What evidence does the film use to make this point? While some argue this could hobble, distract, or damage corporate focus on the bottom line, let’s be clear. But this is not going to be easy as long as the powerful business lobby continues its propagandist work in the corridors of the House of Representatives and the Senate. What can be done to prepare managers and leaders to think about these issues? What does the film suggest is problematic about it? What are some of the obstacles for widespread use of “triple bottom line” accounting? “The Limitations of the Sarbanes-Oxley Act.” USA Today (Society for the Advancement of Education) Mar. Please sign in or register to post comments. Cite the film and your course readings in your response. Smith, Ian G., and Yaw A. Debrah, eds. In the film, Vice President of Initiative Media Lucy Hughes describes marketing to children as a seemingly harmless “game.” What are some of the reasons that corporations want to market to children suggested by the film? Hoboken, NJ: Wiley, 2003. For example, many people who genuinely, oppose using child labour will nevertheless buy the products of that labour if it saves, Practical - Issues and Questions regarding the film The Corporation, Copyright © 2020 StudeerSnel B.V., Keizersgracht 424, 1016 GC Amsterdam, KVK: 56829787, BTW: NL852321363B01, Practical - outline and possible topics for final take home exam, Chpt 2- Deciding What is Right- A Prescriptive Approach. great example for this, they have had countless of documentaries and negative This claim is becoming more vociferous by the day, as the world endures through the worst financial crisis since the Great Depression. We also cannot use psychology because psychology studies humans and Cognizant of this risk factor, Health Canada had banned the injection in Canada – a move that was repeated in many European countries as well. London: Routledge, 2002. How does the treatment of stealth marketing in your course readings differ from the way it is presented in the film? illness, the moral judging of human actions appears to supercede the field of psychology. To what extent is this practice actually used in the US? In the film, Noam Chomsky grimly suggests that the system makes “people into mindless consumers of things they do not want.”. Also, psychology has been explained as a way to substitute reli- The documentary suggests that government regulation of corporations is a better approach to corporate power than relying on “corporate responsibility.” Economist Milton Friedman suggests in the film that social responsibility is not corporations’ area of expertise, nor is it democratic for them to decide. What would be the impacts on external stakeholders and society at large if such a practice was to be used by all corporations? the bottom line. The points of view presented in the mainstream media are quite different from the actual realities associated with business corporations. thinking of their profits first and foremost. Therefore we cannot use psychology to define “corporate persons” as psy- Giving a name or not have the moral capacity to be human, it also has a legal obligation to put Sufficient evidence is provided in the documentary from published reports, firsthand accounts of employees, interviews of industry leaders, public intellectuals and social activists. In sum, it is a very well made documentary film that does not deviate from standards of objectivity and balance, although in this particular case there is hardly anything praiseworthy about the modern corporation. McPhail (2001) suggests that accounting students are subjected to a form of propaganda that, while providing students with technical skills to “do” accounting, also convey subtle values in a way that ignores critical thinking, discourages questions, and disregards the broader social context in which the accounting profession operates. Hence, a more viable solution to protecting the interests of the environment and human health is through the enactment of strict regulations. On the legal front, legislation such as the Sarbanes-Oxley Act of 2002 are much welcome as they tighten some of the existing loopholes in corporate governance laws. A classic example of this is the substandard wages paid to workers of Nike in Indonesia, who get less than one percent of the marked price of the goods they manufacture. Foucault’s concern was that psy-, chology was merely adopting the accepted judgments regarding what is considered right, or wrong behavior from the church or the law, and then merely applying pseudoscientific, terminology onto these behaviors without fully explaining why these actions are right or, wrong. Culp, Christopher L., and William A. Niskanen, eds. How would the legal definition of the corporation have to change to embrace this form of accounting? Namely, merely going to psychology for answers to ethical problems, raises a dilemma regarding the nature of psychology and ethics. New York: Oxford University Press, 2006. What sorts of changes to accounting education would have to take place in order to address the concerns made evident in the documentary? Zigas, Barry. They encourage students to take a position on a particular subject, and to seek out evidence in the film, in their course readings, and from their personal experience to justify their positions. Is this the most accurate description? There is renewed hope, however, in the form of grassroots activism and localized community action. Do you agree or disagree that this is the case? Describe your opinion on the matter of stealth marketing. Reflecting a growing awareness of this impact, leaders of international business must accept responsibility for the environment. For example, many paper mills in the U.S.A dump toxic effluents from their processing plants into the nearby stream or river, causing irreparable damage to the local ecosystem and also increasing risk to human beings. Describe the argument in the film against advertising and other commercial activity in public spaces. How do the actions or practices of competitors affect the ideal of the corporation as a pillar of the community? As such, he argues that students accept certain values common to the profession at the unconscious level through course delivery. Even if one agrees, that the existence of ‘corporate persons’ has legal and philosophical problems and that, psychopaths are unwelcome in society, we must take Michel Foucault’s criticism into, consideration. Corporate Aftershock: The Public Policy Lessons from the Collapse of Enron and Other Major Corporations. A generation ago in the US, there was a belief that corporate jobs provided benefits, job security, above average salaries, and that corporations were pillars of the community.
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