The stakeholders include any person who in one way or the other bears a dependency relationship with the firm. Stakeholders may include the workers, financiers, the society, competitors, or even suppliers. At this point, the reader may find it interest to identify the great obligation of a company has and the complexity of fulfilling these duties. The Freedman stakeholder theory seems to crash with the capitalist ideas that suggested that organization only have a duty to optimize returns in whatsoever means. The book overturns the notion that has persisted in the past that organizations are profit generators with an aim of making as much profit as possible. However, the book is keen to establish that there exists a big conflict as organizations push strategies to maximize income, while the stakeholders push their demands (Ciulla, Martin & Solomon, 2013, Pp. While this may appear as a contradictory approach to ethics by a reader, it presents a real scenario that has become more common in the business land scape.The ability of the author to focus on the traditional capitalistic market structures provides a good platform to consider the role of ethics in the society. In a business organization, ethics regulate the interpersonal relationship and the way each stakeholder in the organization is treated. In the capitalistic market structures, the society suffered from employee oppression and existence of individualistic policies that only benefited the organization (Ciulla, Martin & Solomon, 2013, Pp. Business success depended on poor treatment of the employees through overworking,. The concept of business ethics.
ReferencesCiulla, J. B., Martin, C. W., & Solomon, R. C. (2013). Honest Work: A Business Ethics Reader. New York: Oxford University Press.
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