According to Milton Friedman, what is the responsibility of corporate executives?

According to Milton Friedman, what is the responsibility of corporate executives? What ethical responsibilities does Friedman say businesses have to society?

Expert Solution

Milton Friedman stated that the responsibility of corporate executives is to use the organization’s resources and carry out activities to increase profits, within the legal and regulatory framework. He believed in complete capitalism. He was of the opinion that business activities should solely focus on profit generation. Businesses should not invest in any kind of social charitable activities that do not generate revenue. According to him, shareholders have no say in such activities and investing in social activities is a misappropriate use of corporate fund

keosha answered 2 years ago

How does Milton Friedman understand corporate social responsibility and what is his position in regard to...

How does Milton Friedman understand corporate social responsibility and what is his position in regard to it?

1. (a) According to Milton Friedman; "The Social Responsibility of Business is to increase its profits."...

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Milton Friedman takes the position that business corporations have no corporate responsibility of any sort except...

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Milton Friedman: States that there is only one social responsibility that organizations have and that is...

Milton Friedman: States that there is only one social responsibility that organizations have and that is to use its resources and engage in activities designed to increase profits. Therefore, there is no need for corporate social responsibility as the organizations main goal is profit- making. With this view organizations have four responsibilities. Discuss the four responsibilities in their orders.

Milton Friedman: States that there is only one social responsibility that organizations have and that is...

Milton Friedman: States that there is only one social responsibility that organizations have and that is to use its resources and engage in activities designed to increase profits. therefore, there is no need for corporate social responsibility as the organizations main goal is profit-making. with the above, organizations have four responsiblilities. 1. Discuss at least four responsibilities. 2. Discuss at least four major factors that influence consumer buying behaviour. NB: insert reference

Milton Friedman: States that there is only one social responsibility that organizations have and that is...

Milton Friedman: States that there is only one social responsibility that organizations have and that is to use its resources and engage in activities designed to increase profits. Therefore, there is no need for corporate social responsibility as the organizations main goal is profitmaking. With the above organizations have four responsibilities. 1. Discuss at least four responsibilities. 2. Discuss at least four major factors that influence consumer buying Behaviour.

According to Friedman Milton on his essay "The Role of Monetary Policy" 1. What is monetary...

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Milton Friedman captioned his famous New York Times article as the ‘social responsibility of a business...

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Is milton friedman still relevant in 2018

summary on the power of the market by milton friedman

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According to Milton Friedman, what is the responsibility of corporate executives?

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How does Milton Friedman understand corporate social responsibility and what is his position in regard to...

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