Abstract
Findings: The concept of the 'Organic Stakeholder Model' is derived from observational studies of publicly owned enterprises from 2004 - 2011. The paper encourages researchers to test the validity of the model in any kind of business model.
Practical implications (if applicable): The Model is based on case studies, but the limited scope of the length of the paper did not leave room to show the empirical evidence, but only the theoretical study. Originality / value of a paper: The model offers a new way of combining risk management with ethical decision-making processes by the inclusion of multiple stakeholders. The conceptualization of the model enhances business ethics in decision making by managing and balancing stakeholder concerns with the same concerns as the traditional risk management models does – for the sake of the wider social responsibilities of the businesses and its stakeholders.
| Original language | English |
|---|---|
| Journal | Multidisciplinary Journal for Applied Ethics |
| Volume | 1 |
| Issue number | 1 |
| Pages (from-to) | 6-20 |
| Publication status | Published - 2012 |
Cite this
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Ethical Decision Making : An Organic Stakeholder Model. / Lauesen, Linne Marie.
In: Multidisciplinary Journal for Applied Ethics, Vol. 1, No. 1, 2012, p. 6-20.Research output: Contribution to journal › Journal article › Research › peer-review
TY - JOUR
T1 - Ethical Decision Making
T2 - An Organic Stakeholder Model
AU - Lauesen, Linne Marie
PY - 2012
Y1 - 2012
N2 - Purpose: For the last three decades, Stakeholder management has been concerned either with strategic business management or business ethics, values and quality. Many models have been developed, but recently the literature asks for more dynamic models that can explain the complexities of the interaction between a corporation and its stakeholders. Methodology/approach: This paper offers a theoretical 'Organic Stakeholder Model' based on decision making theory, risk assessment and adaption to a rapidly changing world combined with appropriate stakeholder theory for ethical purposes in decision making processes in businesses. Findings: The concept of the 'Organic Stakeholder Model' is derived from observational studies of publicly owned enterprises from 2004 - 2011. The paper encourages researchers to test the validity of the model in any kind of business model. Practical implications (if applicable): The Model is based on case studies, but the limited scope of the length of the paper did not leave room to show the empirical evidence, but only the theoretical study. Originality / value of a paper: The model offers a new way of combining risk management with ethical decision-making processes by the inclusion of multiple stakeholders. The conceptualization of the model enhances business ethics in decision making by managing and balancing stakeholder concerns with the same concerns as the traditional risk management models does – for the sake of the wider social responsibilities of the businesses and its stakeholders.
AB - Purpose: For the last three decades, Stakeholder management has been concerned either with strategic business management or business ethics, values and quality. Many models have been developed, but recently the literature asks for more dynamic models that can explain the complexities of the interaction between a corporation and its stakeholders. Methodology/approach: This paper offers a theoretical 'Organic Stakeholder Model' based on decision making theory, risk assessment and adaption to a rapidly changing world combined with appropriate stakeholder theory for ethical purposes in decision making processes in businesses. Findings: The concept of the 'Organic Stakeholder Model' is derived from observational studies of publicly owned enterprises from 2004 - 2011. The paper encourages researchers to test the validity of the model in any kind of business model. Practical implications (if applicable): The Model is based on case studies, but the limited scope of the length of the paper did not leave room to show the empirical evidence, but only the theoretical study. Originality / value of a paper: The model offers a new way of combining risk management with ethical decision-making processes by the inclusion of multiple stakeholders. The conceptualization of the model enhances business ethics in decision making by managing and balancing stakeholder concerns with the same concerns as the traditional risk management models does – for the sake of the wider social responsibilities of the businesses and its stakeholders.
KW - Business Ethics
KW - Decision Making
KW - ‘Garbage Can’
KW - 'Organic' System / Structures
KW - Stakeholder Theory and ‘Time’ / ’Cost’-variables
M3 - Journal article
VL - 1
SP - 6
EP - 20
JO - Multidisciplinary Journal for Applied Ethics
JF - Multidisciplinary Journal for Applied Ethics
IS - 1
ER -