The Social Responsibility of Business

Absolutely no plagiarism, must be original and very thorough. Please make sure everything is followed in the question and the grading rubric. Assigned textbook is attached but also must include one other academic relevant outside resource, total of at least 2 references. Must include in-text citations. Please include the free link to the relevant academic source.

Textbook: Friedman, M. (1970). The Social Responsibility of Business is to Increase Profits. New York Times Magazine. Retrieved from http://www.umich.edu/~thecore/doc/Friedman.pdf (Links to an external site.)Links to an external site.

 

Question:Community Connections

As a compliance and ethics officer in a small community, what programs would you institute to connect with the community? How would these policies benefit the company in the long run? In your assigned reading, Woods (2008) stated “the evidence is all around us that strict free-market policies work wonderfully well for the rich and powerful, but for many others, life has become harder” (p.159) (I will post this page tomorrow morning.) How would your policies address this problem?

Supporting material: Please feel free to use these links…Must also include one other academic relevant outside resource.

 

Please see grading rubric below. This assignment should be at least 5-6 paragraphs long and very thorough. Make sure you integrate real-life applications to support key points.

CriteriaRatings
This criterion is linked to a Learning Outcome Quality of Initial Response
Initial response displays an excellent understanding of the course readings and underlying concepts and includes the correct use of relevant terminology. Initial response integrates specific real-life application (current events, work or personal experience, prior coursework, etc.) to support key points. Initial response is clear, concise, and compelling.
This criterion is linked to a Learning Outcome Research
Initial response contains at least one reference to a valid (recent, relevant, high-quality) external source of information pertaining to the discussion topic. Research is cited, in-text, to support key points. Integration of research in initial response exceeds expectations. (This should be along with the provided textbook, so a total of 2 references).
This criterion is linked to a Learning Outcome Mechanics
Entirely free of mechanical errors. These include: grammar, punctuation, spelling, and formatting (font style and size).

Answer preview

In the corporate world, today managers and heads of organizations have so many powers bestowed unto them in such a way that they are not answerable to any of the stockholders beneath them. Some negative results may later accompany this fact whereby the organization’s main aim of making profits ends up in people’s pocket. According to Friedman (1970), every company has to set a social obligation to themselves on how they are going to connect the community around together with their company. This has been a problem for some time now and these programs will greatly help solve them.(707words)

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