Managing Competing Interests: A Review of Ethics in Military Procurement. (12th September 2017)

• Record Type: Journal Article
• Authors: King, David R.; Sekerka, Leslie E.
• Is Part Of: Public integrity. Volume 19:Number 5(2017)
• Page Start: 444
• Page End: 468
• Publication Date: 2017-09-12
• Subjects: agency theory -- competing interests -- conflicts of interest -- ethics -- military procurement -- organizational theory -- stakeholder theory; Civil service ethics -- United States -- Periodicals; Public administration -- Moral and ethical aspects -- United States -- Periodicals; Political ethics -- United States -- Periodicals; Civil service ethics -- Periodicals; Public administration -- Moral and ethical aspects -- Periodicals; Political ethics -- Periodicals; Civil service ethics; Political ethics; Public administration -- Moral and ethical aspects; United States; PUBLIC ADMINISTRATION; CIVIL SERVICE; MORAL ASPECTS; POLITICAL ETHICS; Periodicals; 172
• DOI: 10.1080/10999922.2016.1276789
• Languages: English
• ISSNs: 1099-9922

Abstract

Abstract : Conflicts of interest represent an increasing problem in organizations, given the expansion of stakeholder concerns, needs, and expectations. Existing remedies to address these conflicts largely involve aligning management incentives with the interests of investors, or recusing parties with special interests from the decision-making effort. Both focus on a dyad between the primary stakeholder and the decision-maker. However, increasingly complex situations involving multiple stakeholders exist. The added complexity of considering multiple stakeholders heightens uncertainty that can facilitate the pursuit of self-interest. Ironically, a potential remedy may involve ensuring the presence of competing interests. A review of military procurement suggests that competing interests can mitigate self-interest.