the instruction is on word file and the reading is pdf Document Preview: The reading reflection assi
the instruction is on word file and the reading is pdf
Document Preview:
The reading reflection assignment for next class is based on the reading by Friedman (attached). Please practice proper in text citations and include a proper bibliographical reference (with second and subsequent lines indented): Friedman, Milton. Sept. 13, 1970. ‘The social responsibility of business is to increase its profits’. The New York Times Magazine. Reprinted in Klaus Richter, Markus Holzinger, Walther C. Zimmerli, eds. Corporate Ethics and Corporate Governance. New York: Springer, 2007. Pp. 173-8. Your reflection should address the following questions: a. What kind of ‘doctrine’ is the ‘doctrine of social responsibility’? Who is preaching it? What does this tell us about who Friedman is addressing in his essay? b. Why should shareholder interests be given primacy over other stakeholders’ interests? c. What are managers actually doing when they devote company resources to ‘social ends’? d. Is it ever justifiable for business to ‘do good’ for a community? Should they call this being ‘socially responsible’, according to Friedman?
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