Social And Social Responsibility : A Business Made Up Of A Group People Essay

950 WordsNov 9, 20144 Pages
economist Milton Friedman noted that the "social responsibili­ties of business are notable for their analytical looseness and lack of rigor." Friedman believed that only people could have social responsibilities. Businesses, by their very nature, cannot. .But is not a business made up of a group people? If we require the individual to be socially responsible, then it follows that we should require the group to be socially responsible as well. Social responsibility is an ethical framework which suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. When defined in such a way, one wonders how there can even be an argument against the social resposibility of business; yet, time and time again persons who would put profits ahead of people do need to be reminded of this sentiment. Businesses do not operate in a vacuum; they have an impact on their environment. . Any entity that affects a communal environment has a responsibility not to harm that environment, at the very least, and ideally to improve that environment. Although Shareholders may or may not physically live in their customers’ and employees’ communities, they have a moral obligation to their fellow man. Social responsibility moves beyond philanthropy into how a business chooses to approach the community and its people. When a

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