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Anchoring Values In Nature: Toward A Theory of Business Values 1

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  • Frederick, William C.

Abstract

The dominant values of the business system—economizing and power-aggrandizing—are manifestations of natural evolutionary forces to which sociocultural meaning has been assigned. Economizing tends to slow life-negating entropic processes, while power-aggrandizement enhances them. Both economizing and power-aggrandizing work against a third (non-business) value cluster— ecologizing—which sustains community integrity. The contradictory tensions and conflicts generated among these three value clusters define the central normative issues posed by business operations. While both economizing and ecologizing are antientropic and therefore life-supporting, power augmentation, which negates the other two value clusters, is pro-entropic and therefore life-defeating. Business ethicists, by focusing on the contradictions between personal values, on the one hand, and both economizing and power-aggrandizing, on the other hand, have tended to overlook the normative significance of nature-based value systems. Learning to reconcile economizing and ecologizing values is the most important theoretical task for business ethicists.

Suggested Citation

  • Frederick, William C., 1992. "Anchoring Values In Nature: Toward A Theory of Business Values 1," Business Ethics Quarterly, Cambridge University Press, vol. 2(3), pages 283-303, July.
    • Handle: RePEc:cup:buetqu:v:2:y:1992:i:03:p:283-303_00
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    Cited by:

    1. Sam Hampton & Richard Blundel & Aqueel Wahga & Tina Fawcett & Christopher Shaw, 2022. "Transforming small and medium‐sized enterprises to address the climate emergency: The case for values‐based engagement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1424-1439, September.
    2. Adams, Dawda & Adams, Kweku & Ullah, Subhan & Ullah, Farid, 2019. "Globalisation, governance, accountability and the natural resource ‘curse’: Implications for socio-economic growth of oil-rich developing countries," Resources Policy, Elsevier, vol. 61(C), pages 128-140.
    3. Adams, Dawda & Adams, Kweku & Attah-Boakye, Rexford & Ullah, Subhan & Rodgers, Waymond & Kimani, Danson, 2022. "Social and environmental practices and corporate financial performance of multinational corporations in emerging markets: Evidence from 20 oil-rich African countries," Resources Policy, Elsevier, vol. 78(C).
    4. Friedrich Glauner, 2019. "The Myth of Responsibility: on Changing the Purpose Paradigm," Humanistic Management Journal, Springer, vol. 4(1), pages 5-32, July.

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