Friedman and Mulligan present two different views on the value and importance of Corporate Social Responsibility (CSR). Which approach to CSR is closer to your own views? Justify your answer. If both or neither? Justify your answer.
The term business is described as “the activity of making, buying, or selling goods or providing services in exchange for money” (Merriam-Webster, 2015). Human kind has been establishing businesses since their existence in the world. In order to understand what corporate social responsibility is, the term ethic must be defined. According to Merriam-Webster dictionary ethic means “rules of behavior based on ideas about what is morally good and bad” (Merriam-Webster, 2015). An organization, a company or a person …show more content…
If I am asked to choose one and support I would chose Freidman because I think he is an expert on business and economy more than Mulligan is. For instance there are hardware and software companies who sell to national armies such products as wireless communication devices, night vision cameras. As a result of their selling and the armies’ using, people die. Those companies know what for their product will be used. Should they still continue to sell? I think yes, because the purpose of companies is to make profit. They cannot decide whether or not their products will be used for the good of all people. Even if they try to how would they know what is good, and what is not. They are not experts of knowing the good and the bad. I agree with Freidman here “…one men’s good is another’s evil.”
To conclude business and social responsibility have different main purposes. However they cannot be thought as completely unrelated. Freidman and Mulligan both stated their arguments well. I mostly agree with Freidman, because in this ruthless world it is bets to care for yourself and the ones you care. However social responsibilities may offer business to increase its profits and meanwhile it enables people to show themselves as ‘good’ to the
The term business is described as “the activity of making, buying, or selling goods or providing services in exchange for money” (Merriam-Webster, 2015). Human kind has been establishing businesses since their existence in the world. In order to understand what corporate social responsibility is, the term ethic must be defined. According to Merriam-Webster dictionary ethic means “rules of behavior based on ideas about what is morally good and bad” (Merriam-Webster, 2015). An organization, a company or a person …show more content…
If I am asked to choose one and support I would chose Freidman because I think he is an expert on business and economy more than Mulligan is. For instance there are hardware and software companies who sell to national armies such products as wireless communication devices, night vision cameras. As a result of their selling and the armies’ using, people die. Those companies know what for their product will be used. Should they still continue to sell? I think yes, because the purpose of companies is to make profit. They cannot decide whether or not their products will be used for the good of all people. Even if they try to how would they know what is good, and what is not. They are not experts of knowing the good and the bad. I agree with Freidman here “…one men’s good is another’s evil.”
To conclude business and social responsibility have different main purposes. However they cannot be thought as completely unrelated. Freidman and Mulligan both stated their arguments well. I mostly agree with Freidman, because in this ruthless world it is bets to care for yourself and the ones you care. However social responsibilities may offer business to increase its profits and meanwhile it enables people to show themselves as ‘good’ to the