This book uses Kant's idea of imperfect duty to extend the theory
of the firm. Unlike perfect duty which is contractual or otherwise
legally binding, imperfect duty consists of those commitments of
choice that pursue some moral value, but that have practical limits
to their pursuit. The author presents a broad view of the imperfect
duties of management, defined as a nexus of all commitments to do
good involving relations internal and external to the firm. This
nexus consists of three overlapping categories of (i) building a
virtuous managerial community, (ii) pursuing reasoned managerial
discourse, and (iii) diligent and reasoned pursuit of the body of
routine managerial duties such as capital budgeting and internal
controls. Specific applications of the nexus theory for stakeholder
relations via fair negotiation, and for analysis of the effects on
the managerial team of perquisite consumption are presented.This
book has major implications for research in business ethics and
allows critical insights into managerial decision making.
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