Evaluation Ethical Perspectives on Social Responsibility...

Evaluation: Ethical Perspectives on Social Responsibility This paper evaluates Cohen’s article on social responsibility and considers how his perspective and ideas align in comparison with other management experts including Drucker and Friedman. Some key components that are included in the evaluation are: †¢ A definition of the concept of social responsibility. †¢ What Cohen identifies as the social responsibility of a business to the workers, stakeholders, and society as a whole. †¢ How Cohen’s perspective of the social responsibility of business aligns with the perspective of Drucker. †¢ How Cohen’s opinion of the social responsibility of business compares with the opinion of Friedman. †¢ Finally, an identification of which of the†¦show more content†¦(Cohen, 2009) †¢ Government cannot solve many social problems. (Cohen, 2009) †¢ The corporate mission always comes first. (Cohen, 2009) †¢ There is an unlimited liability clause involved in social responsibility efforts. (Cohen, 2009) †¢ There are unique ethics involved in engaging in social responsibility. (Cohen, 2009) †¢ There are opportunities for competitive advantage in fulfilling social responsibility. (Cohen, 2009) Friedman Friedman holds the belief that for the most part the concept of social responsibility is applied in the contest of corporations, and thus applies his opinions to corporate executives. Friedman’s belief is that the responsibility of those executives is: †¢ To ensure the corporation maximizes the profits of the corporation that those executives are employed by. (Friedman, 1970) †¢ By maximizing profits, society benefits the most from the corporation’s actions, so long as they do it without deception or fraud. (Friedman, 1970) †¢ Corporations are not individuals, and thus do not have social responsibilities, individuals have social responsibility. (Friedman, 1970) Cohen’s opinion is different from Friedman’s in that Cohen believes that there are more responsibilities beyond that of maximizing the profits ofShow MoreRelatedEthics Reflection Paper Str 581 Week 11312 Words   |  6 Pagespurpose of this paper is to briefly analyze the function of ethics and social responsibility and the importance of each in the application of developing a strategic plan. Also pertinent is consideration of stakeholders’ concerns, which requires that the author briefly touch upon how his or her ethical viewpoint has evolved in the course of MBA studies at the University of Phoenix. 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