a)
From a narrow business perspective, corporations contribute to society by making a profit, which supports employment, wages, purchases, investments, and taxes. Miltоn Friedman, a business perspective pioneer, said that a company's social responsibility is to increase profits.
b)
c)
The narrow conception of corporate responsibility is supported by the traditional doctrine that a corporation has just two obligations: to obey the law and to make money for its stockholders (len and Barry).
That is to say that a corporation's only responsibility is to maximize investment value and grow for the benefit of its owners, or stockholders (Deсker, 2004; Bаkаn, 2005).
We will rehearse a few of the narrow view arguments raised by students. Milton Friedman is a scholar who fiercely supports the narrow doctrine of corporate responsibility (Friedman, 1962).
This is further explained below.
Generally, Social responsibility is an ethical paradigm that requires people to strive and collaborate for the welfare of the community that will inherit their planet.
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