Assignment 3 Adms 1010 (1).pdf - Assignment 3 1 ADMS 1010 January 23rd 2019 Corporate Social Responsibility is a concept regarding businesses managing

Assignment 3 Adms 1010 (1).pdf - Assignment 3 1 ADMS 1010...

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Assignment 3 1 ADMS 1010 January 23rd 2019 Corporate Social Responsibility is a concept regarding businesses managing their economic benefits with social and environmental responsibilities. Milton Friedman however, did not believe that businesses have responsibilities like humans do. Friedman believed that the only social responsibility of a business was to increase profits. He uses many examples to further support this claim. He believed that a business as a whole can not be said to have social responsibilities as those are the responsibilities of the ones running the business. Another one of Friedman’s examples from the doctrine that support his claim was that he insisted that companies that focus on social and environmental responsibilities instead of maximizing profits are promoting socialism. He believed that the purpose of a business in a free-enterprise system was solely to generate profits. Friedman further discusses that social causes such as cutting down
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  • Fall '09
  • JURKOWSKI
  • Corporate social responsibility, Milton Friedman

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