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The Search for the Virtuous Corporation - A Wicked Problem or New Direction for Organization Theory? (Paperback)
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The Search for the Virtuous Corporation - A Wicked Problem or New Direction for Organization Theory? (Paperback)
Series: Elements in Organization Theory
Expected to ship within 12 - 17 working days
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The corporation is the most complex, adaptive, and resilient model
of organizing economic activity in history. In an era of
globalization, the transnational corporation has significant power
over society. While its rights are specified through private
ordering, and choice of jurisdictional home, in the event of
conflict of laws, the corporation's duties and responsibilities
remain contested. Notwithstanding the argument in institutional
economics that all transactions take place within governance and
legal frameworks, underpinned by a 'non-calculative social
contract,' the terms are notoriously difficult to define or
enforce. They are made more so if regulatory dynamics preclude
litigation to a judicial conclusion. This Element situates the
corporation - its culture, governance, responsibility, and
accountability - within a broader discourse of duty. In doing so,
it addresses the problem of the corporation for society and the
corporation's problem in aligning its governance to changing
community expectations of obligation.
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