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On integrative social contracts theory and corporate decision‐making in a polarized political economy
Author(s) -
Baird Catharyn,
Mayer Don
Publication year - 2021
Publication title -
business and society review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 21
eISSN - 1467-8594
pISSN - 0045-3609
DOI - 10.1111/basr.12223
Subject(s) - politics , business , process (computing) , control (management) , law and economics , social contract , economics , political science , management , law , computer science , operating system
The priority rules in Donaldson and Dunfee's Integrative Social Contracts Theory (ISCT) provide a useful tool for firms facing polarizing social issues in the United States. ISCT and its priority rules are applied here to divisive social issues such as contraception, gun control, and LGBTQ rights. The ISCT process also benefits firms that serve parts of the world where norms are evolving, and can help firms clarify and communicate their own values.