Business Ethics in the Social Context by Lisa Newton download in pdf, ePub, iPad
The common way of speaking about the agency and responsibility of firms may be metaphorical, or a shorthand way of referring to the agency and responsibility of individuals within firms. To its critics, stakeholder theory has seemed both insufficiently articulated and weakly defended.
The problem may be that Staples and others engaged in this practice without disclosing it. It is difficult to define manipulation precisely, though many attempts have been made see, e. Other writers challenge these claims. Their question is typically whether, when, and how socially responsible actions benefit firms financially.
If you have good reason to believe that your adversary in a negotiation is misstating her bargaining position, then you are permitted to misstate yours. For a discussion of this issue, see the entry on loyalty. Ethics are the rules or standards that govern our decisions on a daily basis. But the moral status of it is less clear. Efforts to increase artificially the wages of sweatshop workers, according to these writers, is misguided on two counts.
Many business ethicists make this assumption on the grounds that employees have a pro tanto duty of loyalty to their firms see, e. While granting that workers choose to work in sweatshops, they deny that their choices are voluntary D. This view comes in two versions. This has been observed as a major form of misconduct in businesses today. In my judgment, intellectual property rights also fail to pass this test.
Values which guide how we ought to behave are considered moral values, e. Does corporate social performance improve corporate financial performance, i. Such acts include harassing, using profanity, threatening someone physically and insulting them, and being annoying.
Often the best way to ensure that a firm is managed in the interests of a certain party P is to give P control over it. In some cases these standards are mandatory e. This is a missed opportunity. When we do so, he says, we cede a portion of the public sphere to private actors. Two issues often discussed in connection with international business are not treated in this section.
Sellers of goods have some flexibility about how to price goods. But while organizations like the Republican Party and the Sierra Club are suitable participants in the political arena, it is not clear that organizations like Merck or Wal-Mart are. For further discussion, see the entry on discrimination.
They do this in a way that can hide their true character and intentions within a company. This is reflected in the attendees of academic conferences in business ethics and the types of articles that are published in business ethics journals.
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