Best Available Writers
№ 1 In global rating
278 finished papers
147 customer reviews
98% success rate
COMPETENCES: Nursing, Sociology, Creative Writing, Marketing
№ 2 In global rating
184 finished papers
120 customer reviews
97% success rate
COMPETENCES: Financial Analysis, Political Science, Marketing
Discussion Question 1 – CLO 7
Milton Freeman believed that the shareholder approach to social responsibility.
He believed that shareholders were the only ones who should be socially responsible. The firms should maximize profits, and what each shareholder does on his or her own is their own responsibility. Apple Inc. followed this for many decades, as its largest shareholders are some of the most philanthropic people in the world.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now
R. Edward Freeman believes in stakeholder theory. He believes that companies have a moral responsibility in their business practices. He believed that companies had an obligation to invest outside of the immediate inside stakeholders and should invest in society at large. Excess profits should go to society.
Both men believed in higher ethics; i.e., obeying the spirit of the law, as well as the letter of the law.
If you owned a company, which of the two men’s principles do you believe you would follow? Why?