Framing business ethics
8 important questions on Framing business ethics
Responsibility lies in individuals, corporations dont have agency independent of their members
Moral arguments for CSR:
Model of Carroll CSR
- economic responsibilities (return on investment, wages, safe working environment)
- legal responsibilities (codification of society's moral view)
- ethical responsibilities (climate change)
- philantropic responsibilities (love of the fellow human)
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Responses to social pressures:
- reaction (avoid responsibility)
- defence (admits, but fights it)
- accommodation ( accepts, and does what groups demand of them)
- pro-action (beyond the norms(
Corporate Social Performance
- social policies (vission, mission)
- social programmes (activities, measures, instruments)
- social impacts (concrete changes)
Different forms of stakeholder theory:
- normative stakeholder theory (shoul take into account stakeholder interests)
- descriptive theory ( whether and how actually do take into account these interests)
- instrumental theory (beneficial for the corporation to take into account these interests)
Firms have become more and more political actors:
CC three perspectives:
- limited view (direct physical environment, local community, company should do something back)
- equivalent view (updated label for CSR, broad range of stakeholders)
- extended view (individual rights)
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