Law and Ethics

Part 1: From the e-Activity, determine the ethical theory or theories (from Chapter 1 of the textbook) that best support(s) the B-corp concept. Support your response.   

Benefit Corporation has taken the accountability or social responsibility to ensure their business making decisions does not affect their company (employees and growth), community, and environment.

The ethical theory that best support the B-Corp concepts is the ethical theory of Communitarians and accepting shared responsibility. Benefit corporations can be seen as a communitarian reaction to what some perceive to be an illiberal corporation law structure that is perceived to create little or no meaning beyond financial enhancement of individual shareholders, who then participate, if at all, in social life as individuals. Therefore, the benefit corporation movement can be viewed as having both liberal and communitarian aspects. The liberal aspect emphasizes choice, corporate shareholders should be allowed to exercise their own free will to choose ends to be sought by the corporation. The communitarian aspect considers corporations, which harbor enormous power and in which much of the nation’s economic life takes place, to remain insufficiently encumbered by non-wealth maximizing societal, moral, and environmental obligations (2012). B-corporations allow managers more flexibility in their decision making when it comes to choosing between profits and socially responsible activities. The responsibilities of the managers in B-corporations are shifted away from pure profit and include socially and environmentally sound practices (NOLO).

Part 2: Evaluate the likelihood of traditional corporations using social responsibility as an effective competitive strategy. Specify at least one (1) way that a company with which you are familiar can use (or has used) social responsibility as a competitive strategy in the marketing of its products / services, supply chain, charitable activities, strategic...