Quote from
the Transcript:
“That’s what stakeholder theory is – it says: business creates value in a responsible way that takes care of the environment, that tries to make the world a better place, that engages employees, and it makes money for shareholders. Those things have to go in the same direction. The idea that business and ethics and sustainability and responsibility are separate is an idea whose time has passed.”
Key Words:
Stakeholder theory; Freeman; business; ethics; value creation; managing stakeholder relationships; business ethics; differentiating stakeholders; Milton Friedman; building trust; capitalism; public trust in business; stakeholders; stockholders
About the Masters Seminars
in Business Ethics Video Series
The Masters Seminars in
Business Ethics video series features thought
leaders in business ethics addressing topics in
their particular fields of expertise, including
their approach to teaching business ethics. The
purpose of the series, which is available on the
Web, is to make the best thinking in business
ethics globally available free-of-charge for
educators, students, and managers interested in
embedding ethics into business practice. The
series is produced by the Business Roundtable
Institute for Corporate Ethics (www.corporate-ethics.org).
