Abstract
The chapter examines various approaches to normative foundations of business ethics developed since the 1970s: early CSR arguments, Carrol’s pyramid, Milton Friedman’s argument, stakeholder theory, integral social contracts theory, methodological pragmatism, and others. Every theory is analyzed through the lens of scientific methodology: accurate terminology, correct logics, and empirical verification.
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Notes
- 1.
The problem of defining the methodological nature of stakeholder theory—if it is an instrumental framework for strategic management , a normative explanation of manager’s responsibilities, or a descriptive theory of real managers’ behavior—remained a disputed issue for many years. We discussed this issue in this chapter. Here, we would like to focus on the normative part of the stakeholder theory.
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Storchevoy, M. (2018). Business Ethics: Normative Approaches. In: Business Ethics as a Science. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-68861-9_4
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DOI: https://doi.org/10.1007/978-3-319-68861-9_4
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