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The common good of the company and the theory of organization

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  • Argandoña, Antonio

    (IESE Business School)

Abstract

The concept of common good occupies a prominent place in political and social philosophy, yet it has had little impact on the theory of the firm. This is despite some recent attempts to resituate the theory of the firm on broader and therefore more fruitful anthropological and social foundations than those of traditional economic theory. The present study connects with other discussions of organization theory based on the ideas of Aristotle and Thomas Aquinas and is an attempt to explain how the concept of common good may be used to broaden the foundations of organization theory.

Suggested Citation

  • Argandoña, Antonio, 2009. "The common good of the company and the theory of organization," IESE Research Papers D/777, IESE Business School.
    • Handle: RePEc:ebg:iesewp:d-0777
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    File URL: http://www.iese.edu/research/pdfs/DI-0777-E.pdf
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    References listed on IDEAS

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    1. Hector O. Rocha & Sumantra Ghoshal, 2006. "Beyond Self‐Interest Revisited," Journal of Management Studies, Wiley Blackwell, vol. 43(3), pages 585-619, May.
    2. Joan Fontrodona & Alejo Sison, 2006. "The Nature of the Firm, Agency Theory and Shareholder Theory: A Critique from Philosophical Anthropology," Journal of Business Ethics, Springer, vol. 66(1), pages 33-42, June.
    3. Mahon, John F. & McGowan, Richard A., 1991. "Searching for the common good: A process-oriented approach," Business Horizons, Elsevier, vol. 34(4), pages 79-86.
    4. Peter Koslowski, 2006. "The Common Good of the Firm as the Fiduciary Duty of the Manager," Palgrave Macmillan Books, in: G. J. Deon Rossouw & Alejo José G. Sison (ed.), Global Perspectives on Ethics of Corporate Governance, chapter 0, pages 67-76, Palgrave Macmillan.
    5. Argandoña, Antonio, 2007. "Anthropological and ethical foundations of organization theory," IESE Research Papers D/707, IESE Business School.
    6. Antonio Argandoña, 2008. "Integrating Ethics into Action Theory and Organizational Theory," Journal of Business Ethics, Springer, vol. 78(3), pages 435-446, March.
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    Cited by:

    1. Ismail, Abdul Ghafar & Zali, Nor Azmidah, 2015. "Ethics in Relation to Islamic Finance Activities," Working Papers 1435-7, The Islamic Research and Teaching Institute (IRTI).
    2. Argandoña, Antonio, 2009. "Can corporate social responsibility help us understand the credit crisis?," IESE Research Papers D/790, IESE Business School.

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    More about this item

    Keywords

    Catholic social teaching; Common good; Company; Goods; Organization; Organization theory;
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