We appreciate the opportunity to engage in this dialogue with Weitzner and Deutsch (2019) to clarify the meaning and intent of some of the arguments found in our article, “How Applying Instrumental Stakeholder Theory Can Provide Sustainable Competitive Advantage” (Jones, Harrison, & Felps, 2018). We are grateful for the high praise from the authors regarding the rigor and logic of our applications of resource-based criteria to instrumental stakeholder theory (IST). We begin this response by highlighting a few areas of agreement, followed by some points where we disagree.
Copyright © 2019 Academy of Management Review. This article first appeared in Academy of Management Review 44: 3 (2019), 698-700.
Please note that downloads of the article are for private/personal use only.
Harrison, Jeffrey S., Will Felps, and Thomas M. Jones. “Instrumental Stakeholder Theory Makes Ethically Based Relationship Building Palatable to Managers Focused on the Bottom Line.” Academy of Management Review 44, no. 3 (July 1, 2019): 698–700. https://doi.org/10.5465/amr.2018.0442