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?

Expert Solution

According to Milton Friedman the corporate social responsibility of the business is to maximize their profits or increase its shareholders value in fair and competitive way. Milton Friedman stated that the major responsibility of corporates is that they should utilize their resources in making and increasing their profit and by that way; they can contribute to their social responsibility. But the corporations should adopt fair, transparent and competitive business practices to maximize their profit in a free economy.

keosha answered 2 years ago

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

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

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

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

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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 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.

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What is corporate social responsibility, and how does it relate to major stakeholders?

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

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

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

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

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