PHILOS 2N03 Lecture Notes - Lecture 11: Canada Goose, Justin Trudeau, Chipotle
28 Sep 2017
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Freedman de nition of stakeholder: someone (or group) that is harmed or bene ts from the corporation or whose rights can be violated, or have to be respected, by the corporation. Why are suppliers stakeholders: they bene t from (or could potentially be harmed by) the business decisions of the corporation. Why do we have to give moral recognition to competitors: reason 1: fair play. Win any way the rules allow you to: reason 2: even when competing with people, they"re still people. Even in context of business, dealing with humans, don"t get to turn off ethical imagination. You have gigantic construction company bids for contract, project in town is worth. 100k, small construction company in town needs this business or they"ll be bankrupt, might not swoop in and take that business. Doesn"t break the rules, but should owe them compassion. You make a little more pro t at the cost of their survival, could choose not to.
