Question 1

Friedman (1970) argues that a company should focus only on those activities that maximize its profit and should not be involved in societal issues. On the other hand, Rangan et al. (2015) posit that companies have social and environmental responsibility in order to contribute to the welfare of the communities and society where they operate.

References:

Rangan, V. K., Chase, L. & Karim, S. (2015). Social Responsibility - The truth about CSR. Harvard Business Review, January-February (Available at: https://hbr.org/2015/01/the-truth-about-csr).

Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Time Magazine, September 13, 122-126.

(a) Briefly discuss the above statement and structure of question 1 in the Introduction section.)

(c) Do you agree with the argument of Rangan et al. (2015)? Discuss with examples and provide your own comments.

(d) Summarise the above questions (a-c) in the Conclusion section and provide your remarks.

(f) Provide references (at least 10 articles/sources) in the end of the assignment and use those articles in your writing with references.