1. Business and the Common Good: A Moral View of Corporate Purpose.
- Author
-
George, Gerard, Fewer, Thomas John, and Dupont, Quentin
- Abstract
There is a growing expectation that businesses take more active roles in addressing societal problems. Recent scholarship further endorses the idea of corporate purpose, which implicitly assumes a form of moral responsibility towards society. By drawing from the philosophical doctrines of the common good, we offer a moral view of corporate purpose. We conceptualize the common good as a multidimensional construct that draws from three moral perspectives, substantive, procedural, and consequential, where all three are jointly necessary but individually insufficient to explain the moral view of corporate purpose. We explain how the dimensions underlying each of these perspectives of common good could serve as a rubric for decision-making through the process of framing, formalizing, and realizing corporate purpose. We develop a research and practice agenda that provide tests of the common good as applied to a firm's governance, actions, and outcomes. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF