Social Responsibility - Social Responsibility Do...

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Social Responsibility Do businesses, in general, and corporations, in particular, have “social” responsibilities? Is it appropriate to see it this way? What is “social responsibility”? o The idea that businesses whether individual proprietorships, or corporations ought to see themselves as having responsibilities to the societies in which they do business, beyond the responsibilities to make a profit, and abide by the law. Milton Friedman – monitorism- laissez faire capitalist – market generally over time gets things right and is more likely to do so than the government will. Businesses shouldn’t be doing anything more than making profits that are legal. Profits within the law and “ethical custom” page 219 “if a free- enterprise, a private-property system, a corporate executive is an employee of the owners of the business (work for the owners). He has direct responsibility to his employers…both those embodied in law and those embodied in ethical custom. Sets up idea of ethical relativism.
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This note was uploaded on 04/10/2011 for the course ETHICS 101 taught by Professor Johnson during the Spring '11 term at North Park University.

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Social Responsibility - Social Responsibility Do...

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