Freeman denies that business ethics is oxymoron

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1. Freeman denies that “business ethics” is an oxymoron. What is an oxymoron, and why would someone suggest that “business ethics” is one? Freeman counters that “business ethics” is simply a redundancy; what is his point about this?

2. While it is commonly assumed that addressing the interests of several stakeholder groups requires making a lot of trade-offs, Freeman thinks that the main challenge facing decision-makers is to find an “intersection” of mutual benefit.

(a) What does this mean?

(b) How would Freeman respond to someone who thinks that it is irresponsible not to work constantly and exclusively to maximize profits for the sake of the “people with the money” (as Friedman suggests)?

3. Suppose some one wanted to use the stakeholder model but with the aimonly to maximize profit.

This is not Freeman’s position, but he would take that person already to be on the way to making more ethical decisions than otherwise. Explain how this could be so.

4. It is sometimes assumed that stakeholder theory is just the same as a “social responsibility” theory. Mackey firmly rejects this assumption. Why?

Reference no: EM132296803

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