Ethics as Politics: Federal Ethics as the Basis for a ‘Normative’ Stakeholder Theory

This paper argues that business ethics needs to deal more effectively with situations in which stakeholder interests conflict – the essence of politics. The nature of conflicting interests and the inability of current theory to deal with conflict are explored. Federal ethics is offered as a promisin...

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1. VerfasserIn: Husted, Bryan W. (VerfasserIn)
Medienart: Elektronisch Aufsatz
Sprache:Englisch
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Veröffentlicht: Proquest 2001
In: International journal of value-based management
Jahr: 2001, Band: 14, Heft: 2, Seiten: 183-201
weitere Schlagwörter:B Stakeholder Theory
B federal ethics
B Politics
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Beschreibung
Zusammenfassung:This paper argues that business ethics needs to deal more effectively with situations in which stakeholder interests conflict – the essence of politics. The nature of conflicting interests and the inability of current theory to deal with conflict are explored. Federal ethics is offered as a promising approach to conflict in stakeholder relations. The paper begins by tracing the development of federal theory and then defines the central value of federal ethics – fidelity. Building on the work of Gabriel Marcel, I ground an ethic of fidelity in consent and creativity. The distinctive features of this approach are highlighted by contrasting it with integrative social contracts theory. Unlike traditional approaches, federal ethics provides a focus on process, rather than principle, which lends itself better to the essentially political nature of stakeholders in conflict.
ISSN:1572-8528
Enthält:Enthalten in: International journal of value-based management
Persistent identifiers:DOI: 10.1023/A:1011107528012