Carroll: major themes

1
Carroll major themes

• Managerial approach to business ethics
  stakeholder approaches urgent,enduring?
• Practical issues such as responding to changes in
  societys expectations of business.
• Can business address these problems?
• If and how can managers respond to social
  problems?

2
Business ethics theme

• Ethics basically refers to issues of right wrong
  fairness and justice, and business ethics focuses
  on ethical issues that arise in the commercial
  realm .
• Importance of stakeholder groups such as
  employees, customers. Managers to resolve
  conflicts of interest between organization and
  stakeholder groups

3
Stakeholder management

• Those with vested interest or stake in the firm.
  Chapter 4 corporate governance and where
  stakeholders are represented by boards of
  directors
• Domestic and global stakeholders are major
  concerns

4
Milton Friedman and CSR

• Friedman criticised csr for three reasons
• Corporate philanthropy (organisations giving
  money to a charity) distorts the profitability of
  a company
• Corporations should not use shareholder funds to
  support good causes
• Corporations cannot possess responsibilities

5
Extra comments about the arguments

• Companies exist to make profits, not save the
  planet
• Such donations reduce company dividends
• Corporations are social constructs. Only
  individuals can have responsibilities.
• Source Fisher C and Lovell A, Business ethics
  and values Harlow FT Prentice Hall 3rd edition
  pages 311-314 also in 2nd edition pages 311-314
  or 1st edition pages 266-268