Be sure to read 1.2.7: Business Ethics and Corporate Responsibility. (attached)
Using the Willey Library resources, access and read the following article:
Porter, Michael E., and Mark R. Kramer. “Strategy and Society: The Link between Competitive Advantage and Corporate Social Responsibility.” (Links to an external site.) Harvard Business Review 84, no. 12 (December 2006): 78–92. (https://hbr.org/2006/12/strategy-and-society-the-link-between-competitive-advantage-and-corporate-social-responsibility )
Comment on your evaluation of stakeholder theory in the context of the Porter & Kramer article. How does this compare to shareholder theory? As stated by Velasquez (2018), “The two theories are critical to one’s view of the important question: What is the purpose of business?” (p 17).
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