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Does This Milkshake Taste Funny - Case Study Example

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The primary question in this paper is: What ethical theory can help George make the right decision for the diverse stakeholders? This essay argues that the most appropriate ethical theory is the stakeholder theory. This theory asserts that the corporation is “a collection of internal and external groups… [called] “stakeholders”…who are affected by and/or can affect …the firm’s objectives”. This theory emphasizes that the management and workers should think about their actions that can impact different stakeholders. The management, for instance, cannot just focus on “agency theory” and promote their “fiduciary relationship” with shareholders, without considering other stakeholder groups too. Nordberg asserted that companies have a “larger moral purpose” and Phillips agreed that other stakeholders, aside from the stockholders, “merit consideration”. In addition, the stakeholder theory can be aligned with moral principles of fairness, accountability, transparency, and responsibility.

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Summary

This is a case about George’s ethical dilemma. He has found a job he finally enjoyed, because he liked his co-workers and the carefree workplace atmosphere. Furthermore, the job has a better pay compared to his past jobs. …
Does This Milkshake Taste Funny
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