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Is Profit the Only Business of Business?

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Is Profit the Only Business of Business?
It is an ageless discussion on what the corporate social responsibility is for managers. Two models that discuss Corporate Social Responsibility are the Shareholder Model and stakeholder Models. The goal of this paper is to discuss these models, the general principals of corporate social responsibility, and end with some concluding thoughts.
It is an ageless discussion on what the corporate social responsibility is for managers. Two models that discuss Corporate Social Responsibility are the Shareholder Model and stakeholder Models. The goal of this paper is to discuss these models, the general principals of corporate social responsibility, and end with some concluding thoughts.
Stakeholder
Stakeholder
Shareholder Model
Shareholder Model
Alliance Model
Alliance Model
Concluding Arguments
Concluding Arguments
A discussion of the three models surrounding Corporate Social Responsibility
A discussion of the three models surrounding Corporate Social Responsibility
Outline
Outline is profit the only business of business? is profit the only business of business? The Stakeholder Model, that was developed my R. Edward Freeman, and states that collectivist ends can be attained without collectivist needs. It is important to distinguish a stakeholder from a stockholder. A stakeholder is any group or individual that has a vital interest in the actions of a specific corporation. The stockholder is in fact a stakeholder of the firm, but their interest is the share owned of the firm and how much money has been invested in the firm (Frey & Cruz-Cruz, 2009). The stakeholder theory looks at a firm as a series of groups with different relationships spread among the corporation. A stakeholder could be an internal organizational member, such as an employee, or an external, member; such as a customer or supplier Stakeholders has the potential to influence the company through words, deeds, and actions (Schneider, 2002). The stakeholder theory asks


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