Freeman and Friedman offering opposing views to answer the question “What is business’s responsibility?” Freeman puts forth what he calls the “stakeholder theory” while Friedman advocates for the “stockholder theory.” Freeman’s stakeholder theory identifies different “stakes” that influence an organization. Each of these parts is integral to the well-functioning of the organization. Included in these categorizations are employees‚ shareholders‚ communities‚ and customers. Freeman advises organizations
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Professor Robert G. SSC 102 August 19‚ 2012 Paper 3 Thomas Friedman presented the “Dell Theory of Conflict Prevention” in his book‚ The World is Flat. Previously called the “Golden Arches Theory of Conflict Prevention”‚ the theory holds that no two countries involved in a major global supply chain‚ like Dell or McDonalds‚ will ever engage in a war with each other as long as they both remain part of the same chain (Friedman). So‚ any time a powerful corporation operates in countries other
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Ethical Perspective The ethical perspective of an individual has a profound affect on how he lives his life. Ethical perspective can be that of character‚ obligation‚ results‚ or equity; or C.O.R.E.. An individual may fall into one of these perspectives or may be blended between two or more. An individual’s ethical perspective can be reflected in the culture of their organization and determines how they handle ethical situations on a daily basis. My personal ethical perspective is substantially
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Friedman: The purpose of a business is to maximize profits while adhering to law and ethics. Primarily‚ this argumentation is based on the notion that corporations‚ as legal persons‚ cannot have responsibilities like natural persons. Secondary‚ Friedman’s argumentation is based on the principle of ownership and employment. By not complying with the duty of serving the owners’ interest (maximum profit)‚ a manager would allocate resources artificially and arbitrarily. This spending would be unjust
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Ethical Perspective In the following paper I am going to describe the four different ethical perspectives. I will start by describing my own personal ethical perspective as described by the University of Phoenix Ethical Awareness Inventory. After I describe my personal ethical perspective I will evaluate all four of the ethical perspectives starting with character/virtue based. I will then continue with obligation/ deontology based and results/utilitarianism based. I will conclude with a brief description
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Ethical Perspective MGT 344 W3 Individual Assignment University of Phoenix Darrell DiFabio October 20‚ 2008 Ethical Perspective Introduction Ethics can be defined as a philosophical study of moral values based on the concept of right and wrong. Therefore‚ ethical perspective could be considered as a person’s individual perception of moral values‚ beliefs and rules based on his or her personal view of right and wrong. The Ethics Awareness Inventory is a test devised to help individuals
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Ethical Perspective Ethical perspectives and styles vary among individuals. All types of ethical decisions‚ personal and business‚ are based on individual ethical perspectives and styles. The four prominent categories of ethical philosophy consist of character/virtue‚ obligation/deontology‚ results/utilitarianism‚ and equity/relativism. These ethical perspectives‚ when assessed correctly‚ can provide insight into general views and approaches used in making personal and business decisions. Character
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define the cultural issue within the global organization as well as provide an analysis of the ethical and social responsibility issues that the organization must deal with as a result of being a global organization. The analysis will identify ethical perspectives in the global organization and it will compare these ethical perspectives across cultures involved in the global organization. Ethical Perspectives Paper Due to many strict regulations placed on corporations by the United States‚ a lot
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Ethical Perspectives Many people today are in agreement that America’s attention to ethical standards is declining. Individual ethics are being replaced by dependence on organizational ethics. Groups are depending on their organizations Code of Ethics as guidelines for ethical regulations. People need to understand the importance of personal ethics and make a commitment. The key to understanding and committing is awareness of one’s core beliefs. The Ethics awareness inventory is a profile
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Ethical Perspectives Jasmine Coney ETH/316 February 3‚ 2014 Steve Rosales This Ethics Game simulation contained two ethical dilemmas. Like the other simulation that was completed in week 3‚ the simulations is from the perspective of someone in a manager ’s position. In the simulation‚ you must make decisions that could have an effect on the people directly involved with the situation or people with the business. The first dilemma was named the Mysterious Roses and the second dilemma was called
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