Values and Stakeholders

Ole Thyssen
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Ole Thyssen: Copenhagen Business School

Chapter 9 in Business Ethics and Organizational Values, 2009, pp 155-178 from Palgrave Macmillan

Abstract: Abstract Ethics in organizations concerns the relationship of organizations to the parties that influence or are influenced by their decisions. We refer to any ‘party’ who has an interest as a stakeholder.1 It provides a service and expects a reward. It is often a relationship between service and money,2 but other relationships are possible as well. Concerning oneself with the stakeholders of an organization is not the same as concerning oneself with the premises for its decision. There is, however, a clear connection between stakeholders and premises. Stakeholders put pressure on the organization to undertake specific concerns, that is, to base its decisions on specific premises. In the counter-pressure between many different stakeholders, an organization has to decide which decisions it considers acceptable or unacceptable. It has to decide who is going to benefit from its actions and hence who will suffer from them, or at least not prosper.3

Keywords: Business Ethic; Mass Medium; Trade Union; Functional System; Corporate Strategy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25093-2_9

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DOI: 10.1057/9780230250932_9

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