Business Ethics Quarterly 31 (1):1-36 (2021)
Abstract |
ABSTRACTThe question of how to engage with stakeholders in situations of value conflict to create value that includes a plurality of conflicting stakeholder value perspectives represents one of the crucial current challenges of stakeholder engagement as well as of value creation stakeholder theory. To address this challenge, we conceptualize a discursive sharing process between affected stakeholders that is oriented toward discursive justification involving multiple procedural steps. This sharing process provides procedural guidance for firms and stakeholders to create pluralistic stakeholder value through the discursive accommodation of diverging stakeholder value perspectives. The outcomes of such a discursive value-sharing process range from stakeholder value dissensus to low and increasing levels of stakeholder value congruence to stakeholder value consensus. Hence, this article contributes to the emerging literature on integrative stakeholder engagement by conceptualizing a procedural framework that is neither overly oriented towards dissensus nor consensus.
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DOI | 10.1017/beq.2020.12 |
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References found in this work BETA
Value Maximization, Stakeholder Theory, and the Corporate Objective Function.Michael C. Jensen - 2002 - Business Ethics Quarterly 12 (2):235-256.
Corporate Legitimacy as Deliberation: A Communicative Framework.Guido Palazzo & Andreas Georg Scherer - 2006 - Journal of Business Ethics 66 (1):71-88.
Global Rules and Private Actors: Toward a New Role of the Transnational Corporation in Global Governance.Andreas Georg Scherer, Guido Palazzo & Dorothée Baumann - 2006 - Business Ethics Quarterly 16 (4):505-532.
Global Rules and Private Actors: Toward A New Role of The Transnational Corporation In Global Governance.Andreas Georg Scherer, Guido Palazzo & Dorothée Baumann - 2006 - Business Ethics Quarterly 16 (4):505-532.
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Citations of this work BETA
The Contingent Role of Conflict: Deliberative Interaction and Disagreement in Shareholder Engagement.Irene Beccarini, Daniel Beunza, Fabrizio Ferraro & Andreas G. F. Hoepner - forthcoming - Business Ethics Quarterly:1-41.
Stakeholder Engagement: Past, Present, and Future.Daniel Laude, Anna Heikkinen, Heta Leinonen, Sybille Sachs & Johanna Kujala - 2022 - Business and Society 61 (5):1136-1196.
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