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Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman?
Maximizing Profits
Who said that the social responsibility of business is a fundamentally subversive doctrine and that the one social responsibility of business is to use its resources and engage in activities design?
milton friedman
What are the two theories of corporate social responsibility?
The two primary theories of corporate social responsibility (CSR) are the stakeholder theory and the shareholder theory. The stakeholder theory posits that companies have obligations to a wide range of stakeholders, including employees, customers, suppliers, and the community, emphasizing ethical considerations and social impact. In contrast, the shareholder theory, often associated with economist Milton Friedman, argues that a corporation's primary responsibility is to maximize shareholder value, suggesting that social initiatives should only be pursued if they align with profit-making objectives.
What is classical view or corporate social responsibility?
The classical view of corporate social responsibility (CSR) posits that a company's primary obligation is to maximize shareholder value, prioritizing profits above all else. This perspective, often associated with economist Milton Friedman, argues that businesses should focus on their economic roles while leaving social responsibilities to individuals and governments. In this view, any engagement in social initiatives should be driven by profit motives rather than altruism. Critics contend that this approach neglects the broader impact of corporate actions on society and the environment.
What is the moral obligation of a corporation?
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
Who said The one and only social responsibility of business is to increase profits?
Milton Friedman
Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman?
Maximizing Profits
Who said that the social responsibility of business is a fundamentally subversive doctrine and that the one social responsibility of business is to use its resources and engage in activities design?
milton friedman
What argument against corporate social responsibility does Milton Friedman make?
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.
Do you agree with Milton Friedman that the only responsibility of business is to maximize profit?
Apart from maximizing profit, the business community has social obligations to fulfill along with generating employment, thus accelerating the progress of the national economy.
What are the two theories of corporate social responsibility?
The two primary theories of corporate social responsibility (CSR) are the stakeholder theory and the shareholder theory. The stakeholder theory posits that companies have obligations to a wide range of stakeholders, including employees, customers, suppliers, and the community, emphasizing ethical considerations and social impact. In contrast, the shareholder theory, often associated with economist Milton Friedman, argues that a corporation's primary responsibility is to maximize shareholder value, suggesting that social initiatives should only be pursued if they align with profit-making objectives.
What is classical view or corporate social responsibility?
The classical view of corporate social responsibility (CSR) posits that a company's primary obligation is to maximize shareholder value, prioritizing profits above all else. This perspective, often associated with economist Milton Friedman, argues that businesses should focus on their economic roles while leaving social responsibilities to individuals and governments. In this view, any engagement in social initiatives should be driven by profit motives rather than altruism. Critics contend that this approach neglects the broader impact of corporate actions on society and the environment.
What is the moral obligation of a corporation?
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
What are demerits of social responsibility?
demerits of social responsibility
What is The scope of corporate social responsibility?
scope of corporate social responsibility
What is the scope of social responsibility?
help me to know the scope of social responsibility
Who is Haya Friedman?
Haya Friedman is a professor and researcher in the field of psychology, specializing in areas such as cognitive development, social cognition, and moral reasoning. She has published numerous studies and articles on topics related to child development and social behavior. Friedman's work has contributed significantly to our understanding of how children think, learn, and interact with others.
