Friday, April 6, 2012

Social Responsibility of Business

a.)Friedman elaborates on the ideas of social responsibility and those of a corporation.  Friedman seems to side with a socialist view that businesses are not capable of making responsible social decisions and that decisions of allocation, price, etc should be decided by governments.  He talks about a trade off for businesses that involves doing good but only at the expense of ones business.  Friedman explains why he thinks that the idea of social responsibility is used to cloak decisions that are detrimental.  The problem is, businesses have one true responsibility and that is to maximize profits. 
b.) The Core Cultural Values that I think are most important to Friedman are Collectivism, Equality, Monochromatic Time, Stability, and Directness.
c.) I think that there is definitely a conflict between business and social responsibility.  Unfortunately businesses do have a responsibility to make profits.  This is most apparent to me when looking at pollution.  It is a social responsibility to protect the environment but this comes at a cost to many businesses.  Fortunately, businesses to give in to social pressure, yet this may not be from their own decision or 'responsibility'.

No comments:

Post a Comment