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    Business Ethics Test (1231184010) Jaagan

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    Jaagan
    The document discusses two theories of business ethics: 1. Agency theory, which addresses the relationship between business directors and their agents. It looks at how incompatible preferences can lead to inefficiencies. 2. Stakeholder and social institution theory. Stakeholder theory helps recognize internal and external stakeholders and their interests. It helps organizations respond to stakeholder groups. Social institution theory examines how social organizations are defined by standards and norms.

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    Business Ethics Test (1231184010) Jaagan

    Uploaded by

    Jaagan
    21 views3 pages
    The document discusses two theories of business ethics: 1. Agency theory, which addresses the relationship between business directors and their agents. It looks at how incompatible preferences can lead to inefficiencies. 2. Stakeholder and social institution theory. Stakeholder theory helps recognize internal and external stakeholders and their interests. It helps organizations respond to stakeholder groups. Social institution theory examines how social organizations are defined by standards and norms.

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    The document discusses two theories of business ethics: 1. Agency theory, which addresses the relationship between business directors and their agents. It looks at how incompatible preferences can lead to inefficiencies. 2. Stakeholder and social institution theory. Stakeholder theory helps recognize internal and external stakeholders and their interests. It helps organizations respond to stakeholder groups. Social institution theory examines how social organizations are defined by standards and norms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views3 pages

    Business Ethics Test (1231184010) Jaagan

    Uploaded by

    Jaagan
    The document discusses two theories of business ethics: 1. Agency theory, which addresses the relationship between business directors and their agents. It looks at how incompatible preferences can lead to inefficiencies. 2. Stakeholder and social institution theory. Stakeholder theory helps recognize internal and external stakeholders and their interests. It helps organizations respond to stakeholder groups. Social institution theory examines how social organizations are defined by standards and norms.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Name:

    JAGAN A/L ANANDANRAJAH

    Student ID:

    1231184010

    Programme & Semester:

    Diploma In Business Administration/ Semester 6

    Intake：

    Octotober 2018

    Subject Code:

    BUS 2033

    Subject Name:

    BUSINESS ETHICS
    There are two theories discussed in business ethics.

    1. Agency theory

    agency theory is a way to


    adress problems in the agency theory is a pricipal
    relationship between business that is used to clarified
    director and thier agents and.

    Agecy theory

    The relationship is between Incompatible preferences can


    the shareholders ， as lead to inefficiencies and
    principals ， and the financial losses on the part of
    executives of the company ， each stakeholder
    as agents

    2. Stakeholder and social institution theory

    A stakeholder theory helps recognise


    internal stakeholders such as workers, Many ethical challenges arise because
    board members, managers and external of contradictions within and within
    stakeholders such as consumers, special stakeholder classes in beliefs and
    interest organisations, regulators, and attitude structures regarding right and
    others who approve, cooperate, and wrong.
    confront ethical issues.
    Stakeholder
    theory
    This system helps an organisation to stakeholders is a theory of management
    define, track and respond to various and business ethics that explores
    stakeholder groups' interests, beliefs principles and values in the management
    and expectations company.
    Institutional theory

    It considers the
    It is motivated by the
    mechanisms by
    Institutional theory issue of why multiple
    which systems are
    addresses the more organisations
    defined as definitive
    important and working in very
    standards for social
    effective aspects of different contexts
    behaviour, including
    social organisation are sometimes very
    programmes, laws,
    similar in structure.
    norms and routines.

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