Abstract
The purpose of this paper is to analyze the role of values in strategic management. We discuss recent criticisms of the concept of strategy and argue that the concept of value helps reconcile these criticisms with traditional models of strategy. We show that Andrews’ model of corporate strategy rightly takes morally significant values to be essential to effective management. We show how the notion of value can be clarified and used in research into various conceptions of corporate morality.
Originally published in: J Bus Ethics, 7(11), 821–834 © Springer, 1988
Reprint by Springer, https://doi.org/10.1007/BF00383045
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Freeman, R.E., Gilbert, D.R., Hartman, E.M. (2023). Values and the Foundations of Strategic Management. In: Dmytriyev, S.D., Freeman, R.E. (eds) R. Edward Freeman’s Selected Works on Stakeholder Theory and Business Ethics. Issues in Business Ethics(), vol 53. Springer, Cham. https://doi.org/10.1007/978-3-031-04564-6_23
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