Reference no: EM131487015
Business Ethics
The often-cited economist, Milton Friedman (1962), argued that "few trends could so thoroughly undermine the very foundation of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible" (pp. 133-134). Friedman's influence has been far reaching in the fields of business and economics, and it is important to understand in terms of the evolution of CSR.
Instructions
Address the following in a well-written paper:
• Formulate two convincing arguments-one in support of Friedman's assertion and one against it.
• Research two organizations-one that exemplifies Friedman's exhortation for companies to focus only on stockholder wealth, and one that believes CSR is an integral part of an organization's competitive advantage and success. Compare and contrast the two organizations.
• Provide three examples of organizations that show how Friedman's admonition above, if taken literally, could be used to legitimize otherwise unethical behavior.
Your paper should be 4-6 pages in length, not counting the required title and references pages. Your entire paper, including in-text citations and references, must conform to the APA. . Include at least three scholarly references that are not required or recommended readings for this course, in addition to the course textbook.
References: Friedman, M. (1962). Capitalism and freedom. Chicago, IL: University of Chicago Press.