Home > Free Essays > Business > Business Ethics > Stakeholders vs. Shareholders: Ethics in the Workplace
Rate

Stakeholders vs. Shareholders: Ethics in the Workplace Case Study

Exclusively available on IvyPanda Available only on IvyPanda
Updated: Jul 15th, 2021

This video presents a debate about the ethical responsibilities of businesses and their managers. In particular, the discussion is focused on the conflict between the interests of shareholders and stakeholders (“Stakeholders vs. Shareholders”). The participants advance different arguments about the way in which enterprises should approach their obligations. Overall, it seems that the recognition of stakeholders’ needs is essential for the sustainable development of companies.

This conflict is closely related to the functions that businesses are expected to perform. Firstly, these organizations are supposed to increase their revenues and benefit shareholders or owners. However, there is an alternative viewpoint according to which managers should take into account the interests of stakeholders or various individuals and groups that may be affected by the work of businesses. For instance, it is possible to consider the needs of workers, customers, communities, trade unions, and so forth.

The key issue is that the concept of a stakeholder does not exclude the owners of a business. In this case, managers are not required to disregard such issues as financial performance and revenues. Nevertheless, they have to ensure that their activities do not pose a threat to other people and their interests. For example, in some cases, the work of enterprises can endanger the environment (The Saylor Foundation 628). If these risks are overlooked, companies can threaten the welfare of many communities. Moreover, this reckless approach can destroy the economic resources that these organizations need.

To some degree, this discussion indicates that the emphasis on stakeholders’ needs is critical for ensuring that the work of companies does not threaten the welfare of society. This approach does not force businesses to reject such priorities as financial performance and the needs of owners. More likely, it emphasizes the necessity to introduce safeguards reducing the risk of unethical practices that harm other people.

Works Cited

YouTube, uploaded by Berkeley Haas. 2010. Web.

The Saylor Foundation. “What is Business Ethics?” Saylor. Web.

This case study on Stakeholders vs. Shareholders: Ethics in the Workplace was written and submitted by your fellow student. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly.
Removal Request
If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda.
Request the removal

Need a custom Case Study sample written from scratch by
professional specifically for you?

Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar
Writer online avatar

certified writers online

Cite This paper
Select a referencing style:

Reference

IvyPanda. (2021, July 15). Stakeholders vs. Shareholders: Ethics in the Workplace. Retrieved from https://ivypanda.com/essays/stakeholders-vs-shareholders-ethics-in-the-workplace/

Work Cited

"Stakeholders vs. Shareholders: Ethics in the Workplace." IvyPanda, 15 July 2021, ivypanda.com/essays/stakeholders-vs-shareholders-ethics-in-the-workplace/.

1. IvyPanda. "Stakeholders vs. Shareholders: Ethics in the Workplace." July 15, 2021. https://ivypanda.com/essays/stakeholders-vs-shareholders-ethics-in-the-workplace/.


Bibliography


IvyPanda. "Stakeholders vs. Shareholders: Ethics in the Workplace." July 15, 2021. https://ivypanda.com/essays/stakeholders-vs-shareholders-ethics-in-the-workplace/.

References

IvyPanda. 2021. "Stakeholders vs. Shareholders: Ethics in the Workplace." July 15, 2021. https://ivypanda.com/essays/stakeholders-vs-shareholders-ethics-in-the-workplace/.

References

IvyPanda. (2021) 'Stakeholders vs. Shareholders: Ethics in the Workplace'. 15 July.

More related papers
Psst... Stuck with your
assignment? 😱
Hellen
Online
Psst... Stuck with your assignment? 😱
Do you need an essay to be done?
What type of assignment 📝 do you need?
How many pages (words) do you need? Let's see if we can help you!