The first discussion question posed was, “How does Dr. Friedman characterize discussions on the “social responsibilities of business”? Why (Jennings, 2009, p. 79)? Friedman (1970) characterized the discussions on social responsibilities as one hundred percent unadulterated socialism. Friedman (1970) characterized these discussions in that manner because he felt that a corporate executive should focus solely on making profits and not on social aspects. He mentioned how people who conduct and express themselves in this fashion are positively reinforcing and supporting the actions of individuals that have been weakening the foundational blocks of free society. Friedman (1970) posed a question which was the crux of his 1970 article “The Social Responsibility of Business is to Increase its Profits” where he investigated the true contextual meaning of what responsibilities mean to businesses. Friedman describes how businesses cann...
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...the agents to be the gatekeepers for keeping the corporation alive. While some of Dr. Friedman’s opinions came across bold and harsh, ultimately I feel that he presents a strong case for developing a profit-motivated company that does not treat its stockholders inappropriately.
Friedman, M., (2007). The Social Responsibility of Business Is to Increase Its Profits. In W. Zimmerli, M. Holzinger, & K. Richter (Eds.), Corporate Ethics and Corporate Governance (pp. 173-178). Retrieved from http://www.springerlink.com/content/978-3- 540-70817-9/#section=263556&page=2&locus=0
Jennings, M. (2009). Business ethics: Case studies and selected readings. Mason, OH: South- Western Cengage Learning.
Stambor, Z. (1996). Employees: A company's best asset. Monitor Staff, 37(3), 28. Retrieved from http://www.apa.org/monitor/mar06/employees.aspx
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