ABSTRACT The paper identifies epistemological, theoretical and methodological problems in a potentially influential subset of the interdisciplinary corporate responsibility literature, being that which,appears,in the management,literature. The received,conceptualisation of stakeholder analysis is criticised by identifying,six sets of factors conventionally considered as promoting social responsibilities in the firm: inter -organizational factors, economic competitors, institutional investors, end -consumers, government regulators and non- governmental organizations. Each is addressed on conceptual grounds, its empirical salience interms,of the,latest relevant research and prospects to be,a significant factor in promoting outcomes,consistent with social welfare. Despite obvious,antagonistic relations between organization-centred,economic,objectives,and,extra-organizational-directed,social considerations, the huge body of research we address drifts in a disengaged Sargasso Sea. Addressing the impasse between research and practice, the paper considers directions for business ethics/responsibility/corporate citizenship research in such,as the,work,of Foucault on moral leadership, of Freire on moral courage, and of Bourdieu on academic leadership. Ashridge Business School UK - http://www.ashridge.org.uk 1