Business responsibility Essay

—Social Responsibility of business is a certain level of voluntary help to solve the social problems of society by the organization.

—Today many managers must regularly make decisions related to the problem of social responsibility in different areas: charity, pricing, relationships between workers, natural resource conservation, product quality and safety.

—According to Friedman, all business owners have a single clear goal – they only care about the efficient use of invested funds.  Accordingly, their main  goal of any company which  implement SR programs is the most effective assistance to promote the interests of owners of companies.

According to the theory of Friedman,  when deciding to invest the resources of their organizations to protect the “social benefits”, the leaders undermine the foundations of the market mechanism of the economy.
The actions of management  to promote programs of social responsibility can  lead to lower profits and dividends, and the shareholders will suffer losses.

Only companies that are successfully operating and making the profit, may be good for the economy and ensure its development.

According to the theory of Friedman,  when deciding to invest the resources of their organizations to protect the “social benefits”, the leaders undermine the foundations of the market mechanism of the economy.
The actions of management  to promote programs of social responsibility can  lead to lower profits and dividends, and the shareholders will suffer losses.

Only companies that are successfully operating and making the profit, may be good for the economy and ensure its development.

According to the theory of Friedman,  when deciding to invest the resources of their organizations to protect the “social benefits”, the leaders undermine the foundations of the market mechanism of the economy.
The actions of management  to promote programs of social responsibility can  lead to lower profits and dividends, and the shareholders will suffer losses.

Only companies that are successfully operating and making the profit, may be good for the economy and ensure its development.