Assignment Task
Friedmans Classical Perspective refers to the perspective that the primary goal of business is to maximise the economic efficiency while continually acting within the boundaries of the law. This neglects the idea of ethical behaviour, and chooses to only use the law as the minimum form of ethical boundary.
Freemans Stakeholder Perspective is considered to be the polar opposite of Friedmans Classical Perspective. Hence, it refers to the idea that business is a matter of respecting stakeholder’s rights rather the viewing stakeholder’s constraints.
Managers can distinguish three different steps involved in the assessment of safety from an ethical point of view:Firstly, the determination of how much safety is attainable, and how to attain it in a given contextSecondly, deciding how much safety is demanded with respect to a particular product or activity. This requires an understanding of what constitutes acceptable risk.Thirdly, ascertaining whether the production and/or operation of particular good or service concurs with the accepted levels of risk
First, make the moral minimumNext, whistle-blowingFirst, make the moral minimumNext, whistle-blowing.
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