Read the case study on Milton Friedman and write a paper based on Milton Friedmans paper which
Question:
Read the case study on Milton Friedman and write a paper based on Milton Friedman’s paper which states “there is only one responsibility of business-to use its resources and engage in activities designed to increase its profits.” Prepare an in-depth position paper on why you agree or disagree with his stance. This will require a dissection of his argument, including the exploration of Milton’s rationale which supports his position as stated in the article.
Include the following:
Ethics as it relates to business; ability to apply ethical reasoning in the decision making; an understanding of ethical issues as they relate to business and profitability; understanding an individual’s role in the correlation of ethical issues and the creation of a positive business strategy; understanding the difference between moral and ethical behavior; and understanding how businesses ensure that their organization is ethically responsible.