Philosophy 2074F/G Study Guide - Open-Question Argument, Fallacy
14 Apr 2012
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The basic idea is that businesses, and the executives who manage them actually do and should create value for customers, suppliers, employees, communities, and financiers (or shareholders) The dominant model is resistant to change: freeman argues that friedman"s view makes stock value the only real measure and promotes only immediate stock value gain as a managerial goal this is impractical. The dominant model is not consistent with law: the laws that are relevant to business have evolved differently around the world, but they have evolved to take into account the interests of groups other than just shareholders. Unions formed, equal pay act, age discrimination in. The dominant model is not consistent with basic ethics: no actions are actions to which ethics may not apply so any action can be morally evaluated, separation fallacy business decisions are separate from ethical decisions. The open question argument businesses must answer questions like who will benefit and.
