General Feedback for Assignment Two


Feedback for students in IBE7 and IBE11


1. Lots of students are still introducing terms without defining them. The below should have been defined if you used them in your essay
-Stakeholder
-Nemo Dat Principle
-Fiduciary
-Multi-fiduciary stakeholder synthesis
-Strategic stakeholder synthesis
-Stakeholder synthesis
-Stakeholder analysis.

Again, the test should be as follows: if a well educated non philosopher would not know what you meant, then you should tell the reader in your essay.

2. Lots of students gave good explanations of the stakeholder paradox.

A few students seemed to misunderstand the paradox.

The paradox is as follows:
-On the one hand it looks like the ethical thing for management to do is what maximises the interests of the stockholders (usually, this is increased profits). It is to the stockholders to whom they owe their loyalty, and who they act for. So they should follow a strategic stakeholder synthesis.
-On the other hand, it looks like the ethical thing is to consider all the parties involved. How can it be right to, for example, pollute rivers or employ children - even if it would maximise the interests of the stockholders. Management should follow multi - fiduciary synthesis.

3. A few students stated that strategic stakeholder synthesis is morally neutral. This is a strong claim, and different to what Goodpaster argues (he only thinks the analysis is morally neutral). You should only make such a strong claim if you argue for it. I suspect that many of you simply made a mistake and did not mean to make this claim.

4. Not as much of your own views in this essay as last time. Its nice to see that students have their own thoughts on the issues, and gets you higher marks! No doing this wouldn't lead to a fail however.

5. Some students need to work on improving their written english. If I cannot understand your essay then it will fail! Some students had only a sentence or two that was hard to understand - this would lose you marks but not lead to a fail.

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