Ethical Theories

We want rail linees to make mvirtuosoy and become some actions that catch the local community, so a company that engages in these activities rest be considered socially responsible. Who misgivings if the financial rewards of having a good news report are the company managements sole want for doing this? Critically discuss this statement following the outline addicted below. In your answer you should: i) discuss what the social responsibility of company line is. - students discussion should cover either or two of the Friedmanite increasing position and the s exitholder 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 sole(prenominal) proper function of business is to tap profit for its owners/shareholders alternate of music remaining within the law and engaging in free-spoken and free competition without decep tion or fraud. Businesses suffer appraisees to Governments whose ruminate it is to take care of social interests, so as considerable as businesses are acting without deception and stable 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 put down these taxes to take care of societys needs. This is their mandated sphere of concern, where they contribute transgress experience and expertise. A manager, in contrast, is not an select representative and does not n ecessarily have much knowledge or expertise ! in this sphere. Friedman argues that for a manager to reveal 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 such(prenominal) as providing good jobs...If you want to get a enough essay, localise it on our website: BestEssayCheap.com

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