StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Analysis of the reading - Assignment Example

Cite this document
Summary
In his article titled, “The Social Responsibility of Business is to Increase its Profit,” Milton Friedman challenges the notion that businesses have a social responsibility and, on the other hand, upholds the view that the only responsibility of the business is to increase…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Analysis of the reading
Read Text Preview

Extract of sample "Analysis of the reading"

06 Aug An Analysis of the Article: The Social Responsibility of Business is to Increase its Profits By Milton Friedman In his article titled, “The Social Responsibility of Business is to Increase its Profit,” Milton Friedman challenges the notion that businesses have a social responsibility and, on the other hand, upholds the view that the only responsibility of the business is to increase its profitability. To illustrate this hypothesis, he makes a distinction between single proprietary businesses and corporate.

He further uses the concept that executives, who take the spending decisions in corporate entities, have no social responsibilities other than on a personal level and that their main purpose should be to increase the profit their employers, who are the shareholders. Thus, he believes that if an executive spends money for any purpose purported to be for a social cause, he is in fact spending the shareholders’ money which he is not morally permitted to do. However, in this case, the author’s contention does not seem to be really valid as most of the decisions to spend come from the board of directors that represents the shareholders and not the executives in a corporate, in the light of the fact that all executives in such an entity need not necessarily be shareholders or directors.

Yet, it is logical in terms of the concept it postulates. Similarly, he also mentions instances where shareholders coerce other shareholders, who may not be willing, to contribute to a specific cause. In this case his argument is quite reasonable and it definitely is not an appropriate action to utilize another person’s money for a purpose he or she does not intend to spend on. He further claims that in most cases, the term social responsibility is a guise to serve the purpose of some vested interests and this argument is quite reasonable because politicians on most occasions use this for political mileage, by making the corporate entities bear the cost.

He also criticizes the businessmen who propagate social responsibility to gain cheap popularity as this will only lead the business entities being influenced by external forces in the long run. The author firmly upholds the view that social responsibility is a matter of individual concern. He, thus, concludes the article by contending that all individuals should work for the betterment of the community and business people, like other members of the society, will also share values and partake in such endeavors.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Analysis of the reading Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
Analysis of the reading Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/macro-microeconomics/1601303-analysis-of-the-reading
(Analysis of the Reading Assignment Example | Topics and Well Written Essays - 250 Words)
Analysis of the Reading Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/macro-microeconomics/1601303-analysis-of-the-reading.
“Analysis of the Reading Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/macro-microeconomics/1601303-analysis-of-the-reading.
  • Cited: 0 times

CHECK THESE SAMPLES OF Analysis of the reading

Leadership Team Building and Communication in The River Cafe

As it is wisely said that the changes that are effective, come from the topic, along the similar lines, a brief analysis of the case and as visible from the readings quoted in the previous section, it is clearly visible that the following competencies are illustrated in the case, with reference to the owners Ruth and Rose....
11 Pages (2750 words) Case Study

Enterprise Knowledge Management: Internet and Intellectual Property Rights

The author states that the fact that the Internet is seen as the venue where sharing of ideas among and between countries is made feasible is already a big opportunity not only for organizations to further developed their companies via a partnership with other organizations.... hellip; The battle to protect IPR is not yet won....
10 Pages (2500 words) Term Paper

Business plan for a media product - The Reading Series

the reading Series is one of its kinds in the Arts industry providing opportunities to amateur as well as experienced writers to read their work and get them acquainted in the local circles.... The Riverbank reading Series is a successful literary series where authors, journalists… It uses a unique and original format of using humour, music, dance and video projections to enhance each evening.... “The Riverbank reading Series aims to introduce the community to various types of literature (fiction, non-fiction, columns, journalism and to a lesser extent poetry) by having a broad range of authors, writers and journalists read from their work....
18 Pages (4500 words) Essay

Modernism/Postmodernism

The final Analysis of the reading is Steinberg personalizes art criticism and is of view that anybody or anything that can do work of art can improve.... In addition, he desires a pluralistic interpretation that incorporates historical context, formal analysis, and emotional content....
1 Pages (250 words) Article

Reading #1 Analaysis

The article also assessed the composition of the body as a whole, its contours with body [Teacher's reading Analysis The article assesses the parameters encompassing the body and what roles the skin has to play in the \determination of gender or “sex”.... Sex as illustrated by Foucault was said to be normative from the start and once all its compositions and influences are placed into… Hence the conclusion was derived that sex can be considered an ideal construct which in a forceful manner materialized through time....
2 Pages (500 words) Assignment

An Introduction to Japanese Society

Bringing together the bureaucracy and Japan's political circles, reading Analysis In the chapter ‘An Introduction to Japanese Society', the Yoshio Sugimoto has provided details toget an understanding regarding the three basic sectors of Japan's establishment.... In the chapter ‘An Introduction to Japanese Society', the author Yoshio Sugimoto has provided details to get an understanding regarding the three basic sectors of Japan's establishment....
2 Pages (500 words) Essay

Fukushima Following the Devastating Tsunami

the section analyses the content and usefulness of the reading.... n retrospect, the article is effective in its analysis of the topical issue.... The author of the article develops a realistic stand by providing adequate background information and analysis of the problem thereby building his arguments systematically and in a convincing manner.... The article discusses the reading Analysis Outline Introduction This section just as the suggests introduces the analysis explaining the purpose and features the article investigates before providing an honest evaluation of the article....
2 Pages (500 words) Essay

A Study of Reading Habits Analysis

This is "A Study of reading Habits Analysis" essay.... nbsp;The tone and the imagery of the poem “A Study of reading Habits” are depressing yet inspiring and provocative.... The speakers option on this account is reading books even for the sake of the health of his own eyes.... The speaker acts self-sacrificially when reading his books line by line like he wants to escape from the bonds of reality.... nbsp; That is why a study of reading Habits analysis essay is helpful in understanding what comes beyond the customs and patterns of the daily routine....
5 Pages (1250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us