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Business Ethics

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1. In a company, who is a stakeholder and who is a stockholder? Can they be the same? Give an example where they may be the same and where they may differ. How is a stakeholder view different from the stockholder view? Discuss the three uses of the stockholder view (descriptive, instrumental and normative models).

2. In your point of view, should Multinational Corporations (MNCs) be bound by the prevailing morality of the home country or should they follow the practices of the host country. Give an example to back your point of view.

3. Considering wages, working conditions and job opportunities, is the manufacture of goods in countries with low labor cost advantageous to developed and developing countries alike? Present at least three reasons for your response and give an actual example of a developing country and a product manufactured there that will back up your response to this question.

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4. List and discuss the ethical justification of each of the three theories (the due care theory, the contractual theory and the strict liability theory) that are used to determine when a product is defective and what is owed to the victims of accidents caused by defective products. Give an example of the actual usage of each of these theories when a product that was defective caused an accident.

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1. In a company, who is a stakeholder and who is a stockholder? A individual or group with an interest in the success of an organization in delivering intended results is a stakeholder. The stakeholder ensures that the company maintains its business, products and services. The stock holder is a shareholder of a company. Can they be the same? Yes, the stockholder is also a stakeholder. Give an example where they may be the same and where they may differ. A shareholder/stockholder is also the stakeholder as he has an an interest in the success of an organization in delivering intended results. They may differ in case of an employee that is not a stockholder. Here the stockholder and the stakeholders are different. How is a stakeholder view different from the stockholder view? The stakeholder is interested in delivering the intended results and maintainng the viability of the company. A manager of a company who is a stakeholder may be interested in larger revenues as his commission is related to revenues. On the other hand a stockholder is interested in increasing the profits of the company as the shareholder value is related to net worth of the company. Discuss the three uses of the stockholder ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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