The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
Toward a theory of business
Open accessAbstract
What is the purpose of business? While most agree that business minimally involves the creation of value, a blurred double image of value haunts our discussion of purpose. The image of what counts as value for a single firm is laid atop an image of what counts as value for business in general. These two images cannot match. Indeed, the resulting conceptual blurriness is a classic example of a composition fallacy. We should never mistake the properties of a part for the properties of the whole. A theory of the firm is ill equipped to handle the many expectations we hold for business practice. As such, we seek to establish the beginnings of a theory of business, one that is both empirical and normative. Offering four central propositions about the purpose, accountability, control and success of business, we close with a consideration of several important theoretical issues and practical opportunities that await us in the years ahead.
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Cites
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Stahl, G. K., Brewster, C. J., Collings, D. G., & Hajro, A. (2020) · Human Resource Management Review · doi:10.1016/j.hrmr.2019.100708 · Cited by 502
HRM institutional entrepreneurship for sustainable business organizations
Ren, S., & Jackson, S. E. (2020) · Human Resource Management Review · doi:10.1016/j.hrmr.2019.100691 · Cited by 175
Theory Assessment and Agenda Setting in Political CSR: A Critical Theory Perspective
Scherer, A. G. (2018) · International Journal of Management Reviews · doi:10.1111/ijmr.12137 · Cited by 149
Achieving sustainable development goals through common-good HRM: Context, approach and practice
Aust, I., Cooke, F. L., Muller-Camen, M., & Wood, G. (2024) · German Journal of Human Resource Management: Zeitschrift für Personalforschung · doi:10.1177/23970022241240890 · Cited by 63
What we talk about when we talk about stakeholders
Johnson-Cramer, M. E., Phillips, R. A., Fadlallah, H., Berman, S. L., & Elms, H. (2022) · Business & Society · doi:10.1177/00076503211053005 · Cited by 31
Metadata
- Authors
- Donaldson, T., & Walsh, J. P.
- Venue
- Research in Organizational Behavior
- Publisher
- Elsevier BV
- Published
- 2015
- Volume
- 35
- Pages
- 181-207
- ISSN
- 0191-3085 (ISSN-L)
- OpenAlex
- W2219606438
- Cited by
- 283
- References
- 9
- FWCI
- 54.03
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
