Online from: 1974
Subject Area: Economics
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|Title:||Justice in entrepreneurial organizations|
|Author(s):||Scott L. Newbert, (Villanova School of Business, Villanova University, Villanova, Pennsylvania, USA), Michael D. Stouder, (School of Business, George Washington University, Washington, DC, USA)|
|Citation:||Scott L. Newbert, Michael D. Stouder, (2011) "Justice in entrepreneurial organizations", International Journal of Social Economics, Vol. 38 Iss: 5, pp.453 - 465|
|Keywords:||Entrepreneurialism, Ethics, Political theory|
|Article type:||Conceptual paper|
|DOI:||10.1108/03068291111123147 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
Purpose – Justice is a traditional and central moral criterion in society, and is determined, expressed, and assessed differently in different social settings. The purpose of this paper is to propose a justice perspective from contemporary political philosophy in order to explore and prescribe ethical justice behavior in the context of entrepreneurial firms.
Design/methodology/approach – John Rawls' influential political theory of justice is examined and then discussed as a potential guide for the ethical decision making of founders of new organizations.
Findings – The empirical realities of entrepreneurs are curiously analogous to Rawlsian choosers in the original position as they operate under a similar veil of ignorance. As a development of the authors' argument, three entrepreneur-inspired justice principles are suggested.
Social implications – A society of entrepreneurs who value fairness with regard to their stakeholders is likely to shape the business environment in ways that figure into assumptions of business decisions for all organizations, which may in turn result in a society in which all organizational stakeholders are treated fairly.
Originality/value – The paper shows that a Rawlsian justice perspective is plausible, illuminating, and potentially useful when applied to the entrepreneurial context.
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