Ethical Decision Making

OPEN ARCHIVE

Union Jack
Dannebrog

Ethical Decision Making

Show full item record

Title: Ethical Decision Making
an Organic Stakeholder Model
Author: Lauesen, Linne Marie
Abstract: Purpose: For the last three decades, Stakeholder management has been concerned either with strategic business management or business ethics, values and quality. Many models have been developed, but recently the literature asks for more dynamic models that can explain the complexities of the interaction between a corporation and its stakeholders. Methodology/approach: This paper offers a theoretical ‘Organic Stakeholder Model’ based on decision making theory, risk assessment and adaption to a rapidly changing world combined with appropriate stakeholder theory for ethical purposes in decision making processes in businesses. Findings: The concept of the ‘Organic Stakeholder Model’ is derived from observational studies of publicly owned enterprises from 2004 - 2011. The paper encourages researchers to test the validity of the model in any kind of business model. Practical implications (if applicable): The Model is based on case studies, but the limited scope of the length of the paper did not leave room to show the empirical evidence, but only the theoretical study. Originality / value of a paper: The model offers a new way of combining risk management with ethical decision-making processes by the inclusion of multiple stakeholders. The conceptualization of the model enhances business ethics in decision making by managing and balancing stakeholder concerns with the same concerns as the traditional risk management models does – for the sake of the wider social responsibilities of the businesses and its stakeholders.
URI: http://hdl.handle.net/10398/8733
Date: 2013-06-20

Creative Commons License This work is licensed under a Creative Commons License.

Files Size Format View
LAUESEN.pdf 367.2Kb PDF View/Open Article

This item appears in the following Collection(s)

Show full item record