By William D. Nelson
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Additional resources for Advances in Business & Management: Volume 2 (Advances in Business and Management)
Shareholder etc.  spanning Spanning Themes Character: virtue, wisdom Intention: goodwill, freewill Emotions: sentiments, passions etc. Figure 3. A stable framework Many other discussions of business ethics have focused upon a relatively stable set of topical themes such as technology, money, finance, poverty, property-rights and the environment (or health and safety) as well as globalization or international trade. These themes are ―topical‖ in the sense that they are often newsworthy, but they also endure as ―topics‖ of scholarly research.
Good prior intentions can always change when unforeseen circumstances occur. It has already be noted that legal contracts can be expensive, inherently incomplete, possibly unverifiable and subject to the particularities of the addressed legal system. On top of this, too much emphasis on formal Transaction Management: Value Creation by Reducing Transaction Costs 23 trust might hurt informal trust. When relationships are guided by too much formal trust, based on extrinsic motivations, this can ―crowd-out‖ informal trust which relies on intrinsic motivation (Tyler, 1998; Ostrom, 2000; Frey and Jegen, 2001; Bénabou and Tirole, 2003).
TYPE Informing Spanning Synthesising Separating Re-casting Capturing Combining DESCRIPTION A topical theme is informed by component -poles(s), spanning theme(s), or other types (refer to Figure 3 & 4) A spanning-theme is developed, or linked to some bi-polar components or topical-theme(s) (refer to Figure 3 & 4) The poles of selected bi-polar component(s) are unified or synthesized Concepts from only one side of the framework are linked and used to inform topical-theme(s) A claim that a particular component or spanning-theme yields superior insights or is persuasive Ethical categories are explained in terms of rational utility maximization, as in game theory Two or more components or themes are explored jointly, opening up a space for inquiry Next, in capturing-type contributions, moral categories such as altruism, guilt, gratitude and justice are discussed and analysed mathematically in terms of preference relations, as in game theoretic models.