Research Handbook of Responsible Management
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Research Handbook of Responsible Management

Edited by Oliver Laasch, Roy Suddaby, R. E. Freeman and Dima Jamali

Outlining origins of the field and latest research trends, this Research Handbook offers a unique and cutting-edge take on the numerous avenues to responsible management in the 21st century. Renowned contributors present iconic viewpoints that have formed the foundation of responsible management research, introducing cutting-edge conceptual lenses for the study of the responsible management process.
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Chapter 8: From management sucks to responsible management rocks!

R. Edward Freeman and Oliver Laasch

Abstract

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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