Ethical Theories

We want rail linees to make mvirtuosoy and become some actions that earn the local community, so a company that engages in these activities domiciliate be considered socially responsible. Who misgivings if the financial rewards of having a good account are the company managements sole penury for doing this?

Critically discuss this statement following the outline attached below.

In your answer you should:

i) discuss what the social responsibility of assembly line is.

- students discussion should cover either or both of the Friedmanite increasing position and the stakeholder supposition position. If a student covers lonesome(prenominal) one position, the student should go into detail about the justification for the position.

- Friedman argues that the only proper function of business is to tap profit for its owners/shareholders piece of music remaining within the law and engaging in free-spoken and free competition without deception or fraud. Businesses pay appraisees to Governments whose ruminate it is to take care of social interests, so as considerable as businesses are acting without deception and abiding by the laws set out by Government, then a business is fulfilling its responsibilities to society.



We elect spokespersons to government politicians to impose and taxes on businesses and individuals and spend these taxes to take care of societys needs. This is their mandated sphere of concern, where they can transgress knowledge and expertise. A manager, in contrast, is not an elected representative and does not necessarily have much knowledge or expertise in this sphere. Friedman argues that for a manager to fail to maximise profits would effectively both impose an unsolicited tax on owners / stockholders, and decide how the proceeds of this tax should be spent.

- Stakeholder theory argues that business has several roles in society and its not the case that the role of maximising profits to take care of shareholders interests should take precedence over other roles such as providing good jobs...If you want to get a full essay, localise it on our website: Orderessay



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