Different types of responsibilities

Arguments between the economic model and stakeholder theory

The economic model of the firm is based on the idea that the sole responsibility of a business is to maximize profits for its shareholders. This model is often criticized for being too narrow and for neglecting the interests of other stakeholders, such as employees, customers, and the environment.

Stakeholder theory is a more inclusive approach to corporate responsibility. It argues that businesses have a responsibility to consider the interests of all stakeholders, not just shareholders. This model is often praised for being more balanced and for taking a more holistic view of corporate responsibility.

There are several arguments in favor of the economic model. First, it is argued that the economic model is more efficient. By focusing on maximizing profits, businesses are more likely to allocate resources in a way that benefits society as a whole. Second, it is argued that the economic model is more fair. By giving shareholders the right to control the company, the economic model ensures that they are rewarded for their investment.

There are also several arguments in favor of stakeholder theory. First, it is argued that stakeholder theory is more realistic. Businesses do not exist in a vacuum. They are affected by the actions of their stakeholders, and they in turn affect the lives of their stakeholders. Second, it is argued that stakeholder theory is more ethical. By considering the interests of all stakeholders, businesses can build stronger relationships with their communities and make a positive impact on the world.

Ultimately, the choice between the economic model and stakeholder theory is a matter of values. Businesses need to decide what they value most: efficiency, fairness, or ethics.

Various aspects associated with employment at will (EAW)

Employment at will (EAW) is a legal doctrine that gives employers the right to terminate an employee's employment at any time, for any reason, or for no reason at all. EAW is the default rule in the United States, except in certain circumstances, such as when an employee is fired for discriminatory reasons.

There are several aspects associated with EAW that are important to understand:

• EAW is a legal doctrine, not a policy. This means that it is not something that employers can choose to opt into or out of. All employers in the United States are subject to EAW, unless there is a specific law or contract that overrides it.
• EAW does not mean that employers can fire employees for any reason. There are certain reasons that are illegal to fire someone for, such as race, religion, or gender. However, employers are generally free to fire employees for other reasons, such as poor performance, misconduct, or simply because they no longer want to employ them.
• EAW does not mean that employers cannot be sued for wrongful termination. If an employer fires an employee for an illegal reason, the employee may be able to sue for wrongful termination. However, it can be difficult to prove that an employer fired someone for an illegal reason.
• EAW is a controversial doctrine. Some people believe that it gives employers too much power and that it makes it difficult for employees to protect their rights. Others believe that EAW is necessary to protect employers' right to make business decisions.

Three types of responsibilities on a scale from more to less demanding or binding

Philosophers distinguish between three different types of responsibilities, on a scale from more to less demanding or binding:

1. Attributional responsibility is the most demanding type of responsibility. It is the responsibility for one's actions and their consequences. This type of responsibility is often associated with blame and punishment.
2. Accountability responsibility is less demanding than attributional responsibility. It is the responsibility to explain and justify one's actions to others. This type of responsibility is often associated with praise and reward.
3. Deliberative responsibility is the least demanding type of responsibility. It is the responsibility to consider the potential consequences of one's actions before acting. This type of responsibility is often associated with moral agency and free will.