Business Responsibilities and Ethic Principles
Review both Milton Friedman's "Traditional View of Business Responsibility" and Archie Carroll's "Four Responsibilities of Business", and develop an understanding of their ethical principles. You are also welcome and encouraged to research them using outside sources. You are to compare the two theories and create a PowerPoint presentation on your comparative study. Your PowerPoint presentation should include the following elements:
Slide 1:
Title page
Slides 2-3:
A summary of Milton Friedman's main points
Slides 4-5:
A summary of Archie Carroll's main points
Slide 6:
Which principles would you like implemented at your current place of work (or where you wish to work in the future), and why?
Slides 7-8:
Provide 2 detailed examples of organizations where you believe that Friedman's theories are applied.
Slides 9-10:
Provide 2 detailed examples of organizations where you believe that Carroll's theories are applied.
Slide 11:
List of sources using APA guidelines
https://brainmass.com/business/business-philosophy-and-ethics/business-responsibilities-and-ethic-principles-317111
Solution Preview
Hello. Thank you for choosing me as your OTA. I provide the following to assist you.
Slide 1: Title Page
Your Name, Professor Name, Assignment, Friedman v. Carroll
Slides 2/3: Summary of Milton Friedman's main points
*Believed that it is the firm's responsibility to maximize shareholder revenue
*The firm should overcome all hinderances in the environment to maximize shareholder revenue
*To do so, have employees work long hours
*Maintain high prices
*Ignore environmental safety
*Believes that operating the organization this way, and understanding the legal implications, that in the end, the organization will succeed
*Believes open and free competition, without deception or fraud is an ...
Solution Summary
This solution provides an explanation of Milton Friedman's traditional view of business responsibility and Archie Carroll's four responsibilities of business.