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VARYING THEORIES
Friedman:
Only activities that increase profit are to be encouraged.
Stakeholder theory:
Businesses have moral responsibilities to their stakeholders.
Social contract theory:
Employees and other stakeholders are given a voice as to how the business is run.
There is increasing pressure for businesses to be socially responsible.
Profit will always be the motivating factor.…read more

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BUSINESS AND CONSUMER
RELATIONSHIP
Customers now expect businesses to demonstrate ethical responsibility in its
wildest sense.
Shell over Brent Spar disaster.
Nike and Gap over child labour.
Businesses don't need to take the radical steps that companies like The Body
Shop did, they can improve their appearance by participating in community
events and raise money for charities.
Consumer action can be effective: if enough people stop buying from a
company they may have to change or go bust.…read more

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EMPLOYER EMPLOYEE RELATIONSHIP
ACAS set up in 1978 to try and create better harmonious working
relationships.
Has to be a balance of interests.
Discontent amongst staff will have an adverse effect on the success of the business.
Now a multitude of outlets for sharing information about businesses all over
the world.
Whistleblowing gaining in acceptance and respectability.
Raises the question of confidentiality and loyalty.…read more

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RELATIONSHIP BETWEEN BUSINESS AND
ENVIRONMENT
Environmental responsibility helps the environment but also the image of the
company.
Business commitment to the environment award:
Co-operative supermarket won in 2007.
Businesses have been encouraged to have an environmental policy just like
they would have any other policy.
National and international law set minimum standards of environmental
standards.…read more

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ANGLO AMERICAN
MINING COMPANY
Attempts to have a positive effect in three areas:
Attempts to minimise noise pollution and other types of pollution where mining
occurs.
Conserves and improves the area around the mine.
Contributes financially to economy surrounding mine.
Reed beds at Tarmac's Langford quarry.…read more

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