Stockholder vs Stakeholder. Two different Views about the purpose and aims of business. Stockholder Theory. Milton Friedman : The Purpose of Business is to make money for the owner or stockholders. Argument 1. “The Social Responsibility of Business is to increase its profits”
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Two different Views about the purpose and aims of business
“…while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom.”
Manager has obligation to
Family, conscience, feelings of charity, church, clubs, city, country
“But if he does this, he is in effect imposing taxes on the one hand, and deciding how the tax proceeds shall be spent, on the other.”
“Social Responsibility and Economic Efficiency”