Business Ethics
THE SOCIAL RESPONSIBILITY OF BUSINESS
Attached Files:
Rethinking the Social Responsibility of Business.pdf
Business Ethics – Business Management 2216
The Social Responsibility of Business
The article, Rethinking the Social Responsibility of Business, examines the views of Friedman, John Mackey, and Rogers and provides their responses to one another in a debate over the social responsibility of businesses.
Write a 1000 word analysis of the article which:
1. Compare and contrasts the perspectives of each participant
2. Relates each perspective to the models of corporate social responsibility as presented in the book
3. Answers the question–Which participant do you agree with most and why?
Helpful Hints…The purpose of this assignment was to compare/contrast how the three authors view the mission of Corporate Social Responsibility. What ends up happening in every class is that 95% of the students side with one person. I don’t have an issue with this, but it always boils down to them just not liking the other two. Don’t be so quick to judge, there are good and bad arguments to each person. Your job is to dig deeper into what they are saying and the ramifications of their actions.
One more side note…don’t tell me that Whole Foods is better because they treat their customers well. The point of the Fiscal Model of CSR is that you make as much profit as you can. For that to happen you have to treat your customers well by developing great products. Great products will generate sales and make your customers happy.
Solution Preview
Business Social Responsibility
The primary reason why anyone joins a particular industry with the intention of investment is always making a profit in the said industry. More so, the level of capitalism in the contemporary society, efforts to expand businesses further, and consistent policy-making with the intention of improving efficiency and profitability points to significant interest in what the investors and shareholders get from the business as opposed to what the business is capable for doing for the society in addition to the significance of the business in the social welfare of the society. Nonetheless, there has always been discussions related to the importance of businesses in the society, and the potential role they ought to play in addressing social welfare issues in addition to their profit-making endeavors.
(1,077 words)