... Corporations are by far the biggest entity in the modern global economy, and it is no surprise that globalisation is one of the reasons for this. It is arguable that in order for corporations to be successful, they need to act in the best interests of their stakeholders. Stakeholders have become a focal point for corporations in order to maintain and improve their business activities. Businesses therefore must act in the best interests of these stakeholders, of course, this will include being ethically and morally correct. Stakeholders can include any combination, or all of the following: Past records show that people's views of what was morally and ethically correct were significantly different to the way people think today. An example of this was when Friedman, in 1970, stated that 'Only human beings have a moral responsibility for their actions' (Crane & Matten, 2004, Chapter 2). One could argue that this is ...

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