Philosophy 2074F/G Chapter Notes -Advantageous, Fiduciary, Profit Margin
1 May 2013
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What"s wrong and right with stakeholder management boatright. A concern for the interests of all stakeholder groups has become a widely recognized feature, if not the defining feature of ethical management. Advocates of stakeholder management get one point right: the modern for-profit corporation should serve the interests of all stakeholder groups. These benefits can also be obtained by groups interacting with a corporation in other ways, most notably through the market. Insofar as the market is able to provide the desire benefits to the various stakeholder groups. And any successful corporation must manage its relations with all stakeholder groups, if for no other reason than to benefit the shareholders. Managers also have obligations to treat each stakeholder group in accordance with accepted ethical standards. Freeman and his colleagues contend that in making key decisions, managers ought to consider all interests of those shareholders and non-shareholders alike-and balance them in some way.
