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Harm Reduction, Solidarity, and Social Mobility as Target Functions: A Rortian Approach to Stakeholder Theory.

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Title: Harm Reduction, Solidarity, and Social Mobility as Target Functions: A Rortian Approach to Stakeholder Theory.
Authors: Weitzner, David1 (AUTHOR) David.weitzner@yorku.ca, Deutsch, Yuval1 (AUTHOR)
Source: Journal of Business Ethics. Sep2023, Vol. 186 Issue 3, p479-492. 14p.
Subject Terms: Stakeholder theory, Business ethics, Decision making in business, Ethical decision making, Pragmatism, Irony, Solidarity, Social mobility
Abstract: Instrumental Stakeholder Theory has begun to suffer from what might be termed "mission drift." Despite its initial success in creating a foothold for ethics in managerial decision-making, the efficiency arguments which now dominate this research stream have become counterproductive to the original goal of connecting ethics and capitalism. We argue in this paper that the way forward is by re-centering contingency, conversation, and inefficiency in stakeholder theory. To start this process, there needs to be a reckoning of some unintended impacts of the success of the instrumental stream of stakeholder research. For a contrasting approach, we draw on Richard Rorty's pragmatism and its foundation of ethical "irony," a state of continuous doubts about the utility of one's moral vocabulary. We offer a Rortian approach to stakeholder theory, unearthing the possibility for new corporate target functions in the goals of harm reduction, solidarity, and social mobility, the foundational building blocks of an ironist ethical perspective. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Business Ethics is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Harm Reduction, Solidarity, and Social Mobility as Target Functions: A Rortian Approach to Stakeholder Theory.
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Business+Ethics%22">Journal of Business Ethics</searchLink>. Sep2023, Vol. 186 Issue 3, p479-492. 14p.
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  Data: <searchLink fieldCode="DE" term="%22Stakeholder+theory%22">Stakeholder theory</searchLink><br /><searchLink fieldCode="DE" term="%22Business+ethics%22">Business ethics</searchLink><br /><searchLink fieldCode="DE" term="%22Decision+making+in+business%22">Decision making in business</searchLink><br /><searchLink fieldCode="DE" term="%22Ethical+decision+making%22">Ethical decision making</searchLink><br /><searchLink fieldCode="DE" term="%22Pragmatism%22">Pragmatism</searchLink><br /><searchLink fieldCode="DE" term="%22Irony%22">Irony</searchLink><br /><searchLink fieldCode="DE" term="%22Solidarity%22">Solidarity</searchLink><br /><searchLink fieldCode="DE" term="%22Social+mobility%22">Social mobility</searchLink>
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  Data: Instrumental Stakeholder Theory has begun to suffer from what might be termed "mission drift." Despite its initial success in creating a foothold for ethics in managerial decision-making, the efficiency arguments which now dominate this research stream have become counterproductive to the original goal of connecting ethics and capitalism. We argue in this paper that the way forward is by re-centering contingency, conversation, and inefficiency in stakeholder theory. To start this process, there needs to be a reckoning of some unintended impacts of the success of the instrumental stream of stakeholder research. For a contrasting approach, we draw on Richard Rorty's pragmatism and its foundation of ethical "irony," a state of continuous doubts about the utility of one's moral vocabulary. We offer a Rortian approach to stakeholder theory, unearthing the possibility for new corporate target functions in the goals of harm reduction, solidarity, and social mobility, the foundational building blocks of an ironist ethical perspective. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Business Ethics is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1007/s10551-022-05248-1
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      – Code: eng
        Text: English
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      – SubjectFull: Stakeholder theory
        Type: general
      – SubjectFull: Business ethics
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      – SubjectFull: Decision making in business
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      – SubjectFull: Ethical decision making
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      – SubjectFull: Pragmatism
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      – SubjectFull: Solidarity
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      – SubjectFull: Social mobility
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              M: 09
              Text: Sep2023
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