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Profit Maximization Versus Stakeholders¡¯ View of Corporate Social Responsibility: An Experiential Exercise on Ethics and Social Responsibility for Business School Courses

Author

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  • Sukumar C. Debnath
  • Sudhir R. Tandon
  • B. Brian Lee

Abstract

While issues related to ethics and social responsibility have gained tremendous significance in corporate and academic worlds during the recent times, these concepts are difficult to grasp and even more difficult to teach in a classroom setting. This experiential exercise serves as a vehicle for students to enhance their understanding and insights on these concepts as they critically examine, in a highly involved setting, the two opposing views of corporate social responsibilities--profit maximization only versus stakeholders¡¯ view of social responsibility.

Suggested Citation

  • Sukumar C. Debnath & Sudhir R. Tandon & B. Brian Lee, 2018. "Profit Maximization Versus Stakeholders¡¯ View of Corporate Social Responsibility: An Experiential Exercise on Ethics and Social Responsibility for Business School Courses," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 9(6), pages 69-75, November.
    • Handle: RePEc:jfr:ijba11:v:9:y:2018:i:6:p:69-75
    DOI: 10.5430/ijba.v9n6p69
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    References listed on IDEAS

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    1. Elaine Sternberg, 1997. "The Defects of Stakeholder Theory," Corporate Governance: An International Review, Wiley Blackwell, vol. 5(1), pages 3-10, January.
    2. Phillips, Robert & Freeman, R. Edward & Wicks, Andrew C., 2003. "What Stakeholder Theory is Not," Business Ethics Quarterly, Cambridge University Press, vol. 13(4), pages 479-502, October.
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