Discussion for online Business Ethics class - Week 3 Essay

Discussion for online Business Ethics class - Week 3 - Essay Example e equal on social and economic grounds, even then there will remain a perceptual dissatisfaction due to human’s nature to look beyond what he is today and thus strive for more, than what others have. Thus social democratic societies cannot achieve happiness. However, Kelly believes that happiness comes from exercising freedom. He calls the corporation of today as the government of the propertied class, a concept similar to plutocracy and timocracy where privileged class dictates the terms and thus few is the number of happy people. Therefore in order to bring happiness amongst the society, it is necessary to bring happiness amongst masses which can be brought by ending the rule of the elite, and the introducing the measures that shall also use the growth of other stakeholder’s such as employees to indicate the growth of the corporations. Kelly has distinguished a corporation from its stockholders. The role of corporation is not to maximize profits only but to also address the issues of the corporate stakeholders that also include employees, customers, suppliers, creditors etc. Thus instead of focusing on the shareholders only which it does by perceiving each and everything from his eye only, it shall also focus on the well being of its other stakeholders too by increasing wages and funding healthy environment for instance. While Novak’s perception is optimistic about corporations, Kelly views it pessimistically. Novak believes that corporations have been wrongly blamed to have ignored morality and promoted only that, which has been useful to them but he agrees that corporations do have the elements of aristocracy. On the other hand Kelly believes that the corporations have wrongly assumed the role of exercising the desires of the elite, it has to do more than maximizing the profits of its shareholders. Therefore, instead of competing on the wealth of the shareholders, the corporations need to compete on wider basis such as raising the standards of the