Metodo

International Studies in Phenomenology and Philosophy

Series | Book | Chapter

210167

Globalization, mental models and decentering stakeholder approaches

Patricia Werhane

pp. 129-144

Abstract

Taking the initiative from Freeman's note in his 1984 book, Strategic Management, that "[o]rganizations are complex phenomena and to analyze them with the organization in the middle … does not do justice to the subtlety of the flavors of organizational life" (Freeman, 1984; 2010, 216), Werhane suggests that there are many possible formulations or models of stakeholder graphics. The "traditional" graphic, with the firm in the center, she suggests, may tend to overexaggerate the importance of the organization, which after all is part of a larger set of economic systems. If one reformulates that graphic and puts other stakeholders in the center, this changes the focus and the mindset of any viewer. If the center is removed altogether, she contends, there is a better – more realistic – image, model or mindset of the company, its stakeholders, and its responsibilities within the global set(s) of economic systems and cultures.Original publication: Werhane, Patricia H. "Globalization, Mental Models and Decentering Stakeholder Approaches." In Stakeholder Theory: Impact and Prospects, edited by Robert Phillips, 111–129. Cheltenham, UK: Elgar Publishers, 2011. ©2011 Reprinted with permission.

Publication details

Published in:

Bevan David, Wolfe Regina W (2019) Systems thinking and moral imagination: rethinking business ethics with Patricia Werhane. Dordrecht, Springer.

Pages: 129-144

DOI: 10.1007/978-3-319-89797-4_8

Full citation:

Werhane Patricia (2019) „Globalization, mental models and decentering stakeholder approaches“, In: D. Bevan & R.W. Wolfe (eds.), Systems thinking and moral imagination, Dordrecht, Springer, 129–144.