According to Milton Friedman, It Would Be Unethical for a Corporation

question 91

Short Answer

According to Milton Friedman, it would be unethical for a corporation to do anything other than deliver the profits for which its investors have entrusted it with their funds in the purchase of shares in the corporation. This illustrates the _____ to corporate social responsibility (CSR).

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Definitions:

Task Force

A temporary group of people formed to carry out a specific mission or project, or to solve a problem that requires a multi-disciplinary approach.

Quality Team

A group of individuals working together with a focus on achieving high standards of performance and outcomes in their tasks or projects.

Project Manager

A role responsible for planning, executing, and closing projects, overseeing the team, and ensuring the project meets its goals and deadlines.

Flatter Organizations

Organizational structures with fewer levels of management and a broader span of control, which often result in improved communication and faster decision-making.