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Ethics

 

            
             In my ethical model, I firstly agree with Freeman's Stakeholder theory. I agree that each group of stakeholders has the right not to be treated merely as a means to an end. The reason I think it's not ethical for corporation just to maximize the shareholder profits is because I think that Legal Standards and Utilitarian Standard are also needed to take into consideration. As a result, the behavior of a corporation must consider the Legal Standards and Utilitarian Standard while doing business. Then I would consider that it's ethical. Furthermore, Limited Paternalism theory, the Modified "K" theory and the Due Care View also work in my ethical model.
             Firstly, I think it's ethical to treat stakeholders well by not using them merely as a means to an end. The reason I believe Freeman's Stakeholder theory is important is because the corporation cannot just think about its shareholders, but also the social responsibility of caring other stakeholders. However, in my ethical model there is an exception for having all of this point of view, which is balancing the interests of all stakeholders. So I"m going to cite Utilitarian Standard in my ethical model. I think it's ethical if the behavior of a corporation leads to the best possible balance of good consequences over bad consequences for all the parties affected. The reason I consider Utilitarian Standard is because it provides the greatest good for the greatest number of people, then corporation can not just think about maximize shareholder profits. I will give GMC, the shoes manufacture in Taiwan, as an example. Two years ago, GMC had a financial problem of running business. If it didn't close the company, it undoubtedly would lose lots of money. However, if it closed the company, thousands of employees would have no jobs. After having the consideration of social responsibility and thinking about providing the greatest good for the greatest number of people, the CEO of GMC eventually decided keeping running the company.


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