Elliott company

Derek Elliott – How to improve the Business Environment

Press Release   •   Nov 13, 2010 13:17 EST

This relationship is not responsible for the damage of legitimate interests of the other stakeholders. The Legitimate is used in a broader sense than legal. There are many techniques to improve the business environment. They are,

Justification:
The Justification process is nothing but the action which is acceptable to both the affected and interested parties. But very often the affected party is being overlooked.

Confidentiality:
The customer data, employee data, citizen data and others are the necessary information. The confidentiality is very crucial. It is a source of added value to these groups.

Sincerity:
The Sincerity excludes the pretending value and it also covers the honesty, respect for others and adherence to promises. Generally they are interrelated and changes accordingly in different situations. The most problematic relations are between the legality, legitimacy and justification.

Responsibility:
The Responsibility concept needs some more specification too. In the context of building the national integrity system are not concerned with the so called causal responsibility which may be characterized as a relation between the events. We should focus on moral responsibility when ones role is defined by the virtue of moral, legal or some other sort of rules. In business ethics a considerable attention has been paid to the problem, whether collectives such as nations or formal organizations may bear the responsibility.

There are many influential critiques of collective & corporate responsibility arguing that corporations and other formal organizations are at best place but not the moral entities. They can be held legally liable, but only human beings have the moral responsibility. Thus responsibility requires two conditions such as freedom and intention.

Generally, the responsibility involves three components such as,
The subject who bears responsibility that cannot be completely determined by rules and laws. For the subject is responsible and the authority to whom the subject is accountable. We have to go further and try to evaluate the degree of responsibility or the kind of the ethical challenge involved.

Moreover, there is no consensus on the stakeholders model. I would like to even broaden this problem and to interpret it in the political and economic context of emerging market economies. The identification of various responsibilities from both sides could help to improve the business environment and even to clarify some basic concepts of the market system.