Find a journal article on Business Ethics, Stakeholder Management, and Multinational Corporations in the Global Environment and summarize the article while discussing how you may apply what you have learned from this article in your professional and personal life.
Please include reference (website, author etc) to the article utilized in this response.
The article selected is: The Pyramid of Corporate Social Responsibility: Towards the Moral Management of Organizational Stakeholders, by Archie B. Carroll. Published in Business Horizons 1991. Retrieved from: http://www.cba.ua.edu/~aturner/MGT341/MGT341%20Readings/Pyramid.pdf
The journal article discusses the problem of how corporate executive balance their responsibilities towards shareholders with the responsibility towards environment, employees and consumers. The article explores the concept of corporate social responsibility. Corporate social responsibility has emerged as an comprehensive and global issue to embrace corporate social responsiveness and ensure a beneficial activities. The components of CSR include economic responsibility like maximizing the earnings per share, making the operations profitable, have operating efficiency and be consistently profitable. To be legally responsible the corporation must comply with laws, satisfy the expectation of the government, and should ...
This explanation provides a comprehensive argument relating to business ethics from an article titled: The Pyramid of Corporate Social Responsibility: Towards the Moral Management of Organizational Stakeholders. This solution is completed in about 540 words.