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Business Ethics - Corporate Responsiblity

A. Can executives of companies that manufacture questionable products, like violent video games or toys, be accused of being socially irresponsible? What are their responsibilities, if any, to the society in which they market and sell these products? Explain

b. To whom are these executives responsible to? Does a potential conflict of interest exist if an executive decides to follow a social stakeholder rather than his employer, the stockholders? (Be sure to review and interact with the case study Toy Wars in your textbook). Explain

c. How would you balance your decision making between social ethics and responsibility to your employer? Explain

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a. Can executives of companies that manufacture questionable products, like violent video games or toys, be accused of being socially irresponsible? What are their responsibilities, if any, to the society in which they market and sell these products? Explain

I do not think that executives of companies that manufacture questionable products should be accused for being socially responsible. These executives are just carrying out duties required by their employer. Their responsibility to the society in such a scenario is to minimize the negative impact of such products towards the society.

In their individual capacity, they are responsible for maximizing shareholder returns. However, if the product they are selling in the marketplace is questionable to the society, it is not their responsibility.

In other words, executives need to pursue ethical practices, such as ethical advertising, promotion, etc. to ensure that their "questionable" products should not have a major negative impact on the society and they put in their best ...

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Business Ethics - Corporate Responsiblity

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