PHIL 2600 Chapter Notes - Chapter 9: Fair Deal, Predatory Pricing, Ivan Snehota

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Chapter 9 suppliers, competitors, and business ethics. Stakeholder of a corporation definition by evan & freeman: an individual or a group that either is harmed by or benefits from the corporation or whose rights can be violated, or have to be respected by the corporation. Suppliers have certain rights that might need to be respected by. Organizations and suppliers can be mutually dependent on each other for their own success. Rarely referred to as stakeholders; competitors are the forgotten stakeholders" spence et al. Competitors are typically seen as being in an ongoing, zero-sum battle with each other for customers. Carte blanche: complete freedom to act as one wishes or thinks best. * businesses should not be isolated islands of economic activities, but as actors operating within a web of other businesses, bound by mutual interests and interlinked flows of resources and rewards.

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