James Posts theory of global corporate citizenship Essay

James Posts theory of global corporate citizenship - Essay ExampleJames Post justly considers companies as stakeholders of the world. This can be estimated from the fact that the recent economic recession that has blanketed the whole world has caused a considerable damage to the business scenario. A lot of companies have downsized in order to save their expenses resulting into increase unemployment. Many people have lost their jobs in the recent years. This proves the fact that companies are stakeholders to the globe. Do you moot businesses have a moral covenant to integrate universe work into their private work, or track their private work as public work? Yes, businesses do have a moral obligation of integrating public work into the private work. As James Post rightly emphasizes, it is in the self-importance interest of management not to be an entirely private good. Managers can enhance the life and gainfulness of their business by working for the achievement of societal common wealth because this way, they will gain the consent and hike of the stakeholders in the society. Where managers adopt such practices which are not directed at addressing a truly public concern, and where managers skills are treated as a totally private property, the business does not have umteen golden days and the continuity of business is threatened by social forces.