In what circumstances today could Milton Friedman’s view that the only responsibility of business is to maximise profits for its shareholders, be valid?

Question:

In what circumstances today could Milton Friedman’s view that the only responsibility of business is to maximise profits for its shareholders, be valid? In your answer consider the arguments for and against corporate social responsibility in both classical and socioeconomic viewpoints and discuss with examples from business perspective.

  1. 1. Length:

1600-2000 words.

  1. 2. Cover page:

Full essay question – single spaced

  1. 3. Journal Articles:

Argument or discussion uses a minimum of

three

peer-reviewed journal articles and

two

scholarly books (three if also using Schermerhorn) and all are referenced in the essay.

  1. 4. Page Numbers:

Pages numbers placed on bottom right hand corner of each page, without brackets or full stops.

  1. 5. Presentation & Format:

Essay type-written or word processed in 12-point font (Arial or Times New Roman), 1.5 line spaced, with margins of at least 25mm.

  1. 6. Referencing:

Use either Harvard or APA referencing style.

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