STAKEHOLDER THEORY IN AMERICA
Case 1:THE HISTORY OF BUSINESS ETHICS AND STAKEHOLDER THEORY IN AMERICA
The first part of your reading in Daniel Terris’ book will include an overview of Lockheed Martin’s organization and will lay out the research plan that Terris used to obtain information necessary for his work. This will be followed by a general overview of the evolution of business ethics in America.
Based on your readings, describe what you consider to be the responsibility of top leadership in a large organization with respect to reaching a balance between profits and stakeholder concerns. Please support your position by giving some examples from the text or from other sources where CEOs did a good or poor job of finding this balance.
Terris discusses the history of business ethics in America since the late 1800s with respect to anti-competitive practices, seeking unfair advantage through immoral arrangements with suppliers and public officials, failing to adhere to laws and regulations, and lack of transparency. Discuss to what extent you believe things to be better or worse in the present day for businesses in general.
Describe welfare capitalism and its role as a forerunner of the contemporary business ethics movement.
On page 41, Terris discusses the ideas of Howard Bowen regarding the evolution of social responsibility of businesses. To what extent do you think his predictions held true since 1953?
According to the Publication Manual of the American Psychological Association, there are three reasons why we need to use proper citations and references.
“To ensure the accuracy of scientific knowledge” (p.11). – How do we know if what you are reading is really the truth? We can look at the citation and the reference and do further research to make sure what you are reading and what you are basing your research on is correct.
“To protect the rights and welfare of research participants” (p.11). – People deserve to get credit for their work. When you earn a degree and go on to do research, you will want credit for the work you have published.
“To protect intellectual property rights” (p.11). – When we refer to inventions, we should give credit to the person who invented the item, trademarked the item, or developed a design. This protects their work.
A reference system also allows the reader to use the in-text citation and reference page to find out how to do further research when they find a topic of interest. It can save a lot of time.
As educated students, we should know the APA Style rules and work to perfect them.
Below are three common mistakes that cost Trident Students. Reviewing these examples should help you improve your grade and also make future assignments easier.
APA Point 1: Where does the period go?
The use of a period. The period indicates the end of a sentence. However, if we put the period before the in-text citation, we are actually beginning the next sentence with the citation. Therefore, the period goes after the citation.
Another misuse of the period is putting it before the citation and another after the citation. This is not correct. The period goes after the in-text citation.
Example: Intercultural Communication is quite important in how we deal with individuals from different Countries and even from different neighborhoods of our cities (Pearson, 2015b). – Notice where the period is.
APA Point 2: Do we need to use Quotation Marks?
When using information word for word from someone else’s work, quotation marks are necessary. This example illustrates the use of quoted material at the end of the sentence, followed by a citation and reference. The reference will also include the page numbers.
Example: When we are writing a Negative Letter, there are numerous authors who recommend starting the letters with a buffer. Remember, “Openings for negative messages are often called Buffer Beginnings because they are designed to buffer the negative message that will follow” (Bowman, 2002, p. 1).