Theories of Friedman and Carroll

Theories of Friedman and Carroll


In 1970, Milton Friedman wrote an article titled “The Social Responsibility of Business is to Increase its Profits” that sparked a debate about corporate responsibility that remains heated to this day. Read the Schwartz and Saiia article, “Should Firms Go ‘Beyond Profits’? Milton Friedman versus broad CSR1,” pages 1-10, in order to gain a perspective on Mr. Friedman’s views on corporate responsibility.

In addition to the Schwartz and Saiia article, read Archie Carroll’s “The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders.”

Both articles are available in the Business Source Complete database in the CSU Online Library.

These articles will help you develop an understanding of their business and ethical principles. You are encouraged to conduct additional research about Friedman and Carroll using outside sources.

Compare the theories of Freidman and Carroll, and create a PowerPoint presentation on your comparative study. Your PowerPoint presentation should include the following elements:

 Slide 1: Title page

 Slide 2: Table of content or objective slide

 Slide 3: A summary of Milton Friedman’s main points

 Slide 4: A summary of Archie Carroll’s main points

 Slide 5: The principles you would like implemented at your current place of work (or where you wish to work in the future), and why you would include them

 Slides 6-7: Two detailed examples of organizations where Friedman’s theories are applied

 Slides 8-9: Two detailed examples of organizations where Carroll’s theories are applied

 Slide 10: Conclusion

 Slide 11: References in proper APA format