Book ChapterDOI
The Social Responsibility of Business Is to Increase Its Profits
Milton Friedman
- pp 173-178
TLDR
When I hear businessmen speak eloquently about the social responsibilities of business in a free-enterprise system, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life as mentioned in this paper.Abstract:
When I hear businessmen speak eloquently about the “social responsibilities of business in a free-enterprise system”, I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned “merely” with profit but also with promoting desirable “social” ends; that business has a “social conscience” and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reformers. In fact they are — or would be if they or anyone else took them seriously -preaching pure and unadulterated socialism. Businessmen who talk this way are unwitting puppets of the intellectual forces that have been undermining the basis of a free society these past decades.read more
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Journal ArticleDOI
The Impact of Corporate Sustainability on Organizational Processes and Performance
TL;DR: It is found that corporations that voluntarily adopted sustainability policies by 1993 are more likely to have established processes for stakeholder engagement, to be more long-term oriented, and to exhibit higher measurement and disclosure of nonfinancial information.
Journal ArticleDOI
Uncovering the Intellectual Structure of Research in Business Ethics: A Journey Through the History, the Classics, and the Pillars of Journal of Business Ethics
TL;DR: In this paper, a bibliometric analysis of articles published in the Journal of Business Ethics (JBE) is performed to identify the most influential works on business ethics research and detect the formation and evolution of schools of thought in business ethics.
Posted Content
Corporate Social Responsibility, Tax Avoidance, and Earnings Performance
TL;DR: This paper investigated the influence of pretax earnings performance on the relation between corporate social responsibility (CSR) and tax avoidance and found that a lack of social responsibility is positively associated with tax avoidance in firms with low current or future earnings performance.
Journal ArticleDOI
Corporate life cycle, organizational financial resources and corporate social responsibility
Mostafa Monzur Hasan,Ahsan Habib +1 more
TL;DR: In this article, the authors examined the association between the corporate life cycle and corporate social responsibility (CSR) and found that the resource base and competitive advantages allow mature firms to invest more in CSR-related activities than firms at other stages of the life cycle.
Journal ArticleDOI
Undivided Corporate Responsibility: Towards a Theory of Corporate Integrity
TL;DR: In the years since Enron corporate social responsibility has become a ubiquitous phenomenon in both research and business practice as mentioned in this paper, the focus on CSR is indeed problematic for three main reasons: (1) the term carries a lot of historical baggage - baggage that is not necessarily conducive to the clarity of the concept; (2) it is the object of increasing ethical instrumentalism; and (3) given the multiple ethical challenges that corporations face, and given the fact that the “social” responsibilities of business are but one set of corporate responsibilities, a suitable term would have to
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Journal Article
Best Practice for Customer Satisfaction in Manufacturing Firms
TL;DR: In this article, the authors report the results of their investigation into the best practices of four manufacturing firms with reputations for delivering high levels of customer satisfaction, and suggest ways companies can improve their customer satisfaction measures and practices.
Book
Business marketing management : A Strategic view of industrial and organizational markets
Michael D. Hutt,Thomas W. Speh +1 more
TL;DR: In this paper, the authors provide a complete treatment of business-to-business marketing, including market analysis, relationship management, supply chain management, marketing strategy development and electronic commerce.
Book
Business marketing management
TL;DR: In this article, the authors present an overview of the business-to-business marketing environment, including how buyers buy, how to identify the customer, and how to make and move the goods.
Journal ArticleDOI
Industrial market segmentation
Yoram Wind,Richard N. Cardozo +1 more
TL;DR: A conceptual approach to the segmentation of industrial markets together with results from an exploratory survey of current segmentation practices in industry and two examples to encourage appropriate use of market segmentation in planning and control of marketing strategies are presented.
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