It appears that if one rejects the social responsibility view in principle, because it allows the imposition of costs on the basis of personal moral decisions, one must reject Friedman's view as well. ... Stakeholder theory A much-discussed alternative to the stockholder-centred concept of the corporation is the stakeholder theory, originally described by Edward Freeman. [17] Under the stakeholder approach, corporations operate for the benefit of all those who have a stake in the enterprise, including employees, customers, suppliers and members of the local community. ... If a busines...

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

As regards to the trucking industry per se they are obliged to act ethically towards 6 sets of stakeholders: owners shareholders investors; employees contractors; customers; suppliers vendors; local community and society in general. ... Nike decided to allow activists to inspect all its plants and the result was in their favour. ...

• Word Count: 2333
• Approx Pages: 9
• Grade Level: Undergraduate