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Moral Commitments and the Societal Role of Business: An Ordonomic Approach to Corporate Citizenship

Published online by Cambridge University Press:  23 January 2015

Ingo Pies ,
Stefan Hielscher  and
Markus Beckmann
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Abstract

This article introduces an “ordonomic” approach to corporate citizenship. We believe that ordonomics offers a conceptual framework for analyzing both the social structure and the semantics of moral commitments. We claim that such an analysis can provide theoretical guidance for the changing role of business in society, especially in regard to the expectation and trend that businesses take a political role and act as corporate citizens. The systematic raison d'être of corporate citizenship is that business firms can and—judged by the criterion of prudent self-interest—“should” take on an active role in rule-finding discourses and rule-setting processes with the intent of realizing a win-win outcome of the economic game. We identify—and illustrate—four ways that corporate citizens can employ moral commitments as a factor of production to enhance their processes of economic value creation.

Type
Articles
Information
Business Ethics Quarterly , Volume 19 , Issue 3 , July 2009 , pp. 375 - 401
Copyright
Copyright © Society for Business Ethics 2009

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