Stakeholder Engagement, Knowledge Problems and Ethical Challenges
In the management and business ethics literatures, stakeholder engagement has been demonstrated to lead to more ethical management practices. However, there may be limits on the extent to which stakeholder engagement can, as currently conceptualized, resolve some of the more difficult ethical challe...
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| Published in | Journal of business ethics Vol. 175; no. 1; pp. 75 - 94 |
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| Main Authors | , , , , |
| Format | Journal Article |
| Language | English |
| Published |
Dordrecht
Springer Netherlands
2022
Springer Nature B.V |
| Subjects | |
| Online Access | Get full text |
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| Abstract | In the management and business ethics literatures, stakeholder engagement has been demonstrated to lead to more ethical management practices. However, there may be limits on the extent to which stakeholder engagement can, as currently conceptualized, resolve some of the more difficult ethical challenges faced by managers. In this paper we argue that stakeholder engagement, when seen as a way of reducing five types of knowledge problems—risk, ambiguity, complexity, equivocality, and a priori irreducible uncertainty—can aid managers in resolving such ethical challenges. Using a practical illustration of the ethical challenges surrounding the development and application of genetic modification technologies, we demonstrate how stakeholder engagement enables managers to better address these knowledge problems, thereby to manage more ethically. In this way, we suggest that stakeholder engagement has an even more crucial role to play in business ethics research and practice. |
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| AbstractList | In the management and business ethics literatures, stakeholder engagement has been demonstrated to lead to more ethical management practices. However, there may be limits on the extent to which stakeholder engagement can, as currently conceptualized, resolve some of the more difficult ethical challenges faced by managers. In this paper we argue that stakeholder engagement, when seen as a way of reducing five types of knowledge problems—risk, ambiguity, complexity, equivocality, and a priori irreducible uncertainty—can aid managers in resolving such ethical challenges. Using a practical illustration of the ethical challenges surrounding the development and application of genetic modification technologies, we demonstrate how stakeholder engagement enables managers to better address these knowledge problems, thereby to manage more ethically. In this way, we suggest that stakeholder engagement has an even more crucial role to play in business ethics research and practice. |
| Author | Hunt, Richard A. Lee, Jae H. Mitchell, J. Robert Mitchell, Ronald K. Townsend, David M. |
| Author_xml | – sequence: 1 givenname: J. Robert surname: Mitchell fullname: Mitchell, J. Robert organization: College of Business, Rockwell Hall, Colorado State University, Ivey School of Business, University of Western Ontario – sequence: 2 givenname: Ronald K. surname: Mitchell fullname: Mitchell, Ronald K. email: ronald.mitchell@ttu.edu organization: Texas Tech University – sequence: 3 givenname: Richard A. surname: Hunt fullname: Hunt, Richard A. organization: Pamplin College of Business, Virginia Polytechnic Institute & State University – sequence: 4 givenname: David M. surname: Townsend fullname: Townsend, David M. organization: Pamplin College of Business, Virginia Polytechnic Institute & State University – sequence: 5 givenname: Jae H. surname: Lee fullname: Lee, Jae H. organization: College of Business, Hamline University |
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| Keywords | Ethical challenges Uncertainty and knowledge problems Stakeholder engagement |
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| SubjectTerms | Ambiguity Business and Management Business Ethics Challenges Education Ethical dilemmas Ethics Genetically altered foods Interest groups Knowledge Management Original Paper Philosophy Public health Quality of Life Research Stakeholders Uncertainty |
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| Title | Stakeholder Engagement, Knowledge Problems and Ethical Challenges |
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