Final answer:
The ethics of care supports the stakeholder perspective in management, emphasizing the importance of caring for the interests of all stakeholders within a business environment.
Step-by-step explanation:
The ethics of care may help managers utilize the stakeholder perspective. This approach to ethics emphasizes the importance of subjective factors, the specifics of concrete situations, and the relationships between individuals rather than abstract principles. Although it can be associated with deontological principles, utilitarianism, and the principle of rights, the ethics of care is most closely related to the stakeholder perspective in that it takes into consideration the interests and well-being of all stakeholders rather than just following rigid rules or solely focusing on outcomes (as with utilitarianism).
The ethics of care, developed by Carol Gilligan and later expanded by Nel Noddings, suggests that traditional moral frameworks like deontology or consequentialism do not sufficiently account for the nuances of human relationships and the context-specific nature of ethical decisions. Care ethics encourages a relational and situational approach where values such as compassion, empathy, and responsibility are paramount and the relational aspect of decision making is central.
Stakeholder theory aligns with care ethics in the business context. It supports managers in considering not just the profit motives for shareholders but also the impacts of their decisions on all parties with a stake in the business—customers, employees, communities, and the environment.