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The Theory of the Firm is commonly viewed as axiomatic by business
school academicians. Considerations in spanning organizational
structures, their boundaries and roles, as well as business
strategies all relate to the Theory of the Firm. The dominant
Theory of the Firm poses that markets act perfectly to maximize the
well- being of society when people act to maximize the personal
utility of their individual purchases and firms act to maximize
financial returns to their owners. However, burgeoning evidence and
discourse across the scientific and policy communities suggests
that the economic, social, and environmental consequences of
accepting and applying this theory in the organization of business
and society threaten the survival of the human species, among
countless others. This book provides the latest thinking on
alternatives to the Theory of the Firm as cornerstone of managerial
decision-making. Authors explore and elucidate theories that help
us understand a firm differently and suggest alternatives to the
Theory of the Firm. This book will be of value to researchers,
academics, practitioners, and students interested in leadership,
strategic management, and the intersection of corporate interests
and the well-being of the society.
The Theory of the Firm is commonly viewed as axiomatic by business
school academicians. Considerations in spanning organizational
structures, their boundaries and roles, as well as business
strategies all relate to the Theory of the Firm. The dominant
Theory of the Firm poses that markets act perfectly to maximize the
well- being of society when people act to maximize the personal
utility of their individual purchases and firms act to maximize
financial returns to their owners. However, burgeoning evidence and
discourse across the scientific and policy communities suggests
that the economic, social, and environmental consequences of
accepting and applying this theory in the organization of business
and society threaten the survival of the human species, among
countless others. This book provides the latest thinking on
alternatives to the Theory of the Firm as cornerstone of managerial
decision-making. Authors explore and elucidate theories that help
us understand a firm differently and suggest alternatives to the
Theory of the Firm. This book will be of value to researchers,
academics, practitioners, and students interested in leadership,
strategic management, and the intersection of corporate interests
and the well-being of the society.
The Business and Society (BAS) 360 book series is an annual
publication targeting cutting-edge developments in the broad
business and society field, such as stakeholder management,
corporate social responsibility and citizenship, business ethics,
sustainability, social entrepreneurship and others. Each volume
will feature a comprehensive discussion and review of the current
"state" of the research and theoretical developments in a specific
business and society area. Volume Five focuses on research drawn
from work grounded in Social Entrepreneurship. Leading scholars in
this discipline contribute to a 360-degree evaluation of theory,
including cross-discipline research, empirical explorations,
cross-cultural studies, literature critiques, and meta-analysis
projects. Social Entrepreneurship will be useful for emerging and
senior business school educators researching and teaching in the
business and society field, as well as doctoral and masters level
students across the business, social sciences and natural sciences
seeking to learn about this multi-discipline and sustained field of
management study.
Stakeholder theory is used for many purposes in a wide array of
disciplines. It was intended to serve as a strategic management
tool for business and society relationships in a capitalist system.
While it has broad scholarly appeal, it is still somewhat
controversial and is considered to be empirically underdeveloped.
This new book offers a series of ten chapters from well-known,
established and emerging business and society scholars working with
stakeholder theory in its many aspects. Each chapter is centered on
a different sub-topic related to stakeholder management, written by
the actual published experts on that sub-topic. The chapters stand
alone as comprehensive pieces of scholarship in themselves, but
they are intimately related and interwoven so as to give readers an
overall sense of cohesion around the area of stakeholder
management.
The Business and Society (BAS) 360 book series is an annual
publication targeting cutting-edge developments in the broad
business and society field, such as stakeholder management,
corporate social responsibility and citizenship, business ethics,
sustainability, corporate governance and others. Each volume will
feature a comprehensive discussion and review of the current
'state' of the research and theoretical developments in a specific
business and society area. As business and society is an inherently
multi-disciplinary scholarly area, the book series will draw from
work in areas outside of business and management, such as
psychology, sociology, philosophy, religious studies, economics and
other related fields, as well as the natural sciences, education
and other professional areas of study. This volume focuses on
research drawn from work grounded in 'Business Ethics.' Scholars
known in this discipline contribute to a 360-degree evaluation of
the theory, including cross-discipline research, empirical
explorations, cross-cultural studies, literature critiques and
meta-analysis projects. The book should appeal to a wide range of
readers; from emerging and senior business school educators
researching and teaching in the business and society field, to
doctoral and masters level students across the business, social
sciences and natural sciences seeking to learn about this
multi-discipline and sustained field of management study. Business
executives and managers could benefit from reading how the business
and society field began, the path it has taken and the new,
emerging directions that scholars envision for the field.
The Business and Society (BAS) 360 book series is an annual
publication targeting cutting-edge developments in the broad
business and society field, such as stakeholder management,
corporate social responsibility and citizenship, business ethics,
sustainability, corporate governance and others. Each volume will
feature a comprehensive discussion and review of the current
"state" of the research and theoretical developments in a specific
business and society area. For instance, volume two focuses on
research drawn from work grounded in "corporate social
responsibility" and "corporate citizenship." Scholars known in this
discipline contribute to a 360-degree evaluation of the theory,
including cross-discipline research, empirical explorations,
cross-cultural studies, literature critiques, and meta-analysis
projects. As business and society is an inherently
multi-disciplinary scholarly area, the book series will draw from
work in areas outside of business and management, such as
psychology, sociology, philosophy, religious studies, economics and
other related fields, as well as the natural sciences, education,
and other professional areas of study. This book series should
appeal to wide range of readers - from emerging and senior business
school educators researching and teaching in the business and
society field to doctoral and masters level students across the
business, social sciences and natural sciences seeking to learn
about this multi-discipline and sustained field of management
study. Business executives and managers could benefit from reading
how the business and society field began, the path it has taken and
the new, emerging directions that scholars envision for the field.
The Business and Society (BAS) 360 book series is an annual
publication targeting cutting-edge developments in the broad
business and society field, such as stakeholder management,
corporate social responsibility and citizenship, business ethics,
sustainability, social entrepreneurship and others. Each volume
will feature a comprehensive discussion and review of the current
"state" of the research and theoretical developments in a specific
business and society area. Volume Four focuses on research drawn
from work grounded in "Sustainability." Scholars known in this
discipline contribute to a 360-degree evaluation of the theory,
including cross-discipline research, empirical explorations,
cross-cultural studies, literature critiques, and meta-analysis
projects. Sustainability should appeal to wide range of readers -
from emerging and senior business school educators researching and
teaching in the business and society field to doctoral and masters
level students across the business, social sciences and natural
sciences seeking to learn about this multi-discipline and sustained
field of management study.
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