Business Moral Responsibility Essay - 1370 Words

Businesses Moral Responsibility Darryl A. Young April 18, 2008 Philosophy GEPI 140 One of the most important questions in all businesses is, whether businesses have any moral responsibilities at all beyond simply earning as much of a profit as possible for their owners? If you look at it from the business point of view they are only responsible for making a profit. The company is an agent of the shareholders and is responsible only to them, and only for making a profit. Looking at it from the consumer point of view the company is responsible to everyone who has a stake in the operations of that business, that is, everyone who is affected. This includes shareholders but also employees, consumers, suppliers, and the surrounding†¦show more content†¦Companies interact with their employees, suppliers, customers, and communities in which they operate, as well as the extent they attempt to protect the environment. In an effort to continue having a strong relationship with its environment and consumers the company should do whatever is necessary to keep the m happy. If a company does just the minimum, then it is clear that if there wasn’t a set standard such as legal obligations, then they wouldn’t abide by them at all. If a company exceeds its obligations then, it is clear that the company is going beyond the expected for a reason, which is to satisfy its consumers. When a company does things such as questioning shareholders, employees, customers, and outside experts about how its services and infrastructure impedes - or might be able to help economic development that shows that they care and want to see things change for the better. Without a sense of morality and ethics, they can disadvantage large sections of the world to benefit their shareholders. Some of the management excesses associated with these corporations suggests that sometimes they are not even fully accountable to shareholders. As Kant stated an action is moral in itself not because of its consequences but because any rational being wills it to be a unive rsal law and it does not contradict itself. It is true that being moral andShow MoreRelatedSocial Responsibilities And Moral Character Of Business1175 Words   |  5 Pages Social Responsibilities and Moral Character of Business Milton Friedman was a 20th century American economist who advocated free-market capitalism. In 1970 he submitted an editorial article entitled â€Å"The Social Responsibility of Business is to Increase its Profits† to the New York Times. 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