Hansmann’s The Possession of Enterprise is totally essential studying for anyone who wants to grasp the relationship betwen managers, shareholders, and different stakeholders. Hsieh (2004) says that, even if we concede that companies wouldn’t have social obligations, people have them, and one of the best ways for many individuals to discharge them is through the activities of their firms (see also McMahon 2013).
In accordance with this, the International Corrupt Practices Act was established in 1977 to discourage international businesses from giving or receiving unwarranted payments and gifts that were intended to affect the choices of executives and political officers.
He identifies two other duties that salespeople might have (he’s agnostic): (5) do not promote prospects merchandise that you (the salesperson) assume are unsuitable for them, given their wants and wishes, with out telling clients why you think this; and (6) don’t promote customers poor quality or defective merchandise, without telling them why you suppose this.
Marcoux, Alexei, Business Ethics”, The Stanford Encyclopedia of Philosophy (Fall 2016 Edition), Edward N. Zalta (ed.), URL = < -enterprise/="">. This was the previous entry on enterprise ethics in the Stanford Encyclopedia of Philosophy — see the version history.
On this planet today, companies are offering public goods resembling healthcare and training (Ruggie 2004), defending people’s citizenship rights (Matten & Crane 2005), and serving to to create and enforce systems of private regulation or comfortable regulation” (Vogel 2010).