Nobel laureate economist Milton Friedman said that companies should focus on maximizing profits, not social responsibilities or purposes. Do you agree with this view? State two (2) reasons, why or why not?
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Nobel laureate economist Milton Friedman said that companies should focus on maximizing profits, not social responsibilities or purposes. Do you agree with this view? State two (2) reasons, why or why not?
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- Economist Milton Friedman said companies should focus on maximizing profits not social responsibilities and purposes. Give two reasons why and why notWhat are the core values of Apple, Google, Walmart,Coca-cola and Nike Company ?Both Ford and PayPal are in traditional industries with key disruptive innovations. What are the suggestions you would give to companies in the traditional industries to stay competitive in an ever-changing market?
- Explain the concept of creative destruction. Do you agree or disagree that this is how capitalism moves forward? Use an example (not Netflix) and include the particular of the theory (when and who.)Does socially responsible, sustainable, or ethical investing seem to you to be a legitimate way in which the average citizen might demonstrate her or his concern for CSR? Why is it also called impact investing? Discuss in some detail.Which one of the four approaches to environmental issues is compatible with current market economies?Select one:a. Dark greenb. Bright greenc. Light greend. Deep green
- 1. Define ethics, and why is it business ethics is very important? 2. Why is entrepreneurship an important component of economic development? 3. Define innovation, and why is it important in entrepreneurship activity especially during pandemic? 4. Why is corruption an unwanted activity in a country like the Philippines? 5. What options would you want to improve your economic lot, be an employee, be a professional, or a small business operator? Why, explain further. 6. What is meant by “the consumer’s right to be safe”?Choose two organizations operating in the same sector. Write a report on the comparison of CSR activities of two companies. The template is provided as follows. 1-Describe the profile of two companies selected and CSR activity carried out by each company? 2-The Positive Impact of CSR on the Society ? 3-Your opinion -Any three CSR Activities that you suggest to the Organizations and their Significance?Before responding to the questions below ask yourself the following: 1) is it true that “…doing what's best for society necessarily means sacrificing profits,” 2) are shareholders the only important and influential stakeholders in deciding how best to pursue corporate objectives, and 3) is government regulation, supplemented by self-regulation and civil society, the most effective way to strike a balance between profits and the public good? Based on your individual conclusions regarding the above, answer the following questions: Are profits and the general welfare basically incompatible? Why or why not? If you believe CSR requires the sacrifice of some amount of profit, what amount is appropriate? Is that amount the same for all firms in all industries? How should the CEO decide?
- Did Goldman Sachs do anything wrong legally or ethically? Explain your answer. Would it make a difference if other investment bankers were also providing such services? What subsequent impacts could the transactions described above have on Goldman Sachs?Explain some usual critics of economics: assuming selfish individuals, lack of pluralism.（please don't write on the paper）How the CSR program provided by pepsi is benefiting the society?
