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- The common good refers to achieving the best possible outcome for the largest number of people, which is underpinned by decision-making that is ethically and morally sound and varies by the context in which the decisions are made.
theconversation.com/what-does-the-common-good-actually-mean-our-research-found-common-ground-across-the-political-divide-220843What does the ‘common good’ actually mean? Our research found ...
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Jul 30, 2023 · A management theory provides insight and guidance into the principles and practices of effective management. In order to make informed decisions and improve their leadership abilities, managers need to understand these management theories in detail.
The common good The principle of the common good is sometimes mistakenly equated with the utilitarian ideal of 'the greatest good for the greatest number.' Others have conflated the common good with the recent focus in business on stakeholder value, which is a broadening of the traditional capitalist focus on the maximization of shareholder value.
Feb 26, 2018 · In ordinary political discourse, the “common good” refers to those facilities—whether material, cultural or institutional—that the members of a community provide to all members in order to fulfill a relational obligation they all have to care for certain interests that they have in common.
Jul 27, 2018 · With stakeholder theory, there is no common good, only the aggregate of the interests of the firm’s various stakeholder groups. Khurana is correct in maintaining that “the purpose of management and corporate leadership necessarily goes beyond ‘maximizing shareholder value’” (Khurana 2007 , p. 366).
- David Lutz
- 2018
Society's ultimate goal is the common good, insofar as society affords individuals (with their cooperation) the help they need in order to achieve their personal goals. The common good is the good of society and also the good of its members, insofar as they are part of society, since the goal of society is not independent of the goals of its ...
Having defined the notion of common good, differentiating it from the notion of total good, the present essay provides reasons to explain why the common good category has made, in recent times, its entrance in the area of business studies.
Besides the realization of the personal good of the agents, the concept of the common good also includes certain social outcomes, in terms of equality, leveling of starting conditions, and provision of a universal welfare state.
