craiyon logo

A modern meeting room with a large wooden table and chairs, facing a whiteboard covered with a diagram outlining 'Shareholder Theory' and 'Stakeholder Theory', featuring various business concepts and arrows.

A modern meeting room with a large wooden table and chairs, facing a whiteboard covered with a diagram outlining 'Shareholder Theory' and 'Stakeholder Theory', featuring various business concepts and arrows.

Week 1 Day 1: Shareholder theory: make sure shareholders receive return on investment The only CSR a company has is to maximize its profits - Milton Friedman Legal compliance (obey the law) Shareholder PRIMACY $$ (making money for shareholders is #1) Week 1 Day 2: Shareholder: has shares in the company Stakeholder: anyone affected by company, employees, customers Stakeholder theory: consider the interests and well-being of all stakeholders affected by its actions Rights (basic and secondary) Right to life, right to employment Justice (equality and distributive) Utilitarianism: consider in stakeholder theory Actions are considered right if you are producing the most good for the largest amount of people Maximizing good we do in business How do we prioritize and decide on it? Virtue theory: Identify relevant virtues/values Virtue (value in action, value lived out) If you value honesty but lie all the time, you don't have the virtue of honesty Define them in context Apply them to situation Mehr sehen