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"There is only one social responsibility of business: to use its resources and engage in activities designed to increase its profits" (Milton Friedman, 1970)
(a) Explain how the definition of CSR has evolved over time and is still a contested concept. (20 marks)
(b) Critically examine the view that CSR is an additional cost jeopardising the overall performance and sustainability of an organisation.
Critically examine the main arguments put forward by proponents of the Stakeholder theory as to why, over and above shareholders, other groups also have a legitimate claim on the corporation.
a) Show how discrimination is immoral under the utilitarian point of view and Kantian-type analysis.
b) Show the use of child labour in factories in developing countries with respect to virtue ethics and Rawls theory of justice.
Why is it essential for business organizations to take into account the views of Civil Society Organisations (CSOs) even if they do not make any significant contribution to the organisation?
Explain how Good Governance is a matter of exercising authority and responsibility in an effective and accountable manner.
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