Corporate social responsibility

Description

Milton Friedman suggests that Corporate Social Responsibility (‘CSR’) is a fundamentally subversive doctrine’ and goes on to say that ‘there is only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game”

You are to produce an individual report that critically evaluates the above coursework assignment statement by considering the alternative theoretical views currently available.

1. Describe and explain the basis for the argument put forward by Milton Friedman 2. Describe and explain the alternative theories that could be used in relation to the points made by Milton Friedman 3. Critically evaluate the statement made by considering the alternative theories connected with the purpose of a business and the concept of profitability and CSR