Ethics Paper Essay

Economist Milton Friedman said that the only entities who do-nothing ingest responsibilities argon individuals. A contrast cannot have responsibilities. So the question is, do corporate executives, provided they stay within the law, have responsibilities in their agate line activities opposite than to make as much money for their stockholders as possible? And my make to that is no, they do not.2 Nowadays, this debate falls into the CSR, or also know as the Corporate Social Responsibility talk points. In 7 Cheers questions What is the business of business? Should business attempt to solve social issues or should business nevertheless exist to maximize shareholder wealth? My opinion is that corporations and public companies should commission on maximizing stockholder and shareholder wealth, while simultaneously relying on estimable principles.Further reading about Friedmans conservative carriage on business business, one can point out that Friedman is rather positive that th e social responsibility of a business and the primary decoct of those who run the business is to make profit 6. In business on that point is a multitude of different scenarios. These scenarios are hardly similar and all(prenominal) of them requires different point of view, perspectives and methods of approach. Is this the right approach? From the other point of view, ethical issues should not be overlooked.As we move towards a more affiliated world, with social media slowly replacing mainstream news channels, where green is the word and engine room of choice, where political correctness is more important than the essence of an issue, ethical mishaps can turn into a publicity nightmare for corporations. While, in my opinion, a disseminate of ethical and moral issues are overly inflated there are some that must be taken into account, since they directly relate to the business business profits In the world we live in I think it is fair to say that corporations can still pursue t hriving paths while pursuing several methods of social responsibilities. I want to think on three methods.