Which stakeholder perspective emphasizes fairness to every stakeholder group?

The ethical perspective emphasizes fairness and justice for every stakeholder group involved in a business. This viewpoint prioritizes the moral implications of decisions and actions, stressing that all stakeholders – including employees, customers, suppliers, and the community – should be treated with respect and fairness. In practice, this means that ethical considerations guide the treatment of stakeholders, ensuring their rights and interests are balanced and acknowledged in business decisions.

This perspective aligns with corporate social responsibility, which advocates for a business model that accounts not only for profit but also for the well-being of all stakeholder groups. By promoting fairness, the ethical perspective seeks to enhance trust and integrity in business operations.

In contrast, the integrated perspective focuses on aligning the interests of various stakeholders but may not explicitly prioritize fairness above all. The separation perspective tends to distinguish between different stakeholder groups without necessarily advocating for fairness among them. The profit perspective centers primarily on maximizing financial returns, often at the expense of other stakeholder considerations.