Question 1
According to the article by Joseph Johnston, he argues that stakeholders’ interests are worth in a social aspect, but they prove to be hard in imposing them. In this case, Joseph explains the objective of starting a business enterprise and compares with the social responsibilities a company is obliged to fulfill. Additionally, the social responsibilities of a company usually conflict with the main objectives of starting a business enterprise. Generally, managers are owed the responsibility of social welfare and benefit for the community at large. Therefore, a business enterprise is expected to function in favor of both shareholders’ interests and stakeholders’ interests. In practice, stakeholders ...