商业伦理学课件第2章Corporate Social Responsibility and the Stakeholder Theory.ppt

Business Ethics Lecture 2: Corporate Social Responsibility and the Stakeholder Theory Overview Milton Friedman: The social responsibility of business is to increase its profits R. Edward Freeman: A stakeholder theory of modern corporations Classification of theories on social responsibility: consequentialist vs. categorical thinking Case study: Mr. F and the rebuilding of Malden Mills, and the ethical decision-making process Milton Friedman (1912-2006) American economist , professor at University of Chicago, 1976 Nobel prize winner Proponent of free market economy (自由市场经济) with minimal state intervention (国家干预) Milton Friedman, The social responsibility of business is to increase its profits, The New York Times Magazine, September 13, 1970. Friedmans arguments Managers should not pursue other social interests in the name of the company. The CEO has no right to give stockholders money away to charities; only stockholders themselves have the right (exception: CEO is the only owner of the company). Even if stockholders authorize CEO to do good in their names, the latter cannot do it as well as the government can do. The conclusion: just do your own business, pay the taxes, and leave the government care for the social interests. Discussion If stockholders agree to use the companys money to pursue social interests, and the CEO can prove that she/he is at least as competent as the government in doing good, do you still have a reason to stop the CEO from spending the money? R. Edward Freeman (1951-) American philosopher， professor of business administration at University of Virginia Founding father of the stakeholder (利益相关方) theory Strategic Management: A Stakeholder Approach, 1984 Who are stakeholders? Corporations have stakeholders, that is, groups and individuals who benefit from or are harmed by, and whose rights are violated or respected by, corporate actions. Evan and Freeman, A stakeholder theory of modern corporation: Kantian capitalism, Business Ethics Qu