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Stakeholder Capability Enhancement as a Path to Promote Human Dignity and Cooperative Advantage

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  • Westermann-Behaylo, Michelle K.
  • Van Buren, Harry J.
  • Berman, Shawn L.

Abstract

Promoting dignity is at the heart of the human capability approach to development. We introduce the concept of stakeholder capability enhancement, beginning with a discussion of the capability approach to development proposed by Sen (1985) and further advanced by Nussbaum (1990) to incorporate notions of dignity. Thereafter follows a review of the literature on value creation stakeholder management and convergent stakeholder theory (Freeman, 1984; Freeman, Harrison, Wicks, Palmer, & DeColle, 2010; Harrison & Wicks, 2013; Jones & Wicks, 1999), as the foundation for our concept of stakeholder capability enhancement. The remainder of this article develops a model that integrates stakeholder management with the human capability approach to detail the cooperative advantage that accrues to business and its stakeholders, as well as the gains in social wellbeing and dignity, when stakeholder capability enhancement becomes a common enterprise strategy. The model also explores the risks and boundary conditions firms face when seeking to profit from stakeholder capability tradeoffs. In explaining the model, we explore normative responsibilities and consequences with regard to human capabilities and dignity. We conclude with implications for future research.

Suggested Citation

  • Westermann-Behaylo, Michelle K. & Van Buren, Harry J. & Berman, Shawn L., 2016. "Stakeholder Capability Enhancement as a Path to Promote Human Dignity and Cooperative Advantage," Business Ethics Quarterly, Cambridge University Press, vol. 26(4), pages 529-555, October.
    • Handle: RePEc:cup:buetqu:v:26:y:2016:i:04:p:529-555_00
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    Cited by:

    1. Roberta Sferrazzo & Renato Ruffini, 2021. "Are Liberated Companies a Concrete Application of Sen’s Capability Approach?," Journal of Business Ethics, Springer, vol. 170(2), pages 329-342, May.
    2. César González-Cantón & Sonia Boulos & Pablo Sánchez-Garrido, 2019. "Exploring the Link Between Human Rights, the Capability Approach and Corporate Responsibility," Journal of Business Ethics, Springer, vol. 160(4), pages 865-879, December.
    3. Magali Fia & Lorenzo Sacconi, 2019. "Justice and Corporate Governance: New Insights from Rawlsian Social Contract and Sen’s Capabilities Approach," Journal of Business Ethics, Springer, vol. 160(4), pages 937-960, December.
    4. Schembri, Joe & Tang, Yee Kwan & Fletcher, Margaret & Dimitratos, Pavlos, 2019. "How do European trade promotion organisations manage their stakeholders?," International Business Review, Elsevier, vol. 28(6), pages 1-1.
    5. Pablo Rodrigo & Ignacio J. Duran, 2021. "Why Does Context Really Matter? Understanding Companies’ Dialogue with Fringe Communities," Sustainability, MDPI, vol. 13(2), pages 1-26, January.

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