Stakeholder Theory and Managerial Decision-Making: Constraints and Implications of Balancing Stakeholder Interests |
| |
Authors: | Scott J Reynolds Frank C Schultz David R Hekman |
| |
Institution: | (1) Business School, University of Washington, Box 353200, Seattle, WA, 98195-3200, U.S.A. |
| |
Abstract: | Stakeholder theory is widely recognized as a management theory, yet very little research has considered its implications for
individual managerial decision-making. In the two studies reported here, we used stakeholder theory to examine managerial
decisions about balancing stakeholder interests. Results of Study 1 suggest that indivisible resources and unequal levels
of stakeholder saliency constrain managers’ efforts to balance stakeholder interests. Resource divisibility also influenced
whether managers used a within-decision or an across-decision approach to balance stakeholder interests. In Study 2 we examined
instrumental and normative implications of these two approaches. We conclude by considering the contributions of this research. |
| |
Keywords: | stakeholder management ethical decision-making balancing stakeholder interests |
本文献已被 SpringerLink 等数据库收录! |