summary business ethics and continental philosophy mollie painter morland 9780521137560 test bank

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summary business ethics and continental philosophy mollie painter morland 9780521137560 test bank Fast reading summary – only most important parts for exam according to professor. (Radboud Universiteit Nijmegen)

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summary business ethics and continental philosophy mollie painter morland 9780521137560 test bank

Chapter 2: Stakeholder theory

Freeman describes stakeholders as people who can influence a business.Freeman sees CSR literature as applying stakeholder concepts to non-traditional stakeholders groups. In other words, more emphasis must be out on the general people, or the employees, and less on the satisfaction of owners.Separation fallacy; it is difficult to isolate economic issues from social issues.Ethics and economics cannot be seperated according to Freeman

Stakeholder theory exists of multiple dimensions:

-Descriptive ○It arises from the way in which the stakeholder concept sees the firm as an interaction of valuable interest.-Instrumental ○This suggest that stakeholder theory allows the exploration of a relationship between business performance and CSR.-Normative ○This is derived from the tendency of stakeholder theory to permit the consideration of a broad range of interests beyond the shareholders.

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