Michael Novak on Capitalism and the Corporation

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Foundations of Business Ethics: What is the Role of Business in Society?
The study of business ethics is not the study of what is legal but of the application of moral standards to business decisions. In defining business ethics, we are really defining the voluntary role of business: how does a business behave when the law does not dictate its conduct or the law permits conduct that might benefit shareholders but is harmful to others?
Michael Novak on Capitalism and the Corporation
The modern business corporation is an original creation of the American imagination. It was first fashioned to extend local markets; then, it became an indispensable means to create a national market. Both American industrialization and capitalism were crucially dependent upon the corporate form of organization. The corporation was not, however, a disembodied “first cause”; it spread in response to concrete economic challenges. But the corporation had first to become a legal instrument before it could be anything else. While the law dealt amply with the internal affairs of corporations, no internal logic dictated the further development of the corporate form. Corporate law, after all, is not a branch of higher mathematics whose cogency requires a series of more elementary operations. External, primarily economic pressures helped generate the corporation. The combined force of those pressures and the nature of American legal thought determined the eventual shape of the modern business corporation.
Using Reading 3.4on pp. 86-89, Michael Novak on Capitalism and the Corporation, answer questions 1-5on p. 89. After reading the document and before answering the questions, initiate your paper with the problem statement;
The problem to be investigated is ________________________.
Your answers should not simply be your opinion. For each answer to each question, include at least one outside, peer-reviewed article that you can cite as an academic research resource that validates your answer.
Your essay should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

Essay should include the following:
Compare and contrast the approaches of the parties who influence business decision making as it relates to ethics and of those who are influenced by their decisions.
Analyze the conflicting objectives of business leaders who influence business decisions.
Evaluate the actions that a company may take to meet ethical considerations relative to social performance, financial performance, and reputation.
Assess the extent to which social, ethical and public issues must be considered in internal and external stakeholder relationships.
Evaluate ethics in an academic setting, especially in regard to academic integrity and the code of conduct.
Appraise the consequences for ethics violations.

Foundations of Business Ethics: What is the Role of Business in Society?

The study of business ethics is not the study of what is legal but of the application of moral standards to business decisions. In defining business ethics, we are really defining the voluntary role of business: how does a business behave when the law does not dictate its conduct or the law permits conduct that might benefit shareholders but is harmful to others?

Michael Novak on Capitalism and the Corporation

The modern business corporation is an original creation of the American imagination. It was first fashioned to extend local markets; then, it became an indispensable means to create a national market. Both American industrialization and capitalism were crucially dependent upon the corporate form of organization. The corporation was not, however, a disembodied “first cause”; it spread in response to concrete economic challenges. But the corporation had first to become a legal instrument before it could be anything else. While the law dealt amply with the internal affairs of corporations, no internal logic dictated the further development of the corporate form. Corporate law, after all, is not a branch of higher mathematics whose cogency requires a series of more elementary operations. External, primarily economic pressures helped generate the corporation. The combined force of those pressures and the nature of American legal thought determined the eventual shape of the modern business corporation.
Using Reading 3.4on pp. 86-89, Michael Novak on Capitalism and the Corporation, answer questions 1-5on p. 89. After reading the document and before answering the questions, initiate your paper with the problem statement;
The problem to be investigated is ________________________.
Your answers should not simply be your opinion. For each answer to each question, include at least one outside, peer-reviewed article that you can cite as an academic research resource that validates your answer.
Your essay should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

Essay should include the following:

Compare and contrast the approaches of the parties who influence business decision making as it relates to ethics and of those who are influenced by their decisions.
Analyze the conflicting objectives of business leaders who influence business decisions.
Evaluate the actions that a company may take to meet ethical considerations relative to social performance, financial performance, and reputation.
Assess the extent to which social, ethical and public issues must be considered in internal and external stakeholder relationships.
Evaluate ethics in an academic setting, especially in regard to academic integrity and the code of conduct.
Appraise the consequences for ethics violations.

These are very sound responses to the discussion questions concerning Novak’s reading on corporations. Please know that at least one outside academic source was required for your answer and that in-text citations are required when using ideas, thoughts, and concepts from another’s work to formulate your responses. Please note the edits and comments throughout the text and please review the Academic Integrity Policy and Academic Integrity Tutorial (learner home page) to get a full understanding of the writer’s responsibilities in academic writing. What is presented in this paper can be construed as unintentional plagiarism which is a clear violation of our Academic Integrity Policy. I am giving you this last chance to resubmit your paper following the guidelines outlined in the Integrity Policy and the APA. Let me know your questions. Thank you!

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