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Business Responsibility
Hadsell, Heidi
Hadsell, Heidi
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Ch25_Hadsell.pdf
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Abstract
"One widely shared approach in North America to business ethics in recent decades has often envisioned some combination of a threefold responsibility that corporations have in society: the responsibility to the shareholders, to the consumer, and to the wider society. It is generally assumed for those who use this rough notion of corporate responsibility, that when big business manages to balance its responsibility to these three stakeholders and thus to negotiate their separate and often competing interests, business is acting in an ethically responsible way. According to this common logic, when a given business engaging in economic activity of some kind, thinks not only of the profits that go to the owners or shareholders of the business, but also about the consumer, and therefore about things like the reliability of the object or service being provided, about honesty in advertising, about quality and durability, and when a business thinks not only of profits and customers or consumers, but also about the wider society, and thus about the role of the business in the community, and more largely about the use of the resources of the community, and the people in the community not directly connected to the business – then business may be said to be acting in a responsible manner.", p. 227.
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Book chapter
Date
2007
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9782825415160
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With permission of the license/copyright holder