Analyzation Essay

1812 words - 8 pages

The stakeholder model should be implemented as an alternative for the Friedman’s shareholder model
In his article, "The Social Responsibility of Business is to Increase its Profits" published in 1970’s reputed “The New York Times” Magazine, Friedman debates in favor of precisely what the article's title states. He alleged that corporate social responsibility (CSR) was a diversion from the economic rudiments of business that helps in capitalize on profits and yields to shareholders. In his article, when he raised the description of advocates of CSR he stated, "The businessmen believe that they are defending free enterprise when they declaim that business is not concerned 'merely' with profit ...view middle of the document...

That means they have a post on the well fare or the outcome of the industry.
Friedman’s shareholder concept paved way for the stakeholder model wherein, no individual or entity apart from shareholder can incorporate his assertion on the business. On the other hand the stakeholder’s concept explains more than the principle relationship between the agents (who acts on behalf of the shareholder) and explains the incorporation and the significant role played by the third parties to whom the company ethically owes a major non fiduciary duty. These obligations happens attributable to; stockholders, these alternative stakeholders furthermore, build significant reserves or investment in an organization: staff invests their time and intellectual capital, customers invest their trust in the continual business, and communities give infrastructure and education for future staff in addition, as tax support, and so on, so forth.
However, one needs to understand beyond the profit maximization or the multi fiduciary in order to understand the stakeholder’s concept. In which, management of the organization holds responsibility for acquiring the balance between the stakeholders and avoiding any unwanted circumstances (clashes) between the groups or entities. Management also holds responsibility for rectifying any damages caused by the personnel or stakeholders. Besides, In this era of corporate world, the goal of the organization often pay respect in contributing to society; on top of the standard exposure of product marketing, technology and service aspects. (Lantos, 2001)
On the other hand Cosans (2008) states that the Friedman model is usually taken in a mistaken context and his claims about businesses bear a duty to seek profits rests partially on a ‘‘division of labor’’ that he fashions in his idea of communal integrities. He furthermore adds that in an independent society, there are two different ways in which an individual can invest in a resource for a purpose. According to Cosans they are “The Political Mechanism and “The Market Mechanism”. The political mechanism mainly deals with the government and obligations made by the government wherein, the politicians deal with the various issues, problems and address them politically. They in turn receive their feedback from the people through elections. The winner of an election or the politician on the stand creates guidelines, prohibitions and Laws for the people, businesses and society and these issues are implemented and address by the tax revenues. This helps people in acknowledging their limitations and acknowledging their prohibited areas to avoid unwanted cases, crimes to take place.
Whereas, “The Market Mechanism” offers members of society ways to fix things they trust that might not have enough societal support or demand to ensue in the conception of a government plan. Usually people who has savings opt to invest in shares of the business to become shareholders and earn those extra...

Find Another Essay On Analyzation

The Great Gatsby Cover Analyzation Essay

698 words - 3 pages The cover of The Great Gatsby could be interpreted in numerous ways. It could represent Daisy, the eyes of Eckleburg, Gatsby, or even Myrtle. However, the character that seems to have the biggest correlation is Daisy. The entire book revolves around Gatsby's life and his experiences. What exactly does Gatsby's life revolve around? His life revolves around Daisy and his undying love for her. It only makes the most sense that the cover of the book

A Man of the People: Political Analyzation

769 words - 3 pages The book A Man of the People is a postcolonial view on politics that is written by the author Chinua Achebe. There is a set stage of corruption, embezzlement, adulatory and bribes which all tie to the political arena that is described in the book. The political office won is has been merely a tool for the politician to secure wealth and control over a society being robbed for the self interest one mans greed. There are modern aspects of

An Analyzation Of The "Chimney Sweeper"

938 words - 4 pages "The Chimney Sweeper" In "The Chimney Sweeper" of both the Songs of Innocence and Songs of Experience, forgiveness and hatred were the main themes for the poems. Through the Songs of Innocence written by William Blake, it was clearly seen that there were recurring images of innocence such as children and the shepherd and lamb, which represented the figure of Christ. This section was exactly as it sounded, the innocence of the things of the world

Of Mice and Men (by John Steinbeck) Chapter 3 Analyzation

1001 words - 4 pages George and Slim had further the characterization of Lennie by carrying out a conversation of Lennie's intelligence and good personalities. Slim stated, "Maybe he ain't bright, but I never seen such a worker" (p39). This proved that although Lennie is dumb, he is surely strong. George also explained a little of Lennie's background when he said, "Him and me was both born in Auburn. I knowed his Aunt Clara. She took him when he was a baby and raised

Analyzation of Ogden Nash Poem, "Kindly Unhitch That Star, Buddy"

1026 words - 4 pages All people in the world live their entire lives to become something greater than they actually are. The quest for success in life is never-ending and people are never satisfied with what they have. In the poem "Kindly Unhitch that Star, Buddy" Nash warns not to dream for a goal that cannot be attained, in other words people's long and arduous journey through life is pointless and success is unattainable. Nash uses diction effectively in

Analyzation Of Characters And Themes In My Darling

943 words - 4 pages My Darling, My Hamburger Many learning experiences about friendships, parents, advice, and serious relationships can be observed in the novel My Darling, My Hamburger, by Paul Zindel. An important lesson that runs throughout the entire book is that a relationship or friendship does not truly exist without mutual respect. A good example of this is the rapport between Maggie and Liz; simpleton Maggie thinks Liz is her best friend

Analyzation Of Characters And Themes In My Darling

931 words - 4 pages Many learning experiences about friendships, parents, advice, and serious relationships can be observed in the novel My Darling, My Hamburger, by Paul Zindel. An important lesson that runs throughout the entire book is that a relationship or friendship does not truly exist without mutual respect. A good example of this is the rapport between Maggie and Liz; simpleton Maggie thinks Liz is her best friend, but that is not exactly true since

Femininity Discussion Analyzation - Anne Arundel Community College/ Sociology - Research Project

1787 words - 8 pages Lauren Hartman October 21, 2016 There are a variety of ways in which to conduct a sociological research project whether using a large group or a small focus group it all depends on what insight the researcher wishes to gain. In the case of this sociological project, I hosted a small discussion group of women ranging in age from 19-57 (three young adult women & three middle-aged women). The women were representative of varying occupations

Analyzation of the gospel passage, The Sermon on the Mount. (5 pages)

1484 words - 6 pages The Sermon on the Mount discusses various ways in which people can follow Jesus to get to heaven. In the first part, The Beatitudes are discussed. In society today, these teachings mean almost nothing. Nevertheless, they are believable. For example, "Blessed are the meek, for they shall inherit the earth." No one has to interpret that in the literal sense, I mean obviously if you follow through a situation with a humble act of kindness, you will

Queen Elizabeth I. Essay prompt relating to a speech QEI made to rally her troops. Analyzation AP style

778 words - 3 pages In a calling to arms, a leader must portray his confidence and support of the people he is speaking to. Queen Elizabeth I had to put forth more effort when rallying her army then a king would; she was a woman. In calling her army to arms, Queen Elizabeth I of England utilizes certain elements of language-diction, imagery, and sentence structure-to let them see the truth in what she said.Queen Elizabeth I implements diction in her speech to her

"People Only See What They Are Prepared to See": An analyzation of the quote by Hassan Ansari

740 words - 3 pages Ralph Waldo Emerson once said, "People only see what they are prepared to see." A statement so veridical, that the people to whom it implies are either not capable of understanding it or simply cannot accept it. In fact, most of humanity can read the undeniably prodigious quote ad infinitum, without comprehending the profound meaning behind it.There are four types of individualities, each reacting to the quote in a different manner. And how

Similar Essays

Sonnet Analyzation Essay

2186 words - 9 pages English poetry has always welcomed the sonnet form ever since the sixteenth century. It was greatly popular however in the Elizabethan period as this was when thousands of sonnets were written and many of them were used to express love or passion. Since then, most poets writing in English have found the sonnet form very appealing and have attempted their own sonnet writing. The very first sonnets were written in the early thirteenth century in

Cask Analyzation Essay

1398 words - 6 pages 1HankinsJD HankinsGeorge KehoeWriting 102September 14, 2014What is Wrong With These People? "The Cask of Amontillado," by Edgar Allan Poe and "The Lottery," by Shirley Jackson both have many similarities that individually support themes in their stories. The setting of the stories supports and enhances the outcomes in the end. There individual characters help the reader to understand particular themes in the story. There are items or details of a

Analyzation Of Tris Prior Essay

737 words - 3 pages "Faction before blood"(43). Tris Prior was born into the Abnegation faction. When they turn sixteen they have to take an aptitude test which decides which faction they belong in. then, the next day at the choosing ceremony then pick either to stay with their family in the faction they were born into or pick another one to permanently live in. Tris Prior is a dynamic character because of her looks, actions, and speech. Tris goes through many

Analyzation Of The Poem Essay

778 words - 4 pages In the poem “Sea Fever”,(comma?) John Masefield writes(WC) about his obsession with the waters and illustrates his deep desire to sail the seas. The title, “Sea Fever” emphasizes his strong passion for the seas and introduces Masefield’s deepest aspiration. (Necessary or nah??) Masefield conveys his obsessive/nostalgic (right word choice for tone or should I do obsession?) yearnings through his eagerness to take his final journey on the ocean