Social Responsibility

Paper Summary:

This paper takes a look at the social responsibility of a business. The paper reviews articles by Barbar Ehrenreich, Milton Friedman and Paul Hawken and looks at how each discusses different aspects of the social responsibility of business.

From the Paper:

"In other words, if the executive owner of Jerry's or the Hearthside, where Ehrenreich worked, cared about the health of his employees, and the fact that so many of them were abused by customers and middle managers, then the CEO would be doing a disservice to the shareholders of the corporate enterprise. But in actuality, Ehrenreich shows that apparently pure profit-making schemes, like limiting employee work breaks as "time theft," giving the workers poor quality health care and food, is simply counter-productive even from a profit-making point of view, since this leaves employees sick, tired, miserable, and angry, and results in high employee turnover for the company. In Friedman's idealistic view of capitalism, to increase shareholder profits, the CEO of Jerry's would realize this fact and institute reforms."

Sample of Sources Used:

• Ehrenreich, Barbara. (2001) "Serving in Florida." From Nickel and Dimed: On not getting by in America. New York: Henry Holt.
• Friedman, Milton. (1970) "The Social Responsibility of Business Is to Increase Its Profits" Retrieved 25 Feb 2006 at http://www.rowan.edu/philosop/clowney/Busethic/friedman.htm#8.2.2
• Hawken, Paul. "A Teasing Irony." Retrieved 25 Feb 2006 athttp://homepages.bw.edu/~dkrueger/BUS329/readings/hawkin.html

More papers on Social Responsibility:

• Dissertation or Thesis # 147393 : "Social Responsibility in the Financial Market"
• Article Review # 140161 : "The Social Responsibility and Increasing Profits"
• Term Paper # 93112 : "Corporate Social Responsibility"
• Analytical Essay # 143882 : "Corporate Social Responsibility"

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