‘the Only Role of Business Is the Increase of Profits’. Discuss.

According to Business Directory, it defines that corporate brotherly responsibility as, A companys sense of responsibility towards the community and milieu (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and taint reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources. But such a concept has been much disputed since at least the 1970s. in that respect are two schools of thought in corporate social responsibility name as narrow view and extensive view. According to the American economist- Milton Friedman (1970), There is angiotensin converting enzyme and only one social responsibility of business- to use its resources and engage in activities designed to increase its profit so long as it remain will the rules of the game, which is to say, engages in open and free competition, without deception or fraud. So corporations should remain soci everyy independent and all conflicts must be solved through the individual responsibility concept. On the contrary the broader view states that corporations have social obligations as all existing participants of market, persons and entities are tied together and are reciprocally dependent.



So corporations cannot ignore some serious events or problems, which have got place, and must help society, as profit is not their superstar decision.
In my point of view, I think that only portion of business is the increase of profit. In other words, I game the narrow view more than the broad view. I think that business naturally has a main purpose to produce a profit. The owners (shareholders) of a corporate organisation operate managers for the sole purpose of increasing pro?ts of the business so that the owners can realise a reasonable return on their investment. In this regard, since corporate contribution to the alleviation of societys problems reduces the pro?ts and consequently the return on investment of shareholders, managers...If you postulate to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper