History of Business Ethics and Stakeholder Theory
The first part of your reading in Daniel Terris’ book will include an overview of Lockheed Martin’s
organization and will lay out the research plan that Terris used to obtain information necessary for his
work. This will be followed by a general overview of the evolution of business ethics in America.
1. Based on your readings, describe what you consider to be the responsibility of top leadership in a large
organization with respect to reaching a balance between profits and stakeholder concerns. Please
support your position by giving some examples from the text or from other sources where CEOs did a
good or poor job of finding this balance.
2. Terris discusses the history of business ethics in America since the late 1800s with respect to
anti-competitive practices, seeking unfair advantage through immoral arrangements with suppliers and
public officials, failing to adhere to laws and regulations, and lack of transparency. Discuss to what
extent you believe things to be better or worse in the present day for businesses in general.
3. On page 41, Terris discusses the ideas of Howard Bowen regarding the evolution of social
responsibility of businesses. To what extent do you think his predictions held true since 1953?
History of Business Ethics and Stakeholder Theory Assignment Expectations:
According to the Publication Manual of the American Psychological Association, there are three
reasons why we need to use proper citations and references.
“To ensure the accuracy of scientific knowledge” (p.11). – How do we know if what you are reading is
really the truth? We can look at the citation and the reference and do further research to make sure
what you are reading and what you are basing your research on is correct.
“To protect the rights and welfare of research participants” (p.11). – People deserve to get credit for
their work. When you earn a degree and go on to do research, you will want credit for the work you
“To protect intellectual property rights” (p.11). – When we refer to inventions, we should give credit to
the person who invented the item, trademarked the item, or developed a design. This protects their
A reference system also allows the reader to use the in-text citation and reference page to find out
how to do further research when they find a topic of interest. It can save a lot of time.
As educated students, we should know the APA Style rules and work to perfect them.
Below are three common mistakes that cost Trident Students. Reviewing these examples should help
you improve your grade and also make future assignments easier.
The History of Business Ethics and Stakeholder Theory in America
APA Point 1: Where does the period go?
The use of a period. The period indicates the end of a sentence. However, if we put the period before
the in-text citation, we are actually beginning the next sentence with the citation. Therefore, the period
goes after the citation.
Another misuse of the period is putting it before the citation and another after the citation. This is not
correct. The period goes after the in-text citation.
Example: Intercultural Communication is quite important in how we deal with individuals from
different Countries and even from different neighborhoods of our cities (Pearson, 2015b). – Notice
where the period is.
APA Point 2: Do we need to use Quotation Marks?
When using information word for word from someone else’s work, quotation marks are necessary.
This example illustrates the use of quoted material at the end of the sentence, followed by a citation
and reference. The reference will also include the page numbers.
Example: When we are writing a Negative Letter, there are numerous authors who recommend
starting the letters with a buffer. Remember, “Openings for negative messages are often called Buffer
Beginnings because they are designed to buffer the negative message that will follow
” (Bowman, 2002, p. 1).
APA Point 3: Arranging entries on a reference list.
Once again as we dive into our Publication Manual of the American Psychological Association, we get
guidance on how to arrange our references on the reference page. “Arrange entries in alphabetical
order by the surname of the first author followed by initials of the author’s given name” (p. 181).
One may ask why. When there are two or three references, it does not make a great amount of
difference. But with numerous references, it is much easier if we arrange the references by the
author’s last name. Remember, one of the purposes of a reference page is to help readers find
additional information. If there are 10 or more references listed in random order, it is difficult to find
the appropriate reference. So let’s use the alphabetical ordering.
Your History of Business Ethics and Stakeholder Theory paper should be double-spaced and in 12-point type size.
Your paper should have a separate cover page and a separate reference page containing the full
citations corresponding to the in-text citations you choose to use in the body of your paper. So in
addition to the 4- to 5-page body of your paper you will have a title page and a reference page. So
overall, you will be submitting a 6- to 7-page document.
Use APA style, and proofread your paper.
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