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in whose interest should businesses act - Coggle Diagram
in whose interest should businesses act
businesses vs individual sets of moral obligation
are businesses really to have moral obligations?
The Narrowest View
Shareholder Primacy
argument 3 - businesses are incapable of benefiting other stakeholders
argument 4 - the purpose of business entails shareholder primacy
argument 2 - governments, not businesses should benefit society
argument 5 - should a business balance the interests of all stakeholders
argument 1 - profit seeking benefits everyone
The stakeholder model
argument 3 - extraordinary power means extraordinary responsibility
argument 2 - businesses are citizens
Is it possible to implement
Argument 1 - all arguments for shareholder primacy fail
what if acting in the interests of all stakeholders' benefits shareholders
Argument 4 - all stakeholders make contributions
why we can't say businesses should act in everyone's interests
corporation
individual law vs individual in ethics