Narrow view of corporate social responsibility

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Friedman's (1970) narrow view of corporate social responsibility is that the purpose ofbusiness is to maximise profits within the law. The broader socio-economic view is thatenterprises are to be managed in the interests of their various stakeholders and that themoral minimum includes affirmative duties to prevent harm within the Kew GardenPrinciples. The maximal view is that business should help solve social problems (withinthe KGP).Discuss and critically evaluate the following viewpoints on corporate social responsibility:(i) the narrow classical economic view,(ii) the broader socio-economic view incorporating negative and affirmative duties to dono harm and prevent harm and the stakeholder theory, and(iii) the broad maximal view, including the duty to do good.Illustrate your discussion with reference to the question of business' responsibilities to theenvironment (that is, how would each of the above viewpoints understand theresponsibilities of business to the environment?)

Reference no: EM131055414

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