Values and the foundations of strategic management

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...

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Bibliographic Details
Authors: Freeman, R. Edward (Author) ; Gilbert, Daniel R. (Author) ; Hartman, Edwin (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1988
In: Journal of business ethics
Year: 1988, Volume: 7, Issue: 11, Pages: 821-834
Further subjects:B Recent Criticism
B Traditional Model
B Effective Management
B Strategic Management
B Economic Growth
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Summary: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.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00383045