Critically Examine The View That The Only Responsibility of Business is to Meet The Needs of Customers or Clients, and So Produce Profits for Shareholders

Critically Examine The View That The Only Responsibility of Business is to Meet The Needs of Customers or Clients, and So Produce Profits for Shareholders

The issue of business responsibility is very controversial in business community. Some contend that the responsibility of business is to maximize profits for its shareholders within the rules of the game, a narrow view represented by Milton Friedman (Shaw & Barry, 1998). Others hold a broader view, contending that over and above profit maximization, business has other responsibilities as well, to customers, to their employees and to society at large (Shaw & Barry, 1998).

Ethical Thinking is Ultimately No More Than Considering Oneself and One’s Company as Citizens of The Business Community and of The Larger Society

Ethical Thinking is Ultimately No More Than Considering Oneself and One’s Company as Citizens of The Business Community and of The Larger Society

According to Solomon, ethics is actually a way of thinking and ethical thinking can be represented by three Cs, that is, compliance, contributions and consequences (Shaw & Barry, 1998). This paper intends to discuss how businesspeople and companies function as citizens using the framework of the three Cs.

18 Ethical Behaviors of a Perfect Salesperson

18 Ethical Behaviors of a Perfect Salesperson

Salespeople provide a window into an organization. Their behavior will be the yardstick by which to judge the organization. Conducting yourself in an ethical manner is not only the right thing to do; it’s the only thing to do. It’s a way of developing relationships that will yield handsome dividends in the long term.