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Unformatted text preview: BCOR3010
Class #7: Reflections on the Classical View: Film Clips Where are we? Values #1 Conceptions of the Role of Business Stakeholders Values #2 Classical View (Smith/Friedman) SelfInterest Constrained (Okun, et al) Stakeholder Power CSR Today FreeMarket Behavior/"Market Failures" Enron Smartest Guys SuperSize Me Antecedents of the Free Market The Free Market Voluntary Exchange Information Enron Smartest Guys in the Room Enron Discussion
Is what happened at Enron just the outcome of the free market at work? Why or why not? What are the unacceptable behaviors exhibited by the wide array of actors associated with the Enron case? Think about the role of CEO Ken Lay. What should he have done? What is the "culture" at Enron and how did this contribute to the company's demise? Enron Discussion Violations of Free Market Principles Market Correction An Ensemble Enron Discussion Sherron Watkins Enron Discussion Violations of Free Market Principles Market Correction An Ensemble Responsibility Enron Discussion Violations of Free Market Principles Market Correction An Ensemble Responsibility SuperSize Me The Rules: Can only SuperSize if asked Can only eat at McDonalds Must eat everything on the menu at least once Must eat three meals per day SuperSize Me Are the conditions necessary for free market functioning present in the case of McDonalds? That is, is the free market working here? What is the basis of the lawsuit against McDonalds? Should McDonalds have done away with supersizing. If so, why? Okun
The government should provide all people a minimum decent standard of living consistent with a basic level of humanity. Think about equality! Two BIG Tradeoffs Equality versus Efficiency Individualism versus Paternalism ...
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- Fall '07