Edited by Oliver Laasch, Roy Suddaby, R. E. Freeman and Dima Jamali
Chapter 8: From management sucks to responsible management rocks!
Edward (Ed) Freeman, often called the father of stakeholder theory, is arguably one of the most influential and prolific thinkers in business ethics and corporate social responsibility. Here, he translates key ideas from his work to the context of responsible management. Ed discusses how responsible management might help to overcome the ‘management sucks’ narrative by reinventing management. First, bringing management and responsibility together in responsible management may help to overcome the management-responsibility separation. Second, to create managerial freedom enabled by a mesh of stakeholder relations helps to overcome the manager-against-them separation. Third, rethinking the role of money from being the purpose of management, to being an enabler for realizing responsible management’s social purpose, reduces the managerial stigma of being a soulless mercenary. Finally, we discuss how these three shifts towards responsible management have the potential to transform the dominant narrative from ‘management sucks’ to ‘responsible management rocks’.
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