Monday, July 21, 2008

Reading 5.1: “Rethinking the Social Responsibility of Business: A Reason Debate Featuring Milton Friedman, Whole Foods’ John Mackey, and Cypress Sem

Q1. Of the three (3) views put forth re: social responsibility of business, which view do you support and why?

Q2. Do you think Rodger’s correct when he argues that corporations add far more to society by maximizing “long term shareholder value than they do by donating time and money to charity”? Why or why not?

Q3. Do you agree with Mackey’s argument that businesses like medicine, law and education possess noble purposes? Why or why not?

1 comment:

nurul said...

(1) In this case, my group very agree with John Mackey perspective because he give full atttention to customer that is the social responsibility of business. Customer is a one important asset in business. Mackey also disagree with Friedman and believe that this view is too narrow a description of his and many others businessess socially responsible activities. For my group, Friedman views more to profit but he did not thinks about social responsibility and he has no patience for capitalists who claim that business has a social conscience and take seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and other socially responsible actions. The theory that we have choose is the Deontologocal Theory.
(2) We are disagree with Rodgers view but his action is not must be false because Rodgers most focuses to coorporations add far more to society by maximizing “long term shareholder value” than they do by donating time and money to charity. We are also disagree with Rodgers because he just only refer to organization’s develepment, not to social responsibility coprate which the individual involvement in an organization.
(3) In our opinion, we are agree with Mackey’s argument that business like medicine, law and education possess noble purpose because this course can donating to charity and give benefit to consumer without think about the profit. Other than that, it’s can improve their consumer life of quality. Social responsibility of business is refer to the selectivity and the organization’s objective, but not based on the organization goodness and profit, it is just based on the the ethics standard about the social needed. Since the existence of the medicine knowledge, legislation and education, it is can make an improvement on the future consumer of quality which it is also can to improve the balancing of economy level and give satisfactions to the consumers.