Social Responsibility of Business Is to Increase Its Profits Articles Discussion
Social Responsibility of Business Is to Increase Its Profits Articles Discussion
Read: “The Social Responsibility of Business is to Increase its Profits (Links to an external site.),” Milton Friedman (stating the “traditional” view that stakeholder theory will oppose)
Watch: R. Edward Freeman (originator of the influential stakeholder theory of business) TED Talk, Business is about Purpose (Links to an external site.)
Read: R. Edward Freeman, “Managing for Stakeholders (Links to an external site.)“
Read: John Elkington, “25 Years Ago I Coined the Phrase ‘Triple Bottom Line’ Here’s Why Its time to Rethink It (Links to an external site.),” Harvard Business Review
Discuss: Should the primary objective of business leaders be to reduce suffering in the world or to otherwise improve the the “stakeholder theory” and the “Triple Bottom Line” ague, or, as Friedman argues, should businesses simply seek to maximize profits? 500 words
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