James Posts theory of global corporate citizenship Essay

James Posts theory of global corporate citizenship - Essay Example James Post rightly 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 increased unemployment. Many people have lost their jobs in the recent years. This proves the fact that companies are stakeholders to the globe. Do you believe businesses have a moral obligation to integrate public work into their private work, or treat 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 interest of management not to be an entirely private good. Managers can enhance the life and profitability of their business by working for the achievement of societal commonwealth because this way, they will gain the consent and encouragement of th e 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 many golden days and the continuity of business is threatened by social forces.