Friedman and Corporate Social Responsibility

Abstract: Nobel Prize winning economist Milton Friedman commented that "There is one and 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, which is to say engages in free and open competition, without deception or fraud." This 3 page paper considers this view and discusses it in terms of corporate social responsibility and a firm's strategy. The bibliography cites 4 sources.

Filename: TEfriedcsr.rtf

Pages: 3

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Catagory: Business Management & Management Theory

Subcatagory: Business - Management

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