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Management article
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Reference no. CMR036
Published by: University of California, Berkeley
Published in: "California Management Review", 1992
Length: 16 pages
Topics: Ethics; Executives

Abstract

Many people believe that there is some single, overarching approach to business ethics: eg, serve the shareholders, serve the stakeholders, or follow your conscience. In reality, however, the search for a grand, unifying principle of management morality often leads to frustration and cynicism. The moral dilemmas managers face are, in essence, clashes among very different spheres of responsibility. This article describes each of these spheres and presents a framework for resolving conflicts among them.

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Abstract

Many people believe that there is some single, overarching approach to business ethics: eg, serve the shareholders, serve the stakeholders, or follow your conscience. In reality, however, the search for a grand, unifying principle of management morality often leads to frustration and cynicism. The moral dilemmas managers face are, in essence, clashes among very different spheres of responsibility. This article describes each of these spheres and presents a framework for resolving conflicts among them.

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