Businesses do not serve the same goals as other organisations in a pluralistic society; they are distinct because their sole focus is on economic behaviour. 2. ... The primary goal and motivating force for business is profit. ... It is up to the corporate manager to decide on the best expenditures, given the goals of the company, based on some form of cost-benefit analysis. ... However, even though everyone with a stake in a company is theoretically taken into account, satisfying these groups is necessary only as a means of achieving the end, once again, of maximising profits. ...

• Word Count: 2501
• Approx Pages: 10
• Grade Level: Undergraduate

As Pfizer, a multinational corporation, we have certain ethical responsibilities. There are two traditional stakeholder theories by which my company may operate. One is the ownership theory. The ownership theory is mainly focused on making a profit: maximizing shareholder returns and making as much money as possible for those who own stock in the firm. This theory is ethically wrong because it only accounts for stockholders and owners as true stakeholders of the firm. ...

• Word Count: 3015
• Approx Pages: 12
• Grade Level: Undergraduate

Contents 1. Executive Summary 2.Theoretical Approaches to Business Ethics 3. Moral Relativism VS Moral Absolutism 4. Ethical Issues in Business Affecting Business Operations 5. Business Objectives affected by Ethical Considerations 6. Anglo American and its Stakeholders to Operate Ethically 7. Angl...

• Word Count: 5693
• Approx Pages: 23
• Has Bibliography
• Grade Level: Undergraduate

Corporate social responsibility (CSR) is also known as: business ethics, corporate citizenship, corporate accountability, and sustainability (Overview of Corporate Social Responsibility, 1) Business for Social Responsibility defines corporate social responsibility as "achieving commercial success in ways that honor ethical values and respect people, communities, and the natural environment."" ... Wicks achieved this by starting the nonprofit Philadelphia Fair Food Project, which helps build the supply lines between sustainable farmers and local restaurants (14th Annual, 3). ...

• Word Count: 3324
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate