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Stakeholder Theory and Organizational Ethics by Robert Phillips

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Chapter 7imageStakeholder Identity

The meaning of this term is so porous that there is little interpretation it seems able to resist.…

—ISAIAH BERLIN212

Lack of clarity on the issue of stakeholder legitimacy has created ambiguity on the question of stakeholder identity.213 That is, who are the organization’s stakeholders? In Chapter 5 I argued that obligations of stakeholder fairness create direct moral (normative) obligations. Stakeholders are those groups from whom the organization has voluntarily accepted benefits and to whom there arises a moral obligation. In Chapter 6 I argued that stakeholder status may also be derived from the power to ...

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