What is the implication of Friedman’s viewpoint vs. the more modern thinking as expressed by CEOs such as Jack Welch?

Friedman vs. welch | Enterprise & Finance homework assist

The implications of Milton Friedman’s view of company social accountability, which states that an organization’s sole objective is to maximise earnings for its shareholders, are very completely different from the extra trendy pondering expressed by CEOs corresponding to Jack Welch. This newer faculty of thought means that corporations must be targeted on creating worth not only for their shareholders, but additionally for society as a complete. This entails considering the moral and environmental impacts of enterprise practices whereas nonetheless striving to maximise earnings. As such, this shift in angle has resulted in companies turning into extra socially acutely aware and methods they will contribute positively to the world round them.

This is a snippet preview, get a complete custom solution
Access a Complete Custom-Written Paper from Our Writers, Now!!