeholder Involvement, Productivity and Firm Performance," Journal of Business Ethics, Springer, vol. 178(2), pages 501-517, June.
    12. Matchakarn Ya-Anan, 2011. "Need and Employees Motivation to Work for NGOs in Thailand," Journal of Economics and Behavioral Studies, AMH International, vol. 3(2), pages 128-132.
    13. Giacomo Manetti, 2011. "The quality of stakeholder engagement in sustainability reporting: empirical evidence and critical points," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 18(2), pages 110-122, March.
    14. Masoud Shadnam & Andrew Crane & Thomas B. Lawrence, 2020. "Who Calls It? Actors and Accounts in the Social Construction of Organizational Moral Failure," Journal of Business Ethics, Springer, vol. 165(4), pages 699-717, September.
    15. Kaibin Xu & Wenqing Li, 2013. "An Ethical Stakeholder Approach to Crisis Communication: A Case Study of Foxconn’s 2010 Employee Suicide Crisis," Journal of Business Ethics, Springer, vol. 117(2), pages 371-386, October.
    16. Sabine Knothe & Sabine Schonebeck & Andreas Wömpener, 2009. "Wechselwirkungen von Handlungen der Unternehmensführung und öffentlicher Meinungsbildung – Spezifikation eines Kommunikationsmodells," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 20(2), pages 215-237, October.
    17. Pierre Al-Khoury & Katrin Bolkart & Ina-Marie Fechter & Mansour AlShamali, 2015. "Students Social Responsibility Initiatives And Impact On University Performance: An Empirical Study From Lebanon," Business Education and Accreditation, The Institute for Business and Finance Research, vol. 7(2), pages 75-87.
    18. Tariq Javed & Fareyha Said, 2022. "Business Response to Natural Disaster Mitigation (Covid-19): A Case From Pakistan," SAGE Open, , vol. 12(1), pages 21582440211, January.
    19. Margaret Brunton & Gabriel Eweje & Nazim Taskin, 2017. "Communicating Corporate Social Responsibility to Internal Stakeholders: Walking the Walk or Just Talking the Talk?," Business Strategy and the Environment, Wiley Blackwell, vol. 26(1), pages 31-48, January.
    20. Sergiy D. Dmytriyev & R. Edward Freeman & Jacob Hörisch, 2021. "The Relationship between Stakeholder Theory and Corporate Social Responsibility: Differences, Similarities, and Implications for Social Issues in Management," Journal of Management Studies, Wiley Blackwell, vol. 58(6), pages 1441-1470, September.
    21. Kirsten Martin & Robert Phillips, 2022. "Stakeholder Friction," Journal of Business Ethics, Springer, vol. 177(3), pages 519-531, May.
    22. Daniel Arenas & Josep Lozano & Laura Albareda, 2009. "The Role of NGOs in CSR: Mutual Perceptions Among Stakeholders," Journal of Business Ethics, Springer, vol. 88(1), pages 175-197, August.
    23. Carl Rhodes & Robert Westwood, 2016. "The Limits of Generosity: Lessons on Ethics, Economy, and Reciprocity in Kafka’s The Metamorphosis," Journal of Business Ethics, Springer, vol. 133(2), pages 235-248, January.

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