Businesses are under constant dilemma on whether they must raise their voice against any injustice or whether they must stick to creating maximum value for their stakeholders. This debate is necessary to be had within the present context where capitalism is headed to. A lot of companies will simply resort to looking the other way, and defending past actions as the right thing within the circumstances. But capitalism cannot succeed without providing all kinds of freedoms. Individual rights count for utmost importance here. Some feel that businesses must work as activists. Free collaboration is needed to ensure the birth of business innovations. There has to be adherence to privacy norms as well, along with participation of the labour force. A lot of these ideas have been captured, and debated at length in the latest book titled Fishing with Dynamite.

Source:https://sloanreview.mit.edu/article/business-in-society/

Uploaded Date:28 September 2019