SMG SM 131 Study Guide - Midterm Guide: Customer Satisfaction, Stakeholder Theory, Corporate Personhood

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Rebecca Nichols

Document Summary

Ford pinto & gm: turned a blind eye to increase profits. Change the way of the world; they should rely on the. Government, because the government can set rules and the. Businesses can just change their mind at any moment. States, but does it still need them to protect the borders? and tariff competitors goods. Idea that capitalism & democracy go hand in hand to create the best society is under fire: many pit nation v nation, corporation v government, etc. Podcast- chang (cid:498))s there room for ethics in a business? (cid:499: milton friedman"s view on business. Why businesses can be good at solving social problems: Amendment right to bear arms: no matter what a company decides, one group will always get mad. Producing goods and providing services: distribution, profit. )ndividual"s unwillingness to share in the cost of a public good: undermine social consciousness, the optimal policy, marginal cost of undertaking the policy=marginal benefit (not.