Business Ethics

Friedman had done tremendous work in the business parameters through theories. For instance, stakeholder theory has been one of the few ethical philosophies which have proved to be important in business world. Stakeholder theory according to Friedman refers to what a business enterprise creates in terms of value in the most efficient and rational manner. It focuses on issues of environment, ways of making the world an appropriate place, makes money for all the shareholders in a particular organization. The theory also dwells in ensuring that the world continues to be an efficient place to

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