The narrow view of corporate social responsibility is the view espoused by the late Dr. Friedman. That
Question:
The narrow view of corporate social responsibility is the view espoused by the late Dr. Friedman. That narrow view of corporate social responsibility contends that the fundamental imperative of corporations is to make profits. This narrow view holds, among other things; that executives of the corporation do not have responsibilities which go beyond the pursuit of profits-period! Once corporations adhere to minimum moral and ethical standards; corporations should not be burdened with socially moral issues. The broader view of corporate social responsibility, a more modern view, posits the moral and ethical contract which exists between citizens and their governments has been modified and extend to corporations. This broader view holds that corporations have more than profit making functions. Dr. Friedman contends, among other things; when executives spend corporations' moneys on social causes that spending is an unnecessary tax. After reading Dr. Friedman's corporate social responsibility thesis, analyze Dr. Friedman's corporate responsibility thesis, in light of whether you subscribe to the narrow or broader view of corporate social responsibility.