An ethical perspective of stakeholder salience

The Information Technology (IT) industry in Europe is highly regulated and many of the prestigious companies that operate within the industry adopt codes of ethics and codes of conduct which enforce high standards of business practice and behaviour, Langlois and Schlegelmilch, (1990) and McManus, Li...

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Bibliographic Details
Published inManagement Services Vol. 57; no. 1; p. 32
Main Authors McManus, John, Webley, Simon
Format Trade Publication Article
LanguageEnglish
Published Enfield Institute of Management Services 01.04.2013
Subjects
Annual reports
Business ethics
Customers
Data collection
Decision making
Employees
Ethics
Information technology
Interest groups
Legitimacy
Public domain
R&D
Research & development
Social responsibility
Software
Stakeholder management
Stakeholders
Stockholders
Strategic management
Europe
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Summary:The Information Technology (IT) industry in Europe is highly regulated and many of the prestigious companies that operate within the industry adopt codes of ethics and codes of conduct which enforce high standards of business practice and behaviour, Langlois and Schlegelmilch, (1990) and McManus, Li, and Moitra, (2007). Many firms operating within the European software services industry use codes of ethics to define responsibilities and good conduct towards their stakeholders and equally to characterise the good conduct that the firm expects of its employees (Campbell, 2007 and Wood and Rimmer, 2003). The literature on stakeholder theory offers a variety of definitions of how stakeholders might be identified. Power refers to the ability of a stakeholder to influence the firm's survival based on ownership of and access to resources. According to Willer et at (1997), power is defined as: 'the structural determined potential for obtaining favoured payoffs in relations where interests are opposed'.
ISSN:0307-6768