This is the first 1,000 characters of 1483 words (5.93 pages) in the essay titled Business Ethics1
As a corporate manager of a publicly held company, one is responsible for the interests of many different stakeholders. In the past, it has been a very common assumption and practice that corporate managers of a company should strive to act solely for the benefit of shareholders, or owners of the company. Corporate managers were trained to take any actions necessary or use any means possible to improve the bottom line; or profits, without regard to other “stakeholders”. As a business student at San Diego State, I had adopted this same “bottom line” philosophy that had been preached to me since the day of my first business class. I had bought into these teachings so wholeheartedly, that before this class I really felt the terms “stakeholder” and “shareholder” could be used interchangeably. However, I was very enlightened by your lecture on February 29th, in which, you taught us the true definition of a “stakeholder”. It simply boils down to two crucial y...
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