Read the following two articles:
- The Social Responsibility of Business Is to Increase Its Profits, Friedman
- A Stakeholder Approach to Strategic Management, Freeman and McVea
Friedman argued, â€œFew trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.â€ In contrast, Freeman and McVea argued that the role of a corporation is to balance the needs of all stakeholders.
How do you feel about Friedmanâ€™s and Freeman and McVeaâ€™s statements? Explore both sides of the argument in your initial post by providing one argument that supports Friedmanâ€™s assertion and one argument that refutes it. Then provide one argument that supports Freeman and McVeaâ€™s assertion and one argument that refutes it. Once you have explored both sides of each argument, explain which author(s) you think is correct and why.
*****I have uploaded the Stakeholder pdf. The other link works fine.