Question
There are two opposing views about how businesses, and large publicly held corporations in particular, should approach ethics and social responsibility. One view holds that
There are two opposing views about how businesses, and large publicly held corporations in particular, should approach ethics and social responsibility. One view holds that businesses should behave ethically within the marketplace but concern themselves only with serving shareholders and other investors. This view places economic considerations above all others. The other view is that stakeholders are not the means to the end (profit) but are ends in and of themselves as human beings (see our earlier discussion of deontological ethics in Ethics from Antiquity to the Present). Thus, the social responsibility of business view is that being responsible to customers, employees, and a host of other stakeholders should be not only a corporate concern but central to a business's mission. In essence, this view places a premium on the careful consideration of stakeholders. Consider what approach you might take if you were the CEO of a multinational corporation
https://youtu.be/1bpf_sHebLI
1. Would your business be driven primarily by a particular social mission or simply by economics?
2. How do you think stakeholder relationships would influence your approach to business? Why?
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