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Business Responsibility

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Review both Milton Friedman's "Traditional View of Business Responsibility" (p. 72) and Archie Carroll's "Four Responsibilities of Business" (p. 72-73) in the Pearson textbook, 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 two detailed examples of organizations where you believe that Friedman's theories are applied.
- Slides 9-10: Provide two detailed examples of organizations where you believe that Carroll's theories are applied.
- Slide 11: List of sources using APA guidelines

References:

Wheelen, T. L., & Hunger, D. J. (2010). Concepts in strategic management and business policy (12th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
All need is a solution and l can handle the PowerPoint parts of it.

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Looking at both Milton Friedman and Archie Carroll's ideas similarity and ...

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This 1047 word solution provides 6 references, and outlines Milton Freeman's "Traditional View of Business Responsibility" and Archie Carroll's "Four Responsibilities of Business." It provides a summary of these important concepts that can be used with our without a slide presentation.

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In your essay, you must:

1. Define the terms ethics and social responsibility. What does being ethical and socially responsible mean for the organization?
2. Discuss whether a company should put ethics and social responsibility ahead of profit making. Why or why not? Provide examples and research evidence to support your answer with examples from an Australian company.

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