1999
DOI: 10.2307/3857512
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Stakeholder Management Theory: A Critical Theory Perspective

Abstract: Abstract:This article elaborates a normative Stakeholder Management Theory (SHMT) from a critical theory perspective. The paper argues that the normative theory elaborated by critical theorists such as Habermas exhibits important advantages over its rivals and that these advantages provide the basis for a theoretically more adequate version of SHMT. In the first section of the paper an account is given of normative theory from a critical theory perspective and its advantages over rival traditions. A key charac… Show more

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Cited by 128 publications
(76 citation statements)
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“…Furthermore, according to Reed (1999a), the direct role of formal institutions is secondary to the communicative discourse itself as it is this that leads to policy which provides useable guidance for practice. Significant for the experience here, Reed (1999b) identifies argumentation as a reflexive form of communicative discourse that allows stakeholders to explore the validity of the ideas presented to them. This links the life-cycle and dialectic approaches to change identified above.…”
Section: Integration Through Dialectic Changementioning
confidence: 99%
“…Furthermore, according to Reed (1999a), the direct role of formal institutions is secondary to the communicative discourse itself as it is this that leads to policy which provides useable guidance for practice. Significant for the experience here, Reed (1999b) identifies argumentation as a reflexive form of communicative discourse that allows stakeholders to explore the validity of the ideas presented to them. This links the life-cycle and dialectic approaches to change identified above.…”
Section: Integration Through Dialectic Changementioning
confidence: 99%
“…Many different moral points of view have been employed to stress the need for considering a firm's stakeholder. Gilbert (2003) and Reed (1999), for instance, refer to discourse ethical arguments, while Evan and Freeman (1988) aim at reconceptualizing the theory of the firm along Kantian lines, and Gibson (2001) asserts that deontological views in general have offered the strongest arguments for a normative stakeholder approach.…”
Section: Opportunities and Problems Of Standardized Ethics Initiativesmentioning
confidence: 99%
“…In opposition to an exclusive focus on a firm's stockholders, stakeholder theory makes serving the interests of those groups and individuals identified as 'stakeholders' the primary purpose of an organization (Kaler, 2003;Phillips, 2003;Reed, 1999). Based on the assumption that all stakeholders have more or less legitimate interests in an organization, stakeholder theory is concerned with the nature of these relationships in terms of both processes and outcomes (Jones and Wicks, 1999, p. 207).…”
Section: Main Lines Of Stakeholder Theorymentioning
confidence: 99%
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“…Views on SE range from convincing managers to recognize that their interests are inseparable from those of their stakeholders and acting accordingly (Noland & Phillips, 2010), to developing interactions with stakeholders aimed at obtaining consent as means to an end; from providing stakeholders with control in managing the corporation (Moriarty, 2014) based on the idealistic democratic view of a morality-driven corporate management uncorrupted by power differences and strategic motivations (Noland & Phillips, 2010;Hielscher, Beckmann, & Pies, 2014), to activating self-serving dialogues (Reed, 1999) that can strengthen company's advantage.…”
Section: Stakeholder Engagement: Current Dominant Perspectivesmentioning
confidence: 99%