1998
DOI: 10.1108/00251749810220531
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Integrating ethics into the strategic management process: doing well by doing good

Abstract: Using ethical considerations in strategic decision making will result in the development of the most effective long term and short term strategies. Specifically, ethical criteria must be included as part of the strategic process in before‐profit decisions rather than after‐profit decisions in order to maximize corporate profits and improve strategy development and implementation. This paper presents a system of decision making to achieve this integration which uses an “interest assessment” that involves the an… Show more

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Cited by 79 publications
(63 citation statements)
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References 21 publications
(18 reference statements)
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“…Of these, an increasing number show a positive correlation between the social responsibility and financial performance of corporations in most cases (Frooman, 1997;Griffin and Mahon, 1997;Key and Popkin, 1998;Roman et al, 1999;Waddock and Graves, 1997) However, these findings have to be read with caution since such correlation is difficult to measure (Griffin, 2000;Rowley and Berman, 2000).…”
Section: Instrumental Theoriesmentioning
confidence: 99%
“…Of these, an increasing number show a positive correlation between the social responsibility and financial performance of corporations in most cases (Frooman, 1997;Griffin and Mahon, 1997;Key and Popkin, 1998;Roman et al, 1999;Waddock and Graves, 1997) However, these findings have to be read with caution since such correlation is difficult to measure (Griffin, 2000;Rowley and Berman, 2000).…”
Section: Instrumental Theoriesmentioning
confidence: 99%
“…Research indicates that besides the traditional reputation elements of a firm, environmental responsibility has become central to corporate reputation and competitive success in the marketplace today (Banerjee, 1999;Menon and Menon, 1997;Miles and Covin, 2000;Kärnä et al, 2003;Rivera, 2002). It is concerning, however, to see the expectation that green sells without firms always understanding the market first (Grant, 2007;Key and Popkin, 1998) and much of the literature focuses on doing well by doing good, the holy grail of corporate social responsibility.…”
Section: Introductionmentioning
confidence: 99%
“…If this was not reason enough, there are other factors that can influence firms. Key and Popkin (1998) maintain that the moral and ethical concerns of stakeholder groups can lead to regulation. Lantos (1999 p. 224) has noted that 'morally upright behaviour can help fend off government regulation'.…”
Section: Introductionmentioning
confidence: 99%