USE THIS 4) CLAIM, ALSO USE STAKEHOLDER MODEL TO ANSWER 26,

4) Stakeholder interest underscore that business ethics extend individual morality to encompass social dimensions,necessitating collective action and regulation.

26) In light of the defense and criticism of the claim in 4, do you now think that the claim in 4 is correct, incorrect, or that it is correct in some modified form? Explain why. [For example: Not necessarily due to the examples, but due to the principled objections, it seems that being moral is neither necessary nor sufficient for success in business. One may achieve success in business without morality, and being moral may not prevent (and may even cause) business failure. However, the point of success in business is to live a good life and it would be a failure to achieve success in business while at the same time undermining the possibility of living a good life. Good life includes morality as something that should be practiced, or at least not violated, at all times. Persons who know that they act immorally also know that they act without dignity and self-respect of a rational being, according to Kant. If one has to deceive and steal in order to survive, one may do it out of necessity, but one will also choose to be in a situation where one makes ones living honestly and with respect for all human beings. Likewise, persons who act without virtue dishonestly, greedy, without compassion do not have fulfilling relations with others (friends, family, colleagues, neighbors) once they become dishonest, greedy, and selfish persons in all areas of their lives, as a result of cultivating those habits in their business life. That is the virtue ethics argument. Therefore one must be moral in business, or as moral as possible. And, as was mentioned in the support for the claim, being moral in business can significantly increase employee dedication and loyalty of consumers and other stakeholders, which would in turn lead to greater success in business.]