Abstract
A firm's enterprise strategy denotes what a firm stands for. Despite its importance, there has been little research on this topic. Fur thermore, the theoretical bases underlying the existing approaches to en terprise strategy suffer from several limitations. In view of these short comings, this paper invokes Amartya Sen's Capabilities Approach (SCA) and its notion of justice as freedom as a normative foundation of enter prise strategy. Toward this end, it integrates different streams in the stake holder theory/business ethics and economics literature. It focuses on the stakeholder capability of having a voice, and the managerial capability of using the knowledge to provide stakeholders a voice and freedom.
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