Pragmatic Apparatus – How Values Ground Value Creation: The practical inference framework

Cited by Lee Sonogan

Focus on Value Call

Abstract by choice, epistemology, ethics, philosophy, phronesis, practical reason, theoretical reasoning, value creation

After more than two decades of searching, the holy grail of integrating norms into management and organization research remains elusive. Researchers still lack a clear framework that explains value creation in relation to normative values, and, in turn, a means to incorporate values into research methods and generate value-based practical insights. To fill that need, this article presents an epistemological framework for understanding value creation. The practical inference framework centers on the activity of practical reasoning, a kind of reasoning that is legitimized by intrinsic values. It turns the ordinary epistemic equation on its head by seeking reasons rather than causes, and justifications rather than descriptions. In doing so, it shows how both factor analytic and newer, divergent methods of research can integrate with a robust architecture of value creation in ways that offer relevant knowledge for managers and society.

Publication: Organization Theory (Peer-Reviewed Journal)

Pub Date: Aug 12, 2021 Doi: https://doi.org/10.1177/26317877211036712

Keywords: choice, epistemology, ethics, philosophy, phronesis, practical reason, theoretical reasoning, value creation

https://journals.sagepub.com/doi/full/10.1177/26317877211036712 (Plenty more sections and references in this researcg article)

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