Social Responsibility

Social Responsibility

Overview:

Social responsibility means that individuals and companies have a duty to act in the best interests of their environments and society.  Milton Friedman, a Nobel Prize winner in economics, argued that businesses should focus on increased profits to best fulfill their social responsibilities to society.  Howard Shultz argued that profit is essential to a business’s well-being and continued existence, but profit should not entirely define the business’s purpose.  In the book Pour Your Heart Into It, Shultz describes how Starbucks forfeited a $5 million savings each year by not switching to polystyrene cups because the cups were impractical to recycle.

Directions:

Please respond to all the following items in your initial post by Sunday.  In addition, engage with your classmates by making comments and/or asking questions that build upon your peer’s posts.

  • Beyond making a profit, what responsibilities do businesses have toward a society in general?
  • How would you justify Starbucks decision to not save money in the case of the polystyrene cups?
  • In your opinion, what percentage of an organization’s efforts (time, money, manpower, etc.) should be used toward developing socially responsible policies and practices? Explain.

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday.

Order Similar Assignment Now!

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered within 4 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: