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Learning Activity: Corporate Social Responsibility: What's the Big Deal?
One of the most contentious debates among scholars has centered on the proper role for a corporation in the pursuit of its business. In large measure the debate has crystallized around two points of view. On the one hand, some believe that a corporation's chief responsibility role is to make and maximize profit. This belief has often been referred to as the Friedman Approach in homage to the economist, Milton Friedman. Friedman espoused the view that as long as a corporation stayed within the rules, its only responsibility was to return the maximum profit to its shareholders. On the other hand, other scholars have asserted that the social responsibility for a corporation extends beyond just making a profit and includes a responsibility to act in a manner that promotes and supports the welfare of society at large.
What do you think about this so called "Shareholder vs. Stakeholder" debate? Do you have any personal experiences where you have observed the effects of this debate in terms of corporate actions? On which side of the argument do you come down on and why?
Q1. - What constitutes ethical behavior in business? Unethical behavior? Q2. - How can having a "code of ethics" can help to create an ethical environment?
What are some core leadership qualities? Name examples
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Health care human resources and organizational behavior are continuously evolving. Successful health care administrators understand the need to stay abreast of current and future developments and trends that might impact the industry. For this Dis..
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Explain What additional costs must be taken into account when making a short-term pricing decision where surplus capacity is not available
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Which resource factors might be most vital to a new manufactunng venture that produces residential home furniture? Why?
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