Stakeholder Theories

A public servant who argues in favor of a universal health care system..

Kant

- treating stakeholders as persons

o States that all ppl should be respected and no one should be used as a means to an end but rather as an end themselves. It requires 2 things:

▪ People in a business relationship mst not be used

▪ Business organizations should bw arranged so they contribute to the development of human rational and moral capacities

ONE HUMANBEING CANNOT USE ANOTHER TO SIMPLY SATISFY HIS OR HER OWN INTEREST

- Purity of Motive

o An action is only trul moral if it is morally motivated. Self-interest is not a motive that can result in moral action.

Edward Freeman

A business whose not a good member of the community that routinely ignores and violates local customs and laws, dosen’t pay attention to the quality of life in the community. Attention to corporate responsibility. That’s a business who’s regulated to decline.

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Stakeholder theory

-each one of the groups is important to the business. If you just focus on financial lers u miss what make capitalism tick. You need the cooperation of all the stakeholder.

-need to view each stakeholder is equal

-primary stakeholders are:

-communities

-customers

-employees

-suppliers

-financiers

-lets try to understand who those groups r that s important to the value creation process

stakeholder turnout ot be living breathing humanbeing- their not just a role their actual people. Not just a customer but customers with names and faces.u don’t just provide them with a product ur product comes with a promise.

Stakeholder theory tries to but business and ethics together. U should think of what the effects are of the business on those people. U should think of stakeholdsers of having names, faces and family. When u think of them as assets u’ll miss the human connection that capitalism provides.

Milton Freeman

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