Social Resposibilities

In 1970, Milton Friedman wrote an article titled "The Social Responsibility of Business is to Increase its Profits” that sparked a debate about corporate responsibility that remains heated to this day. Read the Schwartz and Saiia article, "Should Firms Go 'Beyond Profits'? Milton Friedman versus broad CSR1," pages 1-10, in order to gain a perspective on Mr. Friedman's views on corporate responsibility.

In addition to the Schwartz and Saiia article, read Archie Carroll's “The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders.”

These articles will help you develop an understanding of their business and ethical principles. You must conduct additional research about Friedman and Carroll using outside sources.

Compare the theories of Freidman and Carroll, and create a PowerPoint presentation on your comparative study. Your PowerPoint presentation should include the following elements:

Slide 1: Title page

Slide 2: Table of content or objective slide

Slide 3: A summary of Milton Friedman's main points

Slide 4: A summary of Archie Carroll's main points

Slide 5: The principles you would like implemented at your current place of work (or where you wish to work in the future), and why you would include them

Slides 6-7: Two detailed examples of organizations where Friedman's theories are applied

Slides 8-9: Two detailed examples of organizations where Carroll's theories are applied

Slide 10: Conclusion

Slide 11: References in proper APA format

Please ensure that every slide has a title at the top explaining what the slide covers. Add citations in proper APA format, use applicable pictures or graphics (with citations), use a slide template, and avoid wordy slides by focusing on bullet points. Remember, this is an academic presentation.

Success Center videos are available if you need additional assistance in the development of your PowerPoint presentation:

Basic:

PowerPoint: From Zero to Hero

https://www.youtube.com/watch?v=YyOBClOA72w

Advanced:

PowerPoint Presentations

https://www.youtube.com/watch?v=VnsJPzGl36k

College of Business – CSU. (2016, January 12). MBA5101 Unit III lesson video [YouTube video]. Retrieved from https://youtu.be/5YrPgj5uxfY?list=PL08sf8iXqZn54RIuJs-skgp4omxG-UOu5  

Click here to access a transcript of the video. https://online.columbiasouthern.edu/CSU_Content/Courses/Business/MBA/MBA5101/15M/UnitIII_LessonVideoTranscript.pdf

Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons, 34(4), 39-48.

Read pages 1-10 of the following article:

Schwartz, M. S., & Saiia, D. (2012). Should firms go 'beyond profits'? Milton Friedman versus Broad CSR1. Business & Society Review, 117(1), 1-31.

Campbell, K., & Sherman, W. R. (2010). Lists & more lists: Making sense of corporate reputations. Journal of Business and Economics Research, 8(7).

Johnson, D. (2008). Trees-Ice Storm-Dec 2007-St Jo MO [Image]. Retrieved from https://commons.wikimedia.org/wiki/File:Trees-Ice_Storm-Dec_2007-St_Jo_MO.jpg  

Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2015). Concepts in strategic management and business policy: Globalization, innovation, and sustainability (14th ed.). Boston, MA: Pearson.

Young, S. (2010). The case for corporate social responsibility. CAUX Round Table. Retrieved from http://www.cauxroundtable.org/newsmaster.cfm?&menuid=99&action=view&retrieveid=69