A resource-based-view of the socially responsible firm: Stakeholder interdependence, ethical awareness, and issue responsiveness as strategic assets

In recent years the resource-based view of the firm has made significant headway in explaining differences in interfirm performance. However, this perspective has not considered the social and ethical dimensions of organizational resources. This paper seeks to provide such an integration. Using Kuhn...

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Bibliographic Details
Main Author: Litz, Reginald A. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1996
In: Journal of business ethics
Year: 1996, Volume: 15, Issue: 12, Pages: 1355-1363
Further subjects:B Adaptive Behavior
B Prospect Theory
B Business Ethic
B Issue Management
B Economic Growth
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Summary:In recent years the resource-based view of the firm has made significant headway in explaining differences in interfirm performance. However, this perspective has not considered the social and ethical dimensions of organizational resources. This paper seeks to provide such an integration. Using Kuhn's three stage model of adaptive behavior, the resource worthiness of stakeholder management, business ethics, and issues management are explored. The paper concludes by drawing on prospect theory to understand the reasons for this conceptual lacuna.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00411820