Assignment 1. 2 - Two Views of Corporate Social Responsibility Read "The Social Responsibility of Business Is to Increase Its Profits" by Milton Friedman, New York Times Magazine, September 13, 1970, reproduced in our textbook. Mr. Friedman proposes that a corporation can have no social responsibility and the only responsibility of a corporation's manager is to its shareholders, to maximize their financial return from investment in the enterprise. Our textbook defines Stakeholder Theory as "The view that all stakeholders to a corporate decision deserve some kind of moral consideration and that corporations that keep all stakeholders in mind will, over the long term, deliver superior results to shareholders." Stakeholders include the company's owners, employees, customers, suppliers, the communities in which it operates, and society in general, including other nations. View What is Corporate Social Responsibility (CSR)? that represents the Stakeholder theory of Corporate Social Responsibility. See also Table 1.1 . In a brief essay, compare and contrast the Stakeholder theory from the video and table with Milton Friedman's position in the Corporations and Corporate Governance section of our textbook