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Essay text:
On one side, there is the classical-or purely economic view, and on the other side, there is the socioeconomic position” (Robbins/Coulter 100). First, we will explore four theories of social responsibility. The four legal theories surrounding the issue are maximizing profits, moral minimum, stakeholder interest, and corporate citizenship.
Maximizing profits is the traditional or classic view. This view is concerned with maximizing profits for shareholders. “This view, which dominated the nineteenth century, holds that the interests of other constituencies, (e.g., employees, suppliers, residents of communities) are not important in of themselves” (Cheeseman 156)...
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Common topics in this essay:
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