Op 20 mei vond de 1e expositie van Gert Veenhoven plaats in de Melkfabriek Bunne in het kader van de "Kunst Thuis" kunstroute van de Culture Raad Eelde.
De prospectus geeft een overzicht van de schilderijen en de context waarin Gert schildert.
63 Citaten van of quotes van Albert Einstein. Gevleugelde woorden, oneliners,...André de Boer
Albert Einstein zal lang in de herinnering blijven als een vriendelijke, bescheiden man, wiens wetenschappelijke genie een hele wereld van kennis opende. Zijn naam zal in de geschiedenis vermeld worden als een van de grootste wetenschappelijke denkers die ooit heeft geleefd.
Prezi product strategy - a framework for fixing a balloona b
This was a hypothetical task to improve Prezi. However I have worked out a generic framework for product strategies within this context. I suggested Prezi in the actual stage is a balloon which always can be described a high level of fashionly hype without real and solid foundations for retaining value to be used later as working capital.
Which of the following is true in a monopolyA.)Business owner.docxjolleybendicty
Which of the following is true in a monopoly?
A.)Business owners should focus on pricing products correctly so customers will choose it over other products.
B.)Business owners should focus on other business functions, since advertising will not impact the success of their products.
C.)Business owners should use marketing to emphasize the unique features offered by their products.
D.)Business owners should bring their products to market quickly, before another company can create a similar product
This is the Passage for this question
1. Suppy and Demand
The law of demand in economic terms is defined as a downward sloping curve on a graph where price is the y-axis and quantity is the x-axis. What we're going to see is as price goes down, quantity sold increases. So, as a product becomes more available at a lower price, people will tend to want to buy more of it, and therefore, the quantity demanded will go up.
The law of supply, on the other hand, is the opposite story. As the price increases, more producers will want to get into the market, which will affect how much product will be available in the market, because more people are coming in and trying to make a profit on the current price. As price goes lower, the law of supply says that the quantity will also go down.
1a. Market Price and Equilibrium
Market price
is the current price of a good or service at which a customer is willing to pay. Let's put our supply and demand curves together on a graph, and set the market price at the point marked with the dot. This will represent, given the current situation, what a customer is willing to pay.
hint Keep in mind that these things are always in flux, so you'll never see them static, like they're represented here. This is just for the sake of demonstration.
Equilibrium price
is the price at which quantity demanded and quantity supplied will meet. Recall where we set our market price, the price at which a customer is willing to pay given the supply of a particular product. What's going to happen is that the lines will move around until equilibrium is met, as shown below.
This is the price, given the supply and demand curves, where price will be at an equilibrium, all other things being equal.
terms to know
Market Price The current price of a good or service which a customer is willing to pay Equilibrium Price The price at which quantity demanded and quantity supplied meet
1b. Surplus and Shortage
Surplus
is when there's more supply of a product than demand.
Shortage
is when there's more demand for a product than there is supply.
This is going to affect the price, obviously. Surpluses will mean lower prices, while shortages mean higher prices.
The size of a business is going to have an effect on how they can cope with surpluses and shortages. Larger organizations have more flex--more money--available, and they're able to look for more substitutions for a product than a smal.
Op 20 mei vond de 1e expositie van Gert Veenhoven plaats in de Melkfabriek Bunne in het kader van de "Kunst Thuis" kunstroute van de Culture Raad Eelde.
De prospectus geeft een overzicht van de schilderijen en de context waarin Gert schildert.
63 Citaten van of quotes van Albert Einstein. Gevleugelde woorden, oneliners,...André de Boer
Albert Einstein zal lang in de herinnering blijven als een vriendelijke, bescheiden man, wiens wetenschappelijke genie een hele wereld van kennis opende. Zijn naam zal in de geschiedenis vermeld worden als een van de grootste wetenschappelijke denkers die ooit heeft geleefd.
Prezi product strategy - a framework for fixing a balloona b
This was a hypothetical task to improve Prezi. However I have worked out a generic framework for product strategies within this context. I suggested Prezi in the actual stage is a balloon which always can be described a high level of fashionly hype without real and solid foundations for retaining value to be used later as working capital.
Which of the following is true in a monopolyA.)Business owner.docxjolleybendicty
Which of the following is true in a monopoly?
A.)Business owners should focus on pricing products correctly so customers will choose it over other products.
B.)Business owners should focus on other business functions, since advertising will not impact the success of their products.
C.)Business owners should use marketing to emphasize the unique features offered by their products.
D.)Business owners should bring their products to market quickly, before another company can create a similar product
This is the Passage for this question
1. Suppy and Demand
The law of demand in economic terms is defined as a downward sloping curve on a graph where price is the y-axis and quantity is the x-axis. What we're going to see is as price goes down, quantity sold increases. So, as a product becomes more available at a lower price, people will tend to want to buy more of it, and therefore, the quantity demanded will go up.
The law of supply, on the other hand, is the opposite story. As the price increases, more producers will want to get into the market, which will affect how much product will be available in the market, because more people are coming in and trying to make a profit on the current price. As price goes lower, the law of supply says that the quantity will also go down.
1a. Market Price and Equilibrium
Market price
is the current price of a good or service at which a customer is willing to pay. Let's put our supply and demand curves together on a graph, and set the market price at the point marked with the dot. This will represent, given the current situation, what a customer is willing to pay.
hint Keep in mind that these things are always in flux, so you'll never see them static, like they're represented here. This is just for the sake of demonstration.
Equilibrium price
is the price at which quantity demanded and quantity supplied will meet. Recall where we set our market price, the price at which a customer is willing to pay given the supply of a particular product. What's going to happen is that the lines will move around until equilibrium is met, as shown below.
This is the price, given the supply and demand curves, where price will be at an equilibrium, all other things being equal.
terms to know
Market Price The current price of a good or service which a customer is willing to pay Equilibrium Price The price at which quantity demanded and quantity supplied meet
1b. Surplus and Shortage
Surplus
is when there's more supply of a product than demand.
Shortage
is when there's more demand for a product than there is supply.
This is going to affect the price, obviously. Surpluses will mean lower prices, while shortages mean higher prices.
The size of a business is going to have an effect on how they can cope with surpluses and shortages. Larger organizations have more flex--more money--available, and they're able to look for more substitutions for a product than a smal.
Normally, CSR is considered as a thing to be conducted with passion and warm heart. I would not say that it is not. However, in the business world, even CSR should be supported by cold-blooded reasoning and decision makings. Here is what I considered about successfully being socially responsible in a realistic business world.
*I re-used some slides from my former ppt decks.
An opinion about what CSR staffs in South Korea thinks about the topic that they are dealing with, and what the topic should actually mean.
Please check http://www.duncansays.info for more communication.
Essay about A Good Business
Business Development Essay
Essay about My Business Idea
Essay On Business Structure
Business Organizations : Business Organization
Business Is All About Money
Essay Motivation in Business
My Business Essay
Business Plan
Startup Business Essay
Essay about Business Challenges
Starting and Running a Business Essay
An Introduction to Business Essay
Essay on International Business
Introduction to Business Essay
The Role of Business Essay
Business Management Essays
Solving The Issues Of The Business Essay
Business Leadership Essay
Business EthicsSummer 2022 (1)Week 2, Lecture 3ChaeyoungVannaSchrader3
Business Ethics
Summer 2022 (1)
Week 2, Lecture 3
Chaeyoung Paek
In today’s class…
We’ll see whether ethics and business could be compatible, based on Duska’s paper, “Business Ethics: Oxymoron or Good Business?”
There will be no in-class activity for this class; but feel free to leave questions or comments on the Q&A discussion forum for Week 2!
Business + Ethics?
We’re in a Business Ethics class, but many people think that business and ethics do not, and cannot, go together.
The argument behind this belief is probably goes like this:
Business (and the market) is driven by each economic agent’s self-interest and self-interest only;
Such an egoistic behavior is fundamentally immoral;
Therefore, business cannot be compatible with doing what’s moral.
Business + Ethics?
If that’s a valid & sound argument, it seems like there’s no point in taking (and teaching) Business Ethics class; there’s no such thing as business ethics!
But should business be always driven by each agent’s self-interest only? Does “good business” always include being unethical?
Let’s see how Duska answers this question in “Business Ethics: Oxymoron or Good Business?”.
Business’ Responsibility & Ethics
Many people believe that business’ only responsibility is to maximize its profits & that this is the reason why business and ethics do not go together.
(ex) Teresa Goodrich vs. The CEO of Aetna
(ex) Jack Welch’s hiring (firing?) practices
But this does not necessarily make business ethics oxymoron; some argue that business can do good by maximizing its profits.
Two approaches: Utilitarian approach & Strategy approach
The Invisible Hand Argument
“It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own interest … We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages… He generally indeed, neither intends to promote the public interest, nor knows he is promoting it ... and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this … led by an invisible hand to promote an end which was no part of his intention.”
From Adam Smith, The Wealth of Nations
The Invisible Hand Argument
The Invisible Hand argument:
P1. Our society benefits most either by each businessperson being benevolent to others or each businessperson pursing their own interest.
P2. It is not the case that our society benefits most by each businessperson being benevolent toward others.
C. Our society benefits most by each businessperson pursuing their own interest.
The Invisible Hand Argument
One Caveat about the Invisible Hand argument
Duska points out that Adam Smith himself never advocated business pursuing its self-interest without any restriction.
Smith claims that there are two things that motivate humans to act: self-interest and sympathy.
Smith also cla ...
The course is destined for beginners that want to learn about entrepreneurship and being in the business sector.
The main topics of the course are:
- Understanding entrepreneurship;
- The dream behind it all;
- Types of enterprises;
- Getting a business running;
- The business plan.
This course was elaborated under Erasmus+ programme, during #SoundBeatsTime project.
IN THIS SUMMARY
In Helping, Edgar H. Schein draws not only on his career expertise but from personal life experiences to establish a “general theory of helping” that holds true no matter what the social dynamics of the client/ helper relationship. Helping is a fundamental part of life: parents help their children, coaches their players, nurses their patients, managers their subordinates, yet despite its constant presence in daily life, the dynamics of giving and receiving help are poorly understood. When someone asks for help, they are temporarily lowering their own status and transferring status and power to the helper, creating an imbalanced relationship. Building a helping relationship means that the first client/helper interactions must be carefully managed by the helper toward building the client’s status up from their lower position and identifying which helping role to take vis-à-vis the client.
http://www.bizsum.com/summaries/helping
Review Conflicts of Interest and Self-Dealing in the Pro.docxgertrudebellgrove
Review: Conflicts of Interest and Self-Dealing in the Professions: A Review Essay
Reviewed Work(s): Conflict of Interest in the Professions by Michael Davis and Andrew
Stark
Review by: Thomas L. Carson
Source: Business Ethics Quarterly, Vol. 14, No. 1 (Jan., 2004), pp. 161-182
Published by: Cambridge University Press
Stable URL: https://www.jstor.org/stable/3857777
Accessed: 07-01-2020 05:46 UTC
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide
range of content in a trusted digital archive. We use information technology and tools to increase productivity and
facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]
Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at
https://about.jstor.org/terms
Cambridge University Press is collaborating with JSTOR to digitize, preserve and extend
access to Business Ethics Quarterly
This content downloaded from 137.111.162.20 on Tue, 07 Jan 2020 05:46:33 UTC
All use subject to https://about.jstor.org/terms
REVIEW ARTICLE
CONFLICTS OF INTEREST AND SELF-DEALING IN THE
PROFESSIONS: A REVIEW ESSAY
Thomas L. Carson
Conflict of Interest in the Professions
Michael Davis and Andrew Stark
New York: Oxford University Press, 2001; ISBN 0-19512863-X
This anthology begins with an excellent introduction by Michael Davis. Davis
1 identifies three overarching questions addressed in the book: 1. What is,
and is not, a conflict of interest? 2. What is morally wrong with conflicts of
interest? and 3. What should be done to handle or address conflicts of interest?
The papers included in this volume address conflicts of interest in a very
wide range of professions including the judiciary, the bar, government service,
journalism, accounting, engineering, corporate boards teaching, counseling,
anthropology, financial services, criticism, the film industry, medicine, and physi-
cal therapy. The great range of professions discussed allows for illuminating
comparisons between the issues faced by members of different professions. Most,
but not all, of the papers are of high quality and well worth reading. The papers
present a dizzying array of examples of conflicts of interests, some familiar,
others not. The book as a whole demonstrates the pervasiveness of conflicts of
interest in professional life and the centrality and importance of moral ques-
tions about conflicts of interest in professional ethics. I will not attempt to
summarize or describe all, or even most, of the papers included in this volume.
Instead, I will focus on a relatively small number of the papers those that ad-
dress the definition of conflicts of interest and conflicts of interest in business
and medicine. When appropriate, I discuss and refer to other important contri-
butions to the literature on conflicts of interests. I also venture an ac ...
Mercer Capital's Tennessee Family Law | Volume 3, No. 3 2020 Year | Valuation...Mercer Capital
Mercer Capital is the largest valuation and financial advisory firm in Tennessee with offices in Nashville and Memphis. Complex financial issues are a critical part of many of your client engagements. The focus of this newsletter is to provide useful content about these financial issues from the perspective of financial experts. We seek to help you assist your clients in financial and accounting matters.
This month we chatted with Freek Vermeulen, Associate Professor of Strategy and Entrepreneurship at the London Business School. He writes, consults and speaks across the world on topics such as strategies for growth, strategic innovation and making strategy
happen.
Learning and Development, in Focus; no Hiding Place for the SoulPeter Anyebe
Humanity’s greatest challenge that might even turn out to be the greatest bane would be the commitment to a course, which would be sufficiently strong, to motivate the required effort for success, even unto the death
Running head: BUSINESS ETHICS 1
BUSINESS ETHICS 7
Business ethics
Name
Institution
Business Ethics
Question 1: What is the moral point of view and why is it important? Does it make sense to say that business people must operate from the perspective of the moral point of view? Why, or why not?
Answer: Business ethics refers to the study of proper business policies and practices, with regards to the potential controversial issues such as corporate governance, discrimination, bribery among others (Madsen & Shafritz 1990). Business ethics are often guided by law and at times they provide a basic framework that businesses can choose to follow in a bid to acquire public acceptance. They are implemented so as to ensure that a particular required level of trust is in existence between consumers and the different types of market participants with the business entities. For instance, a portfolio manager has an obligation to give a similar consideration to the portfolios of family members and small individual investors. Such acts ensure public equality.
A moral point of view refers to approaching a problem or issue from the perspective of its being morally wrong or right or rather, morally excellent. As opposed to the Economic or Legal point of view, the moral point of view comprises of two main features. The first, is the commitment or willingness to search for reasons and act on them. The best action is that which is supported by the best possible reasons, as opposed to acting upon emotion, some already existing morality or without deliberation. The second feature is commitment to impartiality. This involves putting into consideration the interests of all in equal measure, rather than being self-interested. It is essential for business people to operate from the perspective of a moral viewpoint since, by so doing, they will be able to serve their customers well because it involves being careful about their interests. It is, therefore, sensible to state that business people must operate from this perspective (Madsen & Shafritz 1990).
Question 2: There are rather clear utility exchanges that are made between policies of due process and EAW. What are some ways that you can imagine that the utility losses required by a policy of due process may be minimized (or inherent inefficiencies you potentially see in EAW policies)?
Answer: Utility loss refers to the decline in the usefulness and, consequently, the value of a given asset. Loss of utility means the reason to write down the asset (National Consumer Law Center & United States 1994). One way of reducing utility losses required by a policy of due process is sufficient liquidity. With this, business persons can converge to a consensus price that reflects their collective information about the value of secur ...
Understanding emotions is not simple, but once you grasp the basics, you can actually determine what to do with them and identify opportunities to connect with your audience in meaningful ways.
Artikel over Filosofisch spel gepubliceerd in Filosofie&Praktijk, jaargang 37 nr 3 sept 2016. Met daarin een impressie Ideeënspel, over de vluchtelingenkwestie
In 2016 staat de maand van de filosofie in het teken van de grens. Deze lezing onderzoekt de grenzen van de grap. Zijn er grenzen aan de grap? Hoe zit dat met grenzen en humor?
Op 12 november 2015 vond in de regio Noord-Holland Noord de Dag van de Dialoog plaats. Een weerslag van de voorbereiding en de dialogen zelf staat in dit impressieverslag.
Normally, CSR is considered as a thing to be conducted with passion and warm heart. I would not say that it is not. However, in the business world, even CSR should be supported by cold-blooded reasoning and decision makings. Here is what I considered about successfully being socially responsible in a realistic business world.
*I re-used some slides from my former ppt decks.
An opinion about what CSR staffs in South Korea thinks about the topic that they are dealing with, and what the topic should actually mean.
Please check http://www.duncansays.info for more communication.
Essay about A Good Business
Business Development Essay
Essay about My Business Idea
Essay On Business Structure
Business Organizations : Business Organization
Business Is All About Money
Essay Motivation in Business
My Business Essay
Business Plan
Startup Business Essay
Essay about Business Challenges
Starting and Running a Business Essay
An Introduction to Business Essay
Essay on International Business
Introduction to Business Essay
The Role of Business Essay
Business Management Essays
Solving The Issues Of The Business Essay
Business Leadership Essay
Business EthicsSummer 2022 (1)Week 2, Lecture 3ChaeyoungVannaSchrader3
Business Ethics
Summer 2022 (1)
Week 2, Lecture 3
Chaeyoung Paek
In today’s class…
We’ll see whether ethics and business could be compatible, based on Duska’s paper, “Business Ethics: Oxymoron or Good Business?”
There will be no in-class activity for this class; but feel free to leave questions or comments on the Q&A discussion forum for Week 2!
Business + Ethics?
We’re in a Business Ethics class, but many people think that business and ethics do not, and cannot, go together.
The argument behind this belief is probably goes like this:
Business (and the market) is driven by each economic agent’s self-interest and self-interest only;
Such an egoistic behavior is fundamentally immoral;
Therefore, business cannot be compatible with doing what’s moral.
Business + Ethics?
If that’s a valid & sound argument, it seems like there’s no point in taking (and teaching) Business Ethics class; there’s no such thing as business ethics!
But should business be always driven by each agent’s self-interest only? Does “good business” always include being unethical?
Let’s see how Duska answers this question in “Business Ethics: Oxymoron or Good Business?”.
Business’ Responsibility & Ethics
Many people believe that business’ only responsibility is to maximize its profits & that this is the reason why business and ethics do not go together.
(ex) Teresa Goodrich vs. The CEO of Aetna
(ex) Jack Welch’s hiring (firing?) practices
But this does not necessarily make business ethics oxymoron; some argue that business can do good by maximizing its profits.
Two approaches: Utilitarian approach & Strategy approach
The Invisible Hand Argument
“It is not from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own interest … We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages… He generally indeed, neither intends to promote the public interest, nor knows he is promoting it ... and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this … led by an invisible hand to promote an end which was no part of his intention.”
From Adam Smith, The Wealth of Nations
The Invisible Hand Argument
The Invisible Hand argument:
P1. Our society benefits most either by each businessperson being benevolent to others or each businessperson pursing their own interest.
P2. It is not the case that our society benefits most by each businessperson being benevolent toward others.
C. Our society benefits most by each businessperson pursuing their own interest.
The Invisible Hand Argument
One Caveat about the Invisible Hand argument
Duska points out that Adam Smith himself never advocated business pursuing its self-interest without any restriction.
Smith claims that there are two things that motivate humans to act: self-interest and sympathy.
Smith also cla ...
The course is destined for beginners that want to learn about entrepreneurship and being in the business sector.
The main topics of the course are:
- Understanding entrepreneurship;
- The dream behind it all;
- Types of enterprises;
- Getting a business running;
- The business plan.
This course was elaborated under Erasmus+ programme, during #SoundBeatsTime project.
IN THIS SUMMARY
In Helping, Edgar H. Schein draws not only on his career expertise but from personal life experiences to establish a “general theory of helping” that holds true no matter what the social dynamics of the client/ helper relationship. Helping is a fundamental part of life: parents help their children, coaches their players, nurses their patients, managers their subordinates, yet despite its constant presence in daily life, the dynamics of giving and receiving help are poorly understood. When someone asks for help, they are temporarily lowering their own status and transferring status and power to the helper, creating an imbalanced relationship. Building a helping relationship means that the first client/helper interactions must be carefully managed by the helper toward building the client’s status up from their lower position and identifying which helping role to take vis-à-vis the client.
http://www.bizsum.com/summaries/helping
Review Conflicts of Interest and Self-Dealing in the Pro.docxgertrudebellgrove
Review: Conflicts of Interest and Self-Dealing in the Professions: A Review Essay
Reviewed Work(s): Conflict of Interest in the Professions by Michael Davis and Andrew
Stark
Review by: Thomas L. Carson
Source: Business Ethics Quarterly, Vol. 14, No. 1 (Jan., 2004), pp. 161-182
Published by: Cambridge University Press
Stable URL: https://www.jstor.org/stable/3857777
Accessed: 07-01-2020 05:46 UTC
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide
range of content in a trusted digital archive. We use information technology and tools to increase productivity and
facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]
Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at
https://about.jstor.org/terms
Cambridge University Press is collaborating with JSTOR to digitize, preserve and extend
access to Business Ethics Quarterly
This content downloaded from 137.111.162.20 on Tue, 07 Jan 2020 05:46:33 UTC
All use subject to https://about.jstor.org/terms
REVIEW ARTICLE
CONFLICTS OF INTEREST AND SELF-DEALING IN THE
PROFESSIONS: A REVIEW ESSAY
Thomas L. Carson
Conflict of Interest in the Professions
Michael Davis and Andrew Stark
New York: Oxford University Press, 2001; ISBN 0-19512863-X
This anthology begins with an excellent introduction by Michael Davis. Davis
1 identifies three overarching questions addressed in the book: 1. What is,
and is not, a conflict of interest? 2. What is morally wrong with conflicts of
interest? and 3. What should be done to handle or address conflicts of interest?
The papers included in this volume address conflicts of interest in a very
wide range of professions including the judiciary, the bar, government service,
journalism, accounting, engineering, corporate boards teaching, counseling,
anthropology, financial services, criticism, the film industry, medicine, and physi-
cal therapy. The great range of professions discussed allows for illuminating
comparisons between the issues faced by members of different professions. Most,
but not all, of the papers are of high quality and well worth reading. The papers
present a dizzying array of examples of conflicts of interests, some familiar,
others not. The book as a whole demonstrates the pervasiveness of conflicts of
interest in professional life and the centrality and importance of moral ques-
tions about conflicts of interest in professional ethics. I will not attempt to
summarize or describe all, or even most, of the papers included in this volume.
Instead, I will focus on a relatively small number of the papers those that ad-
dress the definition of conflicts of interest and conflicts of interest in business
and medicine. When appropriate, I discuss and refer to other important contri-
butions to the literature on conflicts of interests. I also venture an ac ...
Mercer Capital's Tennessee Family Law | Volume 3, No. 3 2020 Year | Valuation...Mercer Capital
Mercer Capital is the largest valuation and financial advisory firm in Tennessee with offices in Nashville and Memphis. Complex financial issues are a critical part of many of your client engagements. The focus of this newsletter is to provide useful content about these financial issues from the perspective of financial experts. We seek to help you assist your clients in financial and accounting matters.
This month we chatted with Freek Vermeulen, Associate Professor of Strategy and Entrepreneurship at the London Business School. He writes, consults and speaks across the world on topics such as strategies for growth, strategic innovation and making strategy
happen.
Learning and Development, in Focus; no Hiding Place for the SoulPeter Anyebe
Humanity’s greatest challenge that might even turn out to be the greatest bane would be the commitment to a course, which would be sufficiently strong, to motivate the required effort for success, even unto the death
Running head: BUSINESS ETHICS 1
BUSINESS ETHICS 7
Business ethics
Name
Institution
Business Ethics
Question 1: What is the moral point of view and why is it important? Does it make sense to say that business people must operate from the perspective of the moral point of view? Why, or why not?
Answer: Business ethics refers to the study of proper business policies and practices, with regards to the potential controversial issues such as corporate governance, discrimination, bribery among others (Madsen & Shafritz 1990). Business ethics are often guided by law and at times they provide a basic framework that businesses can choose to follow in a bid to acquire public acceptance. They are implemented so as to ensure that a particular required level of trust is in existence between consumers and the different types of market participants with the business entities. For instance, a portfolio manager has an obligation to give a similar consideration to the portfolios of family members and small individual investors. Such acts ensure public equality.
A moral point of view refers to approaching a problem or issue from the perspective of its being morally wrong or right or rather, morally excellent. As opposed to the Economic or Legal point of view, the moral point of view comprises of two main features. The first, is the commitment or willingness to search for reasons and act on them. The best action is that which is supported by the best possible reasons, as opposed to acting upon emotion, some already existing morality or without deliberation. The second feature is commitment to impartiality. This involves putting into consideration the interests of all in equal measure, rather than being self-interested. It is essential for business people to operate from the perspective of a moral viewpoint since, by so doing, they will be able to serve their customers well because it involves being careful about their interests. It is, therefore, sensible to state that business people must operate from this perspective (Madsen & Shafritz 1990).
Question 2: There are rather clear utility exchanges that are made between policies of due process and EAW. What are some ways that you can imagine that the utility losses required by a policy of due process may be minimized (or inherent inefficiencies you potentially see in EAW policies)?
Answer: Utility loss refers to the decline in the usefulness and, consequently, the value of a given asset. Loss of utility means the reason to write down the asset (National Consumer Law Center & United States 1994). One way of reducing utility losses required by a policy of due process is sufficient liquidity. With this, business persons can converge to a consensus price that reflects their collective information about the value of secur ...
Understanding emotions is not simple, but once you grasp the basics, you can actually determine what to do with them and identify opportunities to connect with your audience in meaningful ways.
Artikel over Filosofisch spel gepubliceerd in Filosofie&Praktijk, jaargang 37 nr 3 sept 2016. Met daarin een impressie Ideeënspel, over de vluchtelingenkwestie
In 2016 staat de maand van de filosofie in het teken van de grens. Deze lezing onderzoekt de grenzen van de grap. Zijn er grenzen aan de grap? Hoe zit dat met grenzen en humor?
Op 12 november 2015 vond in de regio Noord-Holland Noord de Dag van de Dialoog plaats. Een weerslag van de voorbereiding en de dialogen zelf staat in dit impressieverslag.
Is het mogelijk om de rollen tussen burger en politiek zodanig om te draaien dat de burger spreekt en de politiek luistert? In dit artikel gaan we in op enkele fundamentele vragen, die een publieke dialoog van burgers met politiek en andere betrokkenen met zich meebrengt. Gepubliceerd in Filosofie en Praktijk, Herfst 2015, pag 99-108
Ouderenzorg, onze zorg?; impressie van socratische dialoog in publieke ruimteCreathos bv
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Werff stakeholderconcept
1. The end justifies the means,
but what justifies the end?
Reflection on Sternberg;
stakeholder concept as a teleopathy
Saskia van der Werff
Creathos bv/2010
Saskia van der Werff/The end justifies the means, but what justifies the end
pagina 1 van 14
2. 1.
SAMENVATTING ........................................... 3
2.
ENGLISH VERSION....................................... 5
2.1
2.2
2.3
A QUESTIONABLE CONCEPT? ....................... 5
BUSINESS: A CONFUSING DEFINITION .......... 5
THE STAKEHOLDER CONCEPT: A
TELEOPATHY .......................................................... 7
2.4 BUSINESS AND PROPERTY RIGHTS ............... 8
2.5 JUSTIFIED LIMITATION: HARMFUL USE ........ 9
2.6 STAKEHOLDER CONCEPT: A
TELEOLOGICALLITY ............................................. 11
3.
BIBLIOGRAPHY .......................................... 13
Saskia van der Werff/The end justifies the means, but what justifies the end
pagina 2 van 14
3. 1.
Samenvatting
Maatschappelijk verantwoord ondernemen (MVO) introduceert in het bedrijfsleven een morele houding ten opzichte
van mens en milieu. Volgens critici is deze morele houding
ongewenst, omdat het ziekmakend is voor het bedrijf. Klopt
deze kritiek?
In Just Business stelt Sternberg dat het stakeholder
concept onverantwoord is. Hiermee bedoelt zij dat
elk bedrijf dat dit concept toepast, zijn belangrijkste doel mist. Wat is dan het belangrijkste doel van
een bedrijf? Volgens Sternberg is dit het realiseren
van lange-termijn waarde voor de eigenaar van het
bedrijf. Laten we nu eens aannemen, dat dit eigenbelang inderdaad het belangrijkste doel is van het
bedrijf. Dan zou je inderdaad kunnen stellen dat
een bedrijf, dat de belangen van een stakeholder
gelijk gewicht meegeeft, die lange-termijn waarde
voor de eigenaar niet haalt. Het bedrijf moet dan
concessies doen en de eigenaar gelijk stellen aan
andere betrokkenen. Sternberg brengt met deze
kritiek een belangrijk punt onder de aandacht. Een
bedrijf is geen overheidsinstelling. Zodra een bedrijf zichzelf dwingt alle belangen van stakeholders, inclusief zijn eigen belang, gelijk te wegen,
Saskia van der Werff/The end justifies the means, but what justifies the end
dan verdwijnt het onderscheid tussen overheid en
bedrijfsleven. De overheid is gebaseerd op het
principe van gelijkheid, het bedrijfsleven is gebaseerd op het principe van verscheidenheid. Het
bedrijf mag en moet onderscheid maken tussen
belangen van stakeholders en mag zelf bepalen hoe
belangrijk hij deze belangen vindt. Wil dit dan ook
zeggen dat hij helemaal geen rekening met de belangen van stakeholders hoeft te houden, iets wat
Sternberg claimt?
Dit gaat nu ook weer te ver. Om Sternberg zelf
hierbij aan te halen: een bedrijf is een eigendom
van een eigenaar. Het hebben van eigendom is
geen vrijbrief voor die eigenaar. Volgens de eigendomstheorie zit er een morele beperking in het
toepassen van een eigendom. Dat is de plicht anderen niet te schaden. Dat betekent dat een stakeholder het recht heeft om beperkingen aan een
bedrijf op te leggen, zodra hem schade wordt berokkend. Het stakeholder concept is dan niet een
onverantwoord maar juist een verantwoord concept. Pas als het stakeholder concept het principe
van gelijkheid aan het bedrijfsleven opdringt, is het
onverantwoord.
pagina 3 van 14
4. Maar nu het doel van elk bedrijf. Klopt het inderdaad dat het doel van elk bedrijf de lange-termijn
waarde van de eigenaar is? Dat roept vragen op
wat het doel van dit doel is. Het doel rechtvaardigt
de middelen, maar wat rechtvaardigt het doel? Het
stakeholder concept maakt duidelijk, dat nu juist
deze vraag beantwoord moet worden. Niet alleen
de eigenaar van het bedrijf van het bedrijf rechtvaardigt het doel van het bedrijf, de samenleving
speelt hierbij ook een rol. En dan verschuift de
vraag van het doel. Het doel rechtvaardigt de middelen, maar wie rechtvaardigt het doel?
Saskia van der Werff/The end justifies the means, but what justifies the end
pagina 4 van 14
5. 2.
2.1
English version
A questionable concept?
In Just Business, Sternberg regards the stakeholder
concept as a teleopathy. By this she means that any
business that applies the stakeholder concept, does
not realize maximum long-term value for his owner. It introduces other goals into the business,
which undermines its ‘health’. Any other goal than
this long-term owner value is the wrong end for a
business to pursue.i The stakeholder concept is
thus not teleologic but teleopathic. In this essay I
will reflect on the stakeholder concept as a
teleopathy. Is it indeed a questionable concept? My
reflection will be concerned with two fallacies of
Sternberg’s definition of business and her rejection
of the stakeholder concept as an unsound business
theory.
In the first paragraph I will make clear what
Sternberg’s definition of business is and why it is
confusing. She argues that the stakeholder concept is a teleopathy, because it undermines the teleological basis of her definition of business. If this
definition does not hold, than her critique misses
its central argument. I will conclude that Sternberg
ends up with the same fallacies of which she accuses the theorists of the stakeholder theory.
However, these fallacies are not sufficient to reject
Saskia van der Werff/The end justifies the means, but what justifies the end
her definition nor are they sufficient to classify the
stakeholder concept as a teleopathy. In the second
paragraph I will explore why the stakeholder concept is a teleopathy. If the stakeholder theory introduces the principle of equality into the private
sphere of business, Sternberg is justified in her critique. In the following paragraph I will uncover
the implications of her claim that the business is a
property, thus bridling the owner with property
rights. It enables an evaluation of Sternberg’s argument that the stakeholder theory undermines
the property rights of a owner. In the penultimate
paragraph, the stakeholder concept is cured from
its teleopathy by arguing that the limiting power of
the stakeholder is acknowledged by the duty of
prohibition of harmful use. In the last paragraph I
will conclude that Sternberg isolates one link of
the never ending chain of means and ends. By exemplifying this chain, the stakeholder theory can
be classified as a teleologicallity.
2.2
Business: a confusing definition
Sternberg defines business as: ‘a very specific, limited action, whose defining purpose is maximizing
owner value over the long term by selling goods or
services’. Does this definition help to clarifyii what
business is or does it confuse our understanding of
business?
pagina 5 van 14
6. The first confusing aspect of this definition is
the element that business is an action. How can
business be an action when business is not a verb?
It cannot be an activity as such. ‘Doing business’
on the other hand is one of the activities that humans can undertake. Why is it important for
Sternberg to include action in her definition? As
ethics is only relevant for human action, it is important to stress the fact that business is a human
activity. If business cannot be considered as action,
ethics would be of no relevance to business. By
defining business as an activity, she is bending
grammatical rules. Sternberg criticizes theorists of
the stakeholder concept by claiming that these
theorists confuse ‘the desirable with the essential’iii.
By adding desirable aspects (action) to her definition, she is doing the same thing of which she accuses the theorists of the stakeholder concept.
What also adds to the confusion, is the unclear
notion of the owner. To whom does she refer in
this definition: the owner of what? When Sternberg says that a business is an organization, an associationiv that wants to maximize financial value
for its owner(s)v, it can be assumed she refers to
the owner of a business. Since a manager or a
salesperson are also ‘doing business’, but do not
own the business, it can be concluded that not only the owner but all other actors who are doing
business, ought to maximize the owner’s longSaskia van der Werff/The end justifies the means, but what justifies the end
term value. Sternberg could alter her normative
definition into ‘a very specific, limited action,
whose defining purpose is maximizing value over
the long-term for the owner of a business by selling
goods or services’. The tacit aspect of the definition of business is than explicit. Unfortunately, this
means that Sternberg is using the definiendum in the
definiens. Her definition can be classified as a ‘begging the question’ argument, which is a fallacy.
Sternberg could solve this fallacy by stating that
business can have multiple meanings. She could
add that the meaning of doing business is not the
same as owning a business but that they have the
same purpose. This would turn out to be problematic as well, for Sternberg is quite clear in her intention with defining business. Sternberg wants to
stress the unchanging nature of business, which is
everywhere and always the same.vi The fact that a
concept can have multiple meanings at the same
time is something she is trying to overcome by
strictly defining business in a unequivocal manner.vii By distinguishing business from other kinds
of human activities and associations, Sternberg is
stripping business of all accidental properties. The
remaining properties, which she includes in her
definition, are exclusive and essential for business,
whether it is an action or a thing. Assuming that in
both the definiendum and the definiens, business
means the same, Sternberg actually provides a conpagina 6 van 14
7. fusing definition.
With her definition of business, Sternberg confuses our understanding of this concept. First,
‘business is action’ is bending grammatical rules as
well as confusing the desirable with the essential.
Secondly, her definition contains a fallacy. Sternberg’s definition is thus not the unequivocal definition as she claims it to be. Again, Sternberg is doing the same thing of which she accuses the theorists of the stakeholder concept: constructing the
definition of a phenomenon to serve here purposeviii. And if this is reason enough to reject the
stakeholder concept, should we do the same with
her business concept?
The equivocal definition of business surely
weakens Sternberg critique of the stakeholder concept.
If she uses the equivocality of the stakeholder concept as an important reason for rejecting it, does
this mean that her concept of business is to be rejected as well? As her critique comprises a multiple
argumentation, the conclusion is that her argument
of the teleopathy cannot be rejected on basis of a
confusing definition alone. In the next paragraph I
will explore why the stakeholder concept is a
teleopathy and focus on another part of the argument.
Saskia van der Werff/The end justifies the means, but what justifies the end
2.3
The stakeholder concept: a teleopathy
The striking aspect of Sternbergs theory is the teleological basis of it. Any business is teleological
when its goal is maximizing the long-term value of
its owner. Any other goal, that does not attribute
to the long-term value of its owner, is not teleological. What does Sternberg understand by the
stakeholder concept and why is it a teleopathy?
A stakeholder is any group or individual in
which the business has a stake. In other words, a
stakeholder is any group or individual without
which the business cannot survive. Sternberg advances that in the teleopathic stakeholder concept
the holder of the stake has shiftedix. No longer is
the business the holder but the group and the individuals. The consequence of this shift is that
every stakeholder becomes as important to the
business. The stake of the owner is of no more
importance than that of a employee, a customer of
any other stakeholder. This assumed equality of
stakes is not suitable for the context of a business
but is exclusively suitable for a government. As the
principle of equality applies both to business and
to government, which has to treat all citizens alike,
than the primacy of the government gets blurred.
This political argument is also used by Arendt,
who claims that the guiding principle of the public
is equality and of the private variety.x The distinction between the public and the private is copagina 7 van 14
8. herent with Sternberg’s distinction between government and businessxi. Grounded by the principle
of variety, a business owner is justified to distinguish between different stakes of stakeholders and
prioritize between them. Introducing the principle
of equality into the private sphere is teleopathical.
Under the assumption that the stakeholder concept is based on the principle of equality, does this
lead to rejecting all claims of stakeholders as
teleopathical? For answering this question, we
need to go into Sternberg’s argument in more detail.
2.4
Business and property rights
Sternberg argues that the stakeholder theory is a
teleopathy, because it undermines private property:
‘it denies owners the right to determine how their
property will be used’xii. If Sternberg posits the
business as a property, what does she mean by this
concept? And is the right to determine how a
property is used a sufficient and necessary condition for the property right of a owner? Sternberg
does not answer these questions.
Sternberg’s conclusion that the stakeholder theory is teleopathic as it undermines the rights of the
business-owner as proprietor, needs further argumentation. The only argument Sternberg offers, is
that the stakeholder theory cannot impose limitaSaskia van der Werff/The end justifies the means, but what justifies the end
tions on an owner, beyond those imposed by
property rights. Stakeholders are not to determine
how a business owner can use his property. By
forcing a business owner to accept responsibility
for the stakes of stakeholders, a stakeholder determines how a business owner uses his property.
This limitation does not only go beyond justified
property rights but it also goes far beyond the
purpose of the business and is therefore a
teleopathy. But what if the limitations of stakeholders do not go beyond those of property
rights? In order to settle this problem, we will have
to find out what a property right is.
In Property Rights, Becker addresses this issue. He
argues that there are three justified lines of argumentxiii for property rights. Each of these lines includes a specification of a just limitation of the
rights of an owner. What is a property right and
how is it limited?
A property rightxiv is an aggregate of rights that
an owner of a thing can claim. From the right to
own a thing as private property, as the owner of a
business does, follows the duty of the non-owners
(i.c. the stakeholders) not to interfere with this
property. The question, what a sufficient condition
of a property right is, can be answered by Becker’s
definition of a property right. He argues that the
right to use a property (viz. Sternberg’s argument)
is just one of the constituting rights within the agpagina 8 van 14
9. gregate. Other elements are the right to the capital,
the right to possess, the right to income and the
right to manage.xv In order to claim a property
right, it is sufficient to establish the right to the
capital in combination with one of the other rights.
Sternberg’s argument, that the stakeholder theory
undermines the property of the owner, is not sufficient for it does not interfere with all the rights a
business owner has. Furthermore, the right to use
a business is of less relevance for the purpose of
the business, namely maximizing the long-term
value, which can be classified as a right to the income.
Does this mean that a stakeholder is morally allowed to impose limitations on a business owner,
within his property rights? Becker also gives an
answer to this question. The only duty a property
owner has is the prohibition of harmful use. This
means that each stakeholder has a legitimate claim
on the business owner, when the owner affects
him in a harmful way. The business owner has a
moral responsibility to any stakeholder, on whom
he inflicts harm. Each of the three lines of argument provides an explanation of this limiting duty.
What do these lines of argument enlighten on the
duty of the business owner?
Saskia van der Werff/The end justifies the means, but what justifies the end
2.5
Justified limitation: harmful use
The first line of argument is derived from the labor theory. Each worker or producer can appropriate the profits of his labor if they exceed moral
requirements. The point here is not that the business owner deserves the fruits of his property but
that nobody else does. When a business owner is
not giving a stakeholder what he deserves, he can
be justifiably limited by the stakeholder. Means of
production that are taken away from somebody
else without compensating him with what he deserves, cannot be claimed as a property. Becker
argues that this duty is more stringent in competitive situations. For example, when a producer deliberately uses natural resources in order to reduce
costs, without compensating present or future
stakeholders, he can be morally limited by stakeholders. This duty is also relevant in the international business context; (child)labor cannot be a
morally justified resource, when the employee does
not get what he deserves. The absence of laws
does not dismiss off this moral duty. The most
problematic aspect is to determine what a (future)
stakeholder deserves and who is to decide upon
the compensation due.
The second line of argument supposes that people need to acquire and use certain things for their
individual happiness and wellbeing. It is ‘a good
thing’ that people fulfill their needs. The busipagina 9 van 14
10. ness is a useful instrument for this aspiration. The
business owner has a moral duty to limit himself
when his individual happiness and wellbeing is secured. From this argument it follows that a business owner has a moral duty to limit his ownervalue. Sternberg will certainly oppose to this argument for it will enhance the limitations a stakeholder can morally impose. What Sternberg needs
is another purpose of the business, which can influence this claim of stakeholders. Could it be possible that a business has a social purpose, such as
‘producing goods and services under the conditions of a fair income for the business owner’? Is
Sternberg neglecting a business purpose beyond
the interest of the owner, that can influence this
limitation? This question can only be answered by
exploring the existence of intrinsic or other values
of the business. As Sternberg is explicitly rejecting
any other value of the business besides the value
of the owner, she does not have an additional argument to address this limitation.
The last line of argument is a political one: people as business owners have the liberty to exclude
others from their properties and use it for their
own welfare. Property rights cannot be limited, for
it eliminates political liberties. This limitation is a
negative one, for it supposes that is bad to limit
the political liberty of people. xvi The business
owner can maximize his long-term owner value as
Saskia van der Werff/The end justifies the means, but what justifies the end
long as he does not harm the political liberty of
stakeholders. This argument is in line with Sternberg’s argument that the business owner can pursue his goal as long as he abides by the law.
The three lines of argument provide three interpretations of the duty of prohibition of harm. The
stakeholder can impose limitations on a business,
when he does not get what he deserves, when the
business owner exploits his business beyond his
personal happiness and wellbeing and when the
business harms his political liberties. Which duty
prevails, depends on the situation.
When Sternberg argues that the stakeholder theory cannot restrict the owners long-term value
beyond those limitations imposed by property
rights, she cannot but acknowledge the duty of
prohibition of harmful use. With this acknowledgment she introduces an ambiguous element
into her theory of business ethics. Each line of argumentation carries with it another interpretation
of harmful use. What the exact content of this duty is, depends on the situation. Furthermore, it is
not a simple matter of choosing between the three
limitations, that follow from this duty. This choice
is proceeded by a moral judgment. And this moral
judgment cannot be evaluated against Sternberg’s
definition of business, for it surpasses the private
sphere. Assuming that this judgment falls within
the boundaries of the public sphere, than the prinpagina 10 van 14
11. ciple of equality appliesxvii. It is not just up to the
business owner but as a moral judgment, it is up to
all the stakeholders to make this judgment. And
that is not a teleopathy but a teleologicallity.
2.6
Stakeholder concept: a teleologicallity
In this essay I reflected on the stakeholder concept, that Sternberg calls a teleopathy. My first reflection was aimed at her definition of business as
the central argument of her critique. I had to conclude that despite the fallacies in her argument, her
confusing definition could not be rejected on basis
of these fallacies. Bending grammatical rules, confusing the desirable with the essential and a ‘begging the question’ reasoning do result in a confusing definition but not in a argument for rejecting
this definition all together.
My second reflection dealt with the teleopathy of
the stakeholder concept. After exploring the
stakeholder concept and its teleological problem, I
concluded that Sternberg has a point. Transferring
the principle of equality from the public into the
private sphere blurs the demarcation between the
two spheres. Sternberg is trying to uphold this
demarcation.
Having concluded that, I could not proceed rejecting all claims of stakeholders as teleopathical
before getting into Sternberg’s argument in more
Saskia van der Werff/The end justifies the means, but what justifies the end
detail. Arguing with Sternberg, the stakeholder
concept is teleological as long as it does not limit
the purpose of the business, the maximizing of
owner-value, beyond the owner’s property rights.
On basis of the same property rights, Sternberg
cannot but admit the duty of prohibition of harm.
From this admittance, if follows that any stakeholder is justified in limiting business’ purpose
when it is doing him harm. Sternberg’s teleopathy
shifts to a teleologicallity.
The stakeholder concept is not a questionable
concept, as long as it respects the rights and duty
of the business-owner as proprietor. Not until the
stakeholder theory introduces into the private
sphere the principle of equality, does it become a
teleopathy.
Sternberg is defining business in a teleological
way. She places the category of means-ends in the
heart of her theory. The end of a business is maximizing long-term value for the business owner;
the means are the goods and services it produces.
The stakeholder concept is, according to Sternberg, not the just means to this end. But, as each
end becomes a means to a higher end, is business
the ultimate end of the chain of human society?
Or is business a means to some higher end? As
Sternberg extricates just one link out of the chain
of means and ends, posing it as a solitary link, she
seems to imply that business is the ultimate end of
pagina 11 van 14
12. society. The question what justifies this end, becomes unanswerable. From a broader perspective,
the stakeholder concept is metaphorically another
link; with it a clearer picture of the chain comes to
light. One of the pitfalls of the means-ends category is that it can be captured in a never ending
chain. What counts as means at one point, is an
end from another perspective. From the perspective of the stakeholder theory, Sternberg has fallen
into this pitfall. She has switched the means of
business with its end. Another definition of business can follow from this perspective: ‘a very specific, limited action, whose defining purpose is selling goods or services by maximizing long-term
owner value’. Does this definition capture the essences of business better than Sternberg’s definition? The stakeholder concept does not supply this
answer, neither does Sternberg. But what the
stakeholder perspective does show, is that there is
more to business than just business.
Saskia van der Werff/The end justifies the means, but what justifies the end
pagina 12 van 14
13. 3.
Bibliography
Arendt, H. (1970) Lectures on Kant’s political philosophy
(Chicago: University of Chicago Press 1992)
Arendt, H. (1951) The origins of totalitarianism (New
York: Harcourt 1985)
Arendt, H. (1959) ‘Overpeinzingen bij Little Rock’ in
Responsibility and Judgment vertaald in Verantwoordelijkheid en oordeel (Rotterdam: Lemniscaat 2004)
Becker, L.C. & Becker, C.B. (ed) (1992) Encyclopedia of
ethics (New York/London: Garland Publishing)
Becker, L.C. (1977) Property rights; Philosophic foundations
(Boston: Routlegde&Kegan Paul 1980)
Hume, D. (1739-1740) A treatise of human nature vertaald
in Traktaat over de menselijke natuur (Amsterdam:
Boom 2007)
Kaptein, M. & Wempe, J. (2002) The balanced company, a
theory of corporate integrity (New York: Oxford University Press)
Roothaan, A. (2005) Terugkeer van de natuur; De betekenis
van natuurervaring voor een nieuwe ethiek (Kampen:
Klement)
Sternberg, E. (1994) Just business; Business ethics in action
(New York: Oxford University Press)
Sternberg, E. (1999) ‘The stakeholder concept: A mistake doctrine’ Foundation for Business Responsibilities
paper no 4
Werff, S. van der (2010) Vloeibaar eigendom (Paper Wijsbegeerte Vrije Universiteit Amsterdam)
Saskia van der Werff/The end justifies the means, but what justifies the end
i Sternberg (1994), pag 111
ii Sternberg (1994), pag 33, ‘the purpose of defining a
term is clarification’.
iii Sternberg (1994), pag 33
For the discussion, whether a business is an ontological
collectivity or not, I refer to Kaptein&Wempe (2002). They
explore the moral implications of this ontological assumption and conclude that it is essential for the stakeholder concept. Sternberg would not accept this ontological assumption
but she also does not make clear what she ontologically
means by an association.
iv
Sternberg (1994), pag 6, my italics
Sternberg (1994), preface
vii Sternberg states that she has a naturalistic, positive
position. It can be questioned whether a normative
definition is compatible with a naturalistic approach.
This position can also be criticized for its monological
view of concepts, as Roothaan (2005) does: a monological view of concepts does not allow for differences
in meaning; the world is knowable to all in the same
manner. The person who uses a concept in a monological manner, can be accused of infringing his opinion
on others. The dialogical view of concepts accepts that
meaning of a concept is fluid and rejects the assumption that definitions are timeless and static. Another
relevant question is which criterion Sternberg uses to
decide between different definitions? The answers are
beyond the scope of this essay.
viii Sternberg (1994), pag 49
ix Sternberg (1994), pag 49-52
v
vi
pagina 13 van 14
14. Arendt uses this distinction in several texts, for example in Origins of totalitarianism, pag 301 and Responsibility
and judgment, pag 190-197
xi Sternberg notices the existence of hybrid organizations, who have a public function but are privately
owned or with a private function but publicly owned.
She does not reject that the stakeholder concept is teleological for public and hybrid organizations. But the
problems hybrid organizations face with conflicting
purposes are irrelevant of the defining purpose of businesses and the teleopathy of the stakeholder concept
for the private sector. Questioning the possibility of a
strict demarcation of the public and private is beyond
the scope of this essay.
xii Sternberg (1999), pag 31
xiiiBecker (1977) mentions two lines of argumentation
according to the labor theory. As the essence of both
with regard to limitations are the same, I just mention
three lines of argument, pag 107: ‘conflicts between
utility and desert form of the argument form labor may
be similarly analyzed’.
xiv Becker (1977), pag 12-23 states that a right of a person is a moral capacity to posses rights and that it regulates the moral relationship between right-holders and
right-enablers or duty-bearers. What Becker assumes as
a prior definition of a property is Hume’s definition of
a property: a moral relation between a person and a
thing (Hume (1739-1740), Book II/Part/Section 10; Book III/part
2/Sections 2 and 3); Becker solely addresses the personalpart of the relation and neglects the thing-part of the
x
Saskia van der Werff/The end justifies the means, but what justifies the end
relation. I refer to my essay Vloeibaar eigendom (2010) for
a critique on Becker.
xv Becker (1977) mentions 11 rights and duties that are
necessary rights for full liberal ownership. The right to
the capital is the most fundamental one. This right is
not mentioned by Sternberg. The three other rights I
mention are classified by Becker as an addition to the
right to the capital as sufficient condition for the establishment of a property right. For an explanation of these rights, I refer to Becker (1992), lemma Property
Rights and Becker (1977), Chapter 2.
xvi Becker (1977) pag 75, political liberties are all liberties guaranteed by the state
xvii I refer to Arendt (1970) for this argument. This
political argument is beyond the scope of this essay.
pagina 14 van 14