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Are Organisation Researchers too Obsessed with the Economic Responsibility of the Firm?

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Abstract

The original intent of business education in America focused on the development of professional managers who would look after the interests of society. As economic and shareholder theories influenced business education, firm performance became the manager’s top – if not only – priority. The economic responsibility of the firm also appears to be dominating scholarly interest in organisations as well. However, business firms constitute part of the fabric of society and closer attention should be paid by organisation researchers to the social responsibilities of the firm. In doing so, a more balanced research approach can be achieved. In this article, we give evidence that research within the study of the organisation, specifically in the field of management, has predominately turned its attention to the economic responsibility of the firm. We close by demonstrating that other fields within organisation research also appear to be favouring the study of performance and we offer suggestions as to how scholars might better address the firm’s role in society beyond its economic responsibility.

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Authors and Affiliations

  1. Corporate Governance and Social, Responsibility Research Unit, Graduate School of Business, Curtin University of Technology, 70 Murray Street, Perth, 6000, Western Australia

    Jeremy Galbreath

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  1. Jeremy Galbreath
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Correspondence to Jeremy Galbreath.

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Jeremy Galbreath is a Postdoctoral Fellow at Curtin University of Technology where he is studying corporate social responsibility (CSR). He has published extensively, with over 50 articles in print and 3 book chapters. Dr. Galbreath's research and teaching focuses on strategic management, the resource-based view of the firm, corporate social responsibility, stakeholder management, the ethicality of profit making strategies, intellectual capital and information technology.

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Galbreath, J. Are Organisation Researchers too Obsessed with the Economic Responsibility of the Firm?. J Bus Ethics 65, 287–295 (2006). https://doi.org/10.1007/s10551-006-0008-3

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