SOME ARGUMENTS

for managing for stakeholders

From consequences
Managing for stakeholders may actually produce better consequences for all
stakeholders because it recognizes that stakeholder interests are joint.

From Rights
The dominant story gives property rights in the corporation exclusively to
shareholders and the natural question arises about the rights of other stakeholders
who are affected

From Characters
The business virtues of efficiency, fairness, respect, integrity, keeping commitments,
and others are all critical in being successful at creating value for stakeholders

Pragmatis Arguments
For the pragmatist, business (and capitalism) has evolved as a social practice; and
important one that we use to create value and trade with each other.