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Essay Details:
Essay text:
Two divergent
approaches, one which posits that the primary
corporate responsibility is financial performance
(Friedman, 1970/1983; Marcoux, 2003), and another
which regards financial performance as but one
aspect of the corporation's responsibility, have focused
on understanding the goals of socially
responsible organizational behavior. Within the latter
approach, sensitivity to other constituencies such
as employees, customers, the community, generally
referred to as ??stakeholder management'' (Freeman,
1984; Clarkson Centre for Business Ethics, 1999) or
??multi-fiduciary management'' (Freeman, 1994) has
directed the dialogue toward a more expansive
collective forum...
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