What is the free-market theory of corporate responsibility


Question: 1. What is the free-market theory of corporate responsibility, and what are some of the problems associated with this view? Compare this view with the social contract and stakeholder perspectives of corporate social responsibility.

2. After reading the Johns-Manville and Exxon Valdez summaries, identify some ways these crises could have been

(1) avoided and

(2) managed more responsibly after they occurred.

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Management Theories: What is the free-market theory of corporate responsibility
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