These costs must be passed on to customers through higher prices or absorbed by the stockholders through lower profits. Friedman is not saying that organizations should not be socially responsible; he thinks they should, but only to the extent to maximize profits” (Robbins/Coulter 100). “The Moral Minimum argues that a corporation’s duty is to make profits while avoiding harm to others...
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They believe that as long as a business avoids or corrects the social injury it causes, it has met its duty of social responsibility. For instance, a corporation that pollutes the waters and then compensates those who it injures has met its moral minimum duty of social responsibility. The legislative and judicial branches of government have established laws that enforce the moral minimum...
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Corporate Social Responsibility The forces that have compelled, persuaded and helped businessmen to become increasingly responsible to society are described below. ??????????Public opinion...	2 / 364
corporate social responsibility The forces that have compelled, persuaded and helped businessmen to become increasingly responsible to society are described below. ??????????Public opinion...	2 / 386
Corporate Social Responsibility These activities which can be classified as community investment or corporate philanthropy have subsequently resulted in criticism from certain quarters...	3 / 673
Freeman ideas on liberty Corporations and their social responsibilities Do corporations have social responsibility? Corporate social responsibility advocates say that since corporations are fictitious persons, created by law and sustained by the government grants of limited liability for individual shareholders, they have obligations that surpass those of sole proprietorship or partnerships...	2 / 296