Stakeholder Theory and Care Management: An Inquiry into Social Enterprises
23 Pages Posted: 21 Nov 2012
Date Written: November 21, 2012
This work aims to introduce care management from the moral viewpoint of stakeholder theory. It considers stakeholder theory a useful methodology for managerial descriptions, narratives and theorizing of business ethics, and the feminist thought, especially the moral grounding of care, a valuable normative core to earn productive remarks and insights into stakeholder research in modern capitalism. Care leads researchers to meaningful conceptualizations of the firm as a relational entity, both in itself and as part of the network of stakeholders within which it is involved, paving the way for organizational analysis deeply entangled in the subjective and interpersonal aspects of specific business context. Of major importance for advancing the understanding of care as virtue ethics affecting the managerial decision-making is the problem of bordering organization-stake holder relationships. To this purpose, a quantitative measuring on managerial practices of stakeholder involvement in a sample of small Italian social enterprises has been carried out. Findings reveal that a fully 'care for the other' turns in favor of those stakeholders who are formally entitled to take part in the co-production of organization's activities through the formal involvement in the governance structures.
Keywords: care management, stakeholder theory, social enterprise, business ethics, feminism, stakeholder involvement
JEL Classification: M14, M29, B54
Suggested Citation: Suggested Citation
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By Lay Hong Tan