Question: A famous professor put the position that managers should do only the minimum as required by law in order to minimise costs and maximise profits,

A famous professor put the position that managers should do only the minimum as required by law
in order to minimise costs and maximise profits, in terms of managing pollution, safety and other
aspects in the workplace. His reasoning was that the clearly dominant requirement of managers is
to shareholders/owners, and to provide the highest profits to them that are possible. This view
assumes that other stakeholders are a means to that end. Compare and contrast this position with
that of sustainable development and take a position as to which view is most likely to be associated
with organisational success.
Include a definition, description, application, company example/relates to, positives/negatives.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!