The Social Responsibility of Business
In 1970, Milton Friedman wrote an article titled “The Social Responsibility of Business is to Increase its Profits” that sparked a debate about corporate responsibility that remains heated to this day. Read the Schwartz and Saiia article, “Should Firms Go ‘Beyond Profits’? Milton Friedman versus broad CSR1,” pages 1-10, in order to gain a perspective on Mr. Friedman’s views on corporate responsibility.
In addition to the Schwartz and Saiia article, read Archie Carroll’s “The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders.”
Both articles are available in the Business Source Complete database in the CSU Online Library.
These articles will help you develop an understanding of their business and ethical principles. You are encouraged to conduct additional research about Friedman and Carroll using outside sources.
Compare the theories of Freidman and Carroll, and create a PowerPoint presentation on your comparative study. Your PowerPoint presentation should include the following elements:
Slide 1: Title page
Slide 2: Table of content or objective slide
Slide 3: A summary of Milton Friedman’s main points
Slide 4: A summary of Archie Carroll’s main points
Slide 5: The principles you would like implemented at your current place of work (or where you wish to work in the future), and why you would include them
MBA 5101, Strategic Management and Business Policy 4
Slides 6-7: Two detailed examples of organizations where Friedman’s theories are applied
Slides 8-9: Two detailed examples of organizations where Carroll’s theories are applied
Slide 10: Conclusion
Slide 11: References in proper APA format
Please ensure that every slide has a title at the top explaining what the slide covers. Add citations in proper APA format, use applicable pictures or graphics (with citations), use a slide template, and avoid wordy slides by focusing on bullet points. Remember, this is an academic presentation.