Relevant frameworks from the chapter that can be related to the article:
- Friedman’s traditional view of business responsibility
- Carroll’s view of business responsibility
- The need for an ingrained culture of ethics rather than just a code of ethics
- The role/pressure of decision makers, consumers, competitors, community members and investors in promoting social responsibility
- Profitable to be socially responsible
- Impact of internet on Social responsibility
- Social media
- The importance of large corporations to rethink their visions and objectives to maximize shareholder’s return.
Give practical examples of companies attempt at business ethics:
- Coca Cola, Visa
- Walmart’s attempt
Conclusion
- The importance of the triple bottom (people, planet and profit) line in business success now and in the future
As this article covers most of the major frameworks in the chapter, gives practical examples of business ethics being used now by organizations and suggests a competitive strategy for the future, I recommend this article.
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