Posted: June 20th, 2013
Social Responsibility in Business
Social Responsibility in Business
Topic: Social Responsibility in Business
Subject: Ethics
1) Friedman, M. (1970, September 13). The
social responsibility of business is to increase its profits. The New York Times Magazine, SM17.
2) Freeman, R. E. et al. (2010). The problems that
stakeholder theory tries to solve. In: Stakeholder Theory: The State of the Art (pp. 3-29). Cambridge, UK: Cambridge University Press
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I have included the documents needed for this essay.
You must address the question of
corporate social responsibility in the 21st century. What relationships, obligations, and duties are appropriate between business organizations and their various stakeholders? What is the nature of the contract for social responsibility that business organizations have with society?
In preparing the paper, two contrasting views on corporate social responsibility must be explained and considered.
These are Milton Friedman?s view that the social responsibility of business is to be profitable and R. Edward Freeman?s view that
positive stakeholder relationships are integral to business success
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