PHI 2397 Lecture 1: PHI2397-Course1
9 Jun 2017
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Document Summary
Materials, kinds of readings: principles and theories about, ethics and morality: for evaluating what is decisions as employers and employees, nature of business and gov: for evaluating social-political policies, business situations/legal cases. 1960: ralph nader cx movt vs. gm (safety: ralph nader book: unsafe at any speed: the designed-in dangers or. Nader sues gm for invasion of privacy. Gm fights case then settles, paying nader . Nader and others use shareholders status to try to promote csr concerns in. Milton friedman, the social responsibility is to increase its profits (1970) Stakeholders: groups involved in or affected by corp. Who: employees, cx, supplies, community/citizens generally, foreign host countries. Goal: for every business is always just to make money can have consequences on others (here is where stakeholder theory comes in) o. Doesn"t clearly define which stak. is affected by what way. Neglig es facts there will be conflicts between stak. Friedman vs. csr: why stak. theory isn"t valid.
