Ethics Paper Essay

Economist Milton Friedman said that the only entities who can have responsibilities are individuals. A bank line cannot have responsibilities. So the irresolution is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much specie for their stockholders as possible? And my answer to that is no, they do not.2 Nowadays, this debate falls into the CSR, or to a fault know as the Corporate genial Responsibility talk points. In 7 Cheers questions What is the business of business? Should business attempt to figure affectionate issues or should business but exist to maximize shareholder wealthiness? My opinion is that corporations and public companies should focus on maximizing stockholder and shareholder wealth, p cluster simultaneously relying on honest principles. nevertheless reading about Friedmans conservative stance on business business, genius can point out that Friedman is kinda positive that the accessible responsibility of a business and the primary focus of those who kick the bucket the business is to make profit 6. In business there is a wad of different scenarios. These scenarios are hardly like and each of them requires different point of view, perspectives and methods of approach. Is this the remedy approach? From the other point of view, good issues should not be overlooked.As we coin towards a more connected world, with social media slowly replacing mainstream news channels, where honey oil is the word and technology of choice, where political justness is more important than the essence of an issue, ethical mishaps can turn into a packaging nightmare for corporations. While, in my opinion, a lot of ethical and moral issues are also inflated there are few that must be taken into account, since they instantly relate to the business business pelf In the world we live in I think it is fair to guess that corporations can still pursue lucky paths while pursuing several methods of social responsibilities. I want to focus on three methods.