Socail Responsibility

             It is often said that a business should exist to better its community. I disagree; in this essay I will show that a businesses main concern does not have to be social responsibility. It is a difficult task to be socially responsible to society while continuing to serve the interests of your employer. A business isn't human it does not make decisions. Business and life are two very different worlds, what is appropriate for the one world may not be the same for the other. Being socially favourable can lead to many consequences including decrease in profitability or even bankruptcy.
             In an essay by Thomas Mulligan, Milton Friedman suggests the implementation of social responsibility by a corporate executive is "unfair, because it constitutes taxation without representation, and a violation of trust, because the executive is employed by the owners, as an agent serving the interests of his principal" (Poff, Waluchow, 48) This quote amplifies that social responsibility actually takes money out of the company's stockholders, employees and customers pocket without their consent. You end up being socially irresponsible to your organization by violating their trust and stealing from the company.
             Through a businesses main activities, a business presents a framework for life and human development for its staff, provides society with products and services and adds to the community by paying taxes. In Adam Smith's argument "if each person would pursue his or her own interests in a fairly enlightened way, then in the long run social well-being or welfare would be maximized" (Poff, Waluchow 57) The social responsible business actually bankrupts and defeats itself and whatever indirect benefits it was providing to society become no longer available.
             Discussed earlier was the idea that a corporation's main goal should be to make money, and to do everything in its power to enable itself to make that m...

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Socail Responsibility. (1969, December 31). In MegaEssays.com. Retrieved 05:14, April 20, 2024, from https://www.megaessays.com/viewpaper/13815.html