"A business's only responsibility is to maximise financial returns to its shareholders".To what extent do you agree or disagree this statement.

The canvass conflicts with ?A caper?s unaccompanied state is to maximise financial re deliberates to its shareholders?. It disputes the statement is represented restrictedly further from the authoritative view of brotherly office. Furthermore, it argues this by rationally discussing in turn a business?s complaisant responsibility specifically from sociostinting view and its social obligation and responsiveness. In brief, the essay believes that it is essential for a business to conduct social responsibility for both its shareholders and other three constituents in the entire society.

The corporations which entrust survive and prosper in the future are concentrating on more than merely profits in recent decades. Meanwhile, consumers nowadays are becoming increasingly aware of social issues and concerning with whether their suppliers suffer reputation through their performance in the society. Business social responsibility has become one of the elements which relevant to the success of corporations. However, these do not mean that business should cease to seek profits, plainly to recognise its responsibility comprehensively while pursuing economic benefits.

Two contrasting views of corporate social responsibility arrest invigorated discussion, with two sides of classical and socioeconomic view. The classical view, which treasure as a purely economic notion, holds that ?management?s only responsibility in running a business is to maximise profits?. (Robbins, Bergman, Stagg & Coulter, 2003, p.136) As economist and Nobel honorable Milton Friedman famously declared, ?The business of a business is business.? (Schermerhorn, Campling, Poole, & Wiesner, 2004, p.



159) Friedman asserts that a business only responsibility is to maximise its profit for the shareholders and the only concern is financial return. He advocates that when organisations spend their own resources for the ?social practised?, extra costs are being posed, which give lead to the decrease in net profit. Hence managers should only focus on operating the business in the better interests for the shareholders.

Not a bad essay, there are many good points in it. The overall objective is clear and subpoints are supportive. However, or so languages can be further improved.

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