Comparing the Ethical Perspectives of Friedman, Drucker, and Murphy

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Ethical perspectives: friedman, drucker and murphy Comparison: An Attack on the Legal Positioning The first point of comparison in the three essays is the position of Drucker and Friedman with respect to the invalidity of the concept of business ethics. Their main argument against the notion of business ethics is that by engaging in acts of so-called social responsibility, a business manager actually assumes public roles or a legislative function because he or she places costs on the stakeholders, customers, or employees to apply the proceeds in a field of socially responsible causes. Friedman (1970) states this fact in the following words: "Insofar as his actions in accord with his "social responsibility" reduce returns to stockholders, he is spending their money. Insofar as his actions raise the price to customers, he is spending the customers' money. Insofar as his actions lower the wages of some employees, he is spending their money." Drucker (1981) also states his disappointment with the current fascination with business ethics and the danger it poses of taking on a legal role within the organization. Both Friedman and Drucker believe that organizations can discharge their functions responsibly and act ethically as long as they comply with the law and fulfill the expectations of the law from business organizations. They are both suspicious of the attempts by organizations of crating ethics codes and refer to them as window-dressing or deceptive tactics to create a

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