Maximizing Profits
milton friedman
According to Nobel prize winning economist, "The Social Responsibility of Business is to Increase its Profits." See http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
help me to know the scope of social responsibility
What companies take a defensive approach to social responsibility
Milton Friedman
Maximizing Profits
milton friedman
Milton Friedman argues that the sole responsibility of corporations is to maximize profits for shareholders within the boundaries of the law. He believes that engaging in social responsibility activities diverts resources and ultimately harms society by undermining the competitive market system. Friedman also contends that individuals, not corporations, should take the lead in addressing social issues through personal philanthropy and volunteering.
Apart from maximizing profit, the business community has social obligations to fulfill along with generating employment, thus accelerating the progress of the national economy.
According to Nobel prize winning economist, "The Social Responsibility of Business is to Increase its Profits." See http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
demerits of social responsibility
help me to know the scope of social responsibility
scope of corporate social responsibility
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
In social responsibility, it is your duties and responsibilities socially as a citizen. In social responsiveness, it is your response to a social matter.
Helen Friedman has written: 'Worlds of children' -- subject(s): Education, Children with social disabilities, Multicultural education, Minorities