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Essay

Ethical Imperative

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Doyle H

 

Date added:

November 14, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2860

 

Was viewed:

2101 times

 

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Essay content:

This is a conflict because those who buy a business's products tend to be in the general public, and they have the ability to make or break a company's profit margin, but many stockholders are less interested in serving any sort of public good than making money. However, in order to maintain economic stasis in the world, and to maintain market share and customers, business needs to evolve to become more socially responsible in both the environment and in labor practices...
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This theory is that as the world becomes more aware of business practices, there is more of a need for business to operate in an ethical or responsible manner. With each progressive generation of business issues, the company becomes more socially aware and responsible. Growing from economist Milton Friedman's idea that the only obligation a company has is to its shareholders to the belief that the corporation has an obligation to help improve the world, the generation theory in business has gone the furthest in explaining the role of the public in business (Mendes 1)...
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