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Business Ethics Synthesis: Is

Business Ethics Synthesis: Is it a Social Contract

Why should social responsibility exist? Is not the main role of the corporation to serve its stockholders ? Is not the main role of a sole proprietor to turn a profit? Not according to Milton Friedman, who maintains that the main focus of corporate operations and business is to increase its profits but according to the American public and some corporate leaders there is a clear command for corporate responsibility to society and, in fact, there are many who believe that social responsibility is good for business and may be the key to business success in the future.

Many people wonder how such a narrow-minded question could even come about; should business be socially responsible? The main reason is that many people in the United States, not in business themselves have demanded that companies respond to problems that may or may not have anything to do with their daily operations or business goals. To insist that corporations single-handedly solve the problem of racism in America is unreasonable and unfair. Of course, however, the citizen can reasonably demand that the corporation does not contribute to or further the problem of racism. Corporations are legal inventions aimed at


Solomon, Robert C. and Kristine Hanson. It's Good Business. New

Firing Troublemakers: Hooker Chemical and Plastic Company fired the supervising engineer for plant efficiency in New York who then took his complaint (rebuffed by supervisors) to a local television station, this triggering the national scandal of Love Canal.

Some topics in this essay:
Milton Friedman, Third World, Ford Pinto, Solomon Hanson, Five Ford, Robert Samuelson, Adam Smith's, Miller Beer, Charges Firestone, Social Ford's, social responsibility, socially responsible, ford violated, business society, business ethics, social responsibility business, responsibility business, ford violated entitlement, sold unsafe, unsafe car, entitled safe car, products services, meet social, build safe vehicle, sold unsafe car,

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Approximate Word count = 1869
Approximate Pages = 7 (250 words per page double spaced)


  

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