The reflection essay 2 is a moral discussion assignment. Please elaborate on you

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The reflection essay 2 is a moral discussion assignment. Please elaborate on your ideas discussed in Discussion post 2, providing a more detailed analysis and defense of your position. Make sure to appeal to moral reasoning, principles, and standards covered in class. You should also appeal to examples and illustrations from the covered content. (word limit 600-700
Topic for the discussion post 2:
“What, in your opinion, is the better justified model of social corporate responsibility that was discussed during class and in the textbook?”
Discussion Post 2:
The stakeholder model, in my view, is the best framework for corporate social responsibility. A theory of capitalism called “stakeholder theory” highlights the intricate and interconnected interactions between a corporation and its stakeholders, such as investors, customers, workers, suppliers, and communities. The notion states that a company should deliver value to all of its stakeholders, not only its investors. The theory of corporate governance asserts that shareholders, who own stock in a corporation, should manage and run the organization to maximize their profitability on the investments they have made in it. The shareholder-centric business model is another name for the corporation’s shareholder model (DesJardins, 2020). The stakeholder idea by Edward Freeman and others may be an expression of corporate social responsibility (CSR). The stakeholder model begins with the world as a whole and then travels out into the world to find out what sorts of ethical duties are out there. People and organizations who will or have been affected by the company’s actions are listed and described in this document. It then inquires, “What are their legal claims to the corporation?” “What are their rights to the behavior of the corporation?” and “Which duties and obligations may they lawfully put on a certain firm?” According to stakeholder theory, persons directly affected by a company’s activities have the right and the duty to influence the company’s future direction (DesJardins, 2020). We know that to maximize advantages for as many individuals as possible who are affected by the company, corporate directors are required under stakeholder theory to appeal to all parties and balance everyone’s interests and well-being. As a result, corporate directors are responsible for maximizing the advantages for as wide an audience as possible affected by the company’s operations. Stakeholder theory believes that those directly affected by a company have the right and duty to participate in its decision-making process.

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