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Milton Friedman famously said that the social responsibility of business was to increase profits. Today, many businesses focus on the idea that the social responsibility
Milton Friedman famously said that the social responsibility of business was to increase profits. Today, many businesses focus on the idea that the social responsibility of business is to increase value for all stakeholders. If you were running a company how do you think you would balance these two competing goals of business? What does it mean to increase value for all stakeholders? Is that a realistic proposition for businesses? Why or why not?
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