Detailing the Stakeholder Theory of Management in the AI World: A Position Paper on Ethical Decision-Making

Abstract

Ademola, O. E. Professor, American International University West Africa College of Management and Information Technology Banjul, The Gambia E-mail: ademolaeo@p-acc.co.uk ABSTRACT As artificial intelligence (AI) technology continues to proliferate across various industries, the ethical implications of its development and deployment have come under scrutiny. In this position paper, we delve into the application of stakeholder theory in the AI world, with a focus on ethical decision-making processes. Drawing on academic literature and real-world examples, we examine how stakeholder theory can guide organizations and policymakers in navigating the complex ethical landscape of AI technology. By considering the perspectives and interests of various stakeholders, we argue that a stakeholder-centred approach is crucial for ensuring that AI is developed and utilized in a responsible and ethical manner. Keywords: Artificial Intelligence, Stakeholder Theory, Ethics, Decision-Making, Management Keywords: Theoretical Evaluation, Social Media, Entrepreneurial Opportunity, Evaluation, Business, Artificial Intelligence Journal Reference Format: Ademola, O.E. (2024): Detailing the Stakeholder Theory of Management in the AI World: A Position Paper on Ethical Decision-Making. Social Informatics, Business, Politics, L:aw, Environmental Sciences & Technology Journal. Vol. 10, No. 1. Pp 1-8 www.isteams/socialinformaticsjournal. dx.doi.org/10.22624/AIMS/SIJ/V10N1P1