In Unit 3 of B293 you learned about the following three theories of corporate social responsibility: (i) shareholder value theory, (ii) stakeholder management theory, and (iii) social contract theory. For each of these three theories, explain in your own words in one short sentence what the core claim of that theory is. In addition, provide one argument for and one argument against each of these three theories.
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In Unit 3 of B293 you learned about the following three theories of corporate
social responsibility:
(i) shareholder value theory,
(ii) stakeholder management theory, and
(iii) social contract theory.
For each of these three theories, explain in your own words in one short
sentence what the core claim of that theory is. In addition, provide one argument
for and one argument against each of these three theories.
Step by step
Solved in 2 steps
- What are some of the most important ethical considerations that managers need to be aware of, and how can they ensure that their actions are consistent with these ethical principles?5. What is the impact of business ethics to society in general? 6. Why is there a special need for Ethical Behavior by Professionals? 7. Explain whether the following statement is true or false. "Responsiveness usually results to effectiveness and efficiency". 8. Explain how business managers could act ethically 9. If you are a CEO, how can you handle politics within your organization?Utilitarian’s theory suggests that ethical action is one which promotes the greatest good for the greatest number of people. Describe different ways of defining what is good for people and explain how these might relate to the practical application of utilitarianism in business scenarios?
- How does Adam Smith’s self-interest theory affect business ethics? Do we see ethics violations in today’s business world? Why or why not? How does Emmanuel Kant’s notion that some actions are just right and some actions are just wrong, compare to what Adam Smith said? Explain in detail please3. Steps of Stakeholder engagement and explain each one of them. 4. How to develop CSR commitments and enumerate the general steps of CSR commitments 5. What is the impact of business ethics to society in general? 6. Why is there a special need for Ethical Behavior by Professionals? 7. Explain whether the following statement is true or false. "Responsiveness usually results to effectiveness and efficiency". 8. Explain how business managers could act ethically 9. If you are a CEO, how can you handle politics within your organization?How does Business Ethics Programs and Organizational Ethics programs correspond to: -Moral education -development and promotion of virtues -study and awareness of values -development of emotional dispositions -fostering of healthy relationships -constant attentiveness to maintaining moral character and why would it be an effective tool in sustaining an ethical business?
- How will a new company like Kibbles and Bits promote an ethical business culture, and what types of ethically based reward and evaluation systems are you planning?How many Types of Responsibility Centers are there? What type of responsibility Centers are a Corporate? What type of responsibilty centers are its segments?I need a bit of insight on these two topics: A short summary of ethical practices in business. How leadership, ethics, and human resources co-exist in business?
- In detail, define a responsibility center. Explore the three different types of responsibility centers and explain how each one is different. How do the three come together to prepare effective, yet flexible budgets?2. Tell something about CSR strategy and how to develop it? 3. Steps of Stakeholder engagement and explain each one of them. 4. How to develop CSR commitments and enumerate the general steps of CSR commitments 5. What is the impact of business ethics to society in general? 6. Why is there a special need for Ethical Behavior by Professionals? 7. Explain whether the following statement is true or false. "Responsiveness usually results to effectiveness and efficiency". 8. Explain how business managers could act ethically 9. If you are a CEO, how can you handle politics within your organization?Have you ever heard of the Ethisphere Institute? Take a few minutes to explore their website: https://ethisphere.com/ Summarize something that you learned about this organization on their website for your classmates. Do you think this institute has value for organizations who are attempting to build an ethical culture? Why or why not? Is your organization a member of a similar type of institute or ethical organization? If so, feel free to share your thoughts about that here.