Value Creation as Business Commitment to Responsible Consumption
The Contribution of Love, and Hate, to Organizational Ethics
ISBN: 978-1-78635-504-1, eISBN: 978-1-78635-503-4
Publication date: 26 October 2016
Abstract
In this paper we propose a typology of firm-stakeholder relationships based on four different states of consumption, leading to a new model of business commitment to responsible consumption. In developing this typology, we apply a physiological theory of consumption to define business as a nexus of activities capable of producing four different types of value: subsistence, growth, indifference and excess. The model represents a more coherent conceptualization of business management, drawing upon long-term multi-dimensional value management in firm-stakeholder relations. Thus, in our model, we establish normative connections between value creation and responsible consumption, and indicate more specific measures of value creation for stakeholders, by promoting subsistence and growth, and discouraging indifference and excess. We are thus taking value creation stakeholder theory one step further, by exploring how different levels of value or utility could inform integrative, convergent value creation processes within the firm as a network of stakeholders.
Keywords
Citation
Neesham, C. and Freeman, S. (2016), "Value Creation as Business Commitment to Responsible Consumption", The Contribution of Love, and Hate, to Organizational Ethics (Research in Ethical Issues in Organizations, Vol. 16), Emerald Group Publishing Limited, Leeds, pp. 207-229. https://doi.org/10.1108/S1529-209620160000016008
Publisher
:Emerald Group Publishing Limited
Copyright © 2016 Emerald Group Publishing Limited