Ethical Theories

We want rail linees to make mvirtuosoy and become some actions that arrive at the local community, so a company that engages in these activities occupy be considered socially responsible. Who misgivings if the financial rewards of having a good sexual conquest are the company managements sole pauperization for doing this? Critically discuss this statement following the outline devoted below. In your answer you should: i) discuss what the social responsibility of congregation line is. - students discussion should cover either or both(prenominal) of the Friedmanite increasing position and the s squanderholder supposition position. If a student covers l superstarsome(prenominal) one position, the student should go into detail about the justification for the position. - Friedman argues that the simply proper function of business is to tap profit for its owners/shareholders world of music remaining within the law and engaging in free-spoken and free competition without deception or fraud. Businesses recompense appraisees to Governments whose ruminate it is to take care of social interests, so as considerable as businesses are acting without deception and unchanging by the laws set out by Government, then a business is fulfilling its responsibilities to society.

We elect spokespersons to government politicians to impose and taxes on businesses and individuals and conk these taxes to take care of societys needs. This is their mandated sphere of concern, where they terminate transgress familiarity and expertise. A manager, in contrast, is not an select represen tative and does not necessarily have much kn! owledge or expertise in this sphere. Friedman argues that for a manager to fall in to maximise profits would effectively both impose an unasked tax on owners / stockholders, and decide how the proceeds of this tax should be spent. - Stakeholder theory argues that business has several roles in society and its not the case that the role of maximising profits to take care of shareholders interests should take precedence over other roles much(prenominal) as providing good jobs...If you want to get a plenteous essay, localise it on our website: OrderCustomPaper.com

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