Lecture 23 - Stakeholder Influence Stakeholders are more or...

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Stakeholder Influence Stakeholders are more or less central to all approaches to business responsibility or CSR Obligations we have to each group are critical Obligations mandated by law Obligations we impose on ourselves because of the values we hold
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Stakeholder Influence The Pragmatic Perspective Things you must do because they are required The Principled Perspective Things you must do because they are the “right” things to do given your values
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Stakeholder Influence What are the Legal Requirements in Dealing with this Stakeholder Group? What are the Moral Obligations You Have in Dealing with this Stakeholder Group? What Impact or Influence Has this Stakeholder Group Had on Business?
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Stakeholder Influence Managers and executives generally have the right “values,”– that is, they know what they should do when circumstances call on them to take a stand or make a hard choice… [b]ut businesspeople usually don’t act on their values, our research shows, because they don’t consider such action to be part of their jobs. Businesspeople view moral and ethical dilemmas as exceptions Judith Samuelson and Mary Gentile, “Getting Aggressive about Passivity,” Harvard Business Review (November 2005)
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Stakeholder Influence Problems We Strive to Avoid Moral Muteness Inactivity of managers on ethical issues Moral Myopia “Moral blindness” - they don’t even see what’s going on This is what Enron tried to do.
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Where Do Stakeholders Fit in the Scheme of the Corporation? Corporate Governance
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This note was uploaded on 04/22/2008 for the course BCOR 3010 taught by Professor None during the Spring '07 term at Colorado.

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Lecture 23 - Stakeholder Influence Stakeholders are more or...

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