Essay - The Powerful Stakeholder Policy to Prevent Industrial Environmental Impact Friedman's...

The Powerful Stakeholder Policy to Prevent Industrial Environmental Impact

Friedman's stakeholder theory emphasizes the critical function of stakeholders in determining company's goals and responsibilities. Responsibility in a corporation is stated as *****dividual role of each employee and manager to act and report to the upper level and finally to the decision-making boards.

As the top-level management and decision makers, corporate directors address their responsibility to the stakeholders, literally as the "owners" of the company, to whom all the running processes in the *****, goal settings, and money spent should be reported. To follow ***** track, a ***** is tied to wh*****t h*****/her employers have defined in the tasks list. Whatever skills ***** creativity managers possess must be utilized within the range of responsibility *****y have ***** the stakeholders, as stakeholders are the top decision-making board.

***** directors ***** based on ***** interest of shareholders as *****. Scholl reads them as the "agents of the shareholders"; when there is any d*****cussion about ethical concern in the business operation, it should refer to the concern on shareholders' needs. The whole air to breath in the company is created by the shareholders funds, so that ***** employees need ***** show their maximum performance to make as much profit as possible. Companies will gain profit every time, which should be for the shareholders' benefits.

They need to comprehend stakeholders' demands to any definition of profit they define. Since for-profit organization finds financial satisfaction as the ultimate *****, most likely ***** will make the most of the operational actions to gain the success for this objective.

***** long time capitalism is the measurement of *****' success. Friedman thought ***** business is just a matter of management and strategy to gain pr*****its. When it has to deal with the places where the business operates in, it ***** qu*****e difficult to enforce them into responsibilities to the society. It is very common that business only concentrate on how to maximize resources ***** working performance to gain inclining annual profit, as ***** ***** success is the only ***** to value a *****. ***** fulfill the goals, business will make the most of the capitals and strategy, and stay in the clean competition to ensure public acceptance to the products. Environment issues are rare to be found in the *****'s description of "responsibility conse*****nces of contribution ***** the organization's member" (Demosthenous, 2000).

***** explains, ***** associates ***** as "private property"; they will see them on ***** own shoes. What ***** define as social / envir*****mental ***** is that they are operating within the lines, in ***** existing fair trade rules, "open and free competition."

***** "Beyond Grey Pinstripes," Edward Freeman emphasizes that companies can gain "competitive advantages" by putting the serious concern about environment, as one of their social responsibilities. They ***** ***** take society's future into account. ***** has been started anyway through several major studies as global warming, or species extinction, although usually scientists or society's pioneer starts it.

Freeman introduced environment as one ***** measuring factor