Purchase Solution

The confliction on firm's social responsibilities

Not what you're looking for?

Ask Custom Question

Do you believe that the firm's social responsibilities conflict with the ultimate goal of shareholder's wealth maximization?

Purchase this Solution
Solution Summary

This post discusses the conflict on firm's social responsibilities with the ultimate goal of shareholder's wealth maximization.

Solution Preview

I disagree with the above statement. Firm's social responsibility does not conflict with the ultimate goal of shareholders' wealth maximization. Even in the light of social responsibility, the bigger goal of the organization is to maximize shareholders' wealth.

The definition of corporate social responsibility says that the impact of a company's actions on society requires a manager to consider his acts in terms of a whole social system, and holds him ...

Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Operations Management

This quiz tests a student's knowledge about Operations Management

View More Free Quizzes
Related BrainMass Solutions

  • business ethics

    Describe what you think are a firm's social responsibilities in a plant- or business-closing situation and what factors influencing the degree of those responsibilities.

  • Comparing Views on Business Responsibility

    552581 Comparing Views on Business Responsibility Need assistance on putting together a 500 Word summary on Milton Friedman's "Traditional View of Business Responsibility" and Archie Carroll's "Four Responsibilities of Business."

  • Business Responsibility: Milton Friedman Versus Archie Carroll

    By deciding to pursue social responsibilities, a firm may compromise on the profitability of the firm and therefore disadvantage the shareholders. Therefore a firm's only responsibility is to its shareholders (Friedman, 1970).

  • Discussing Business Ethics: Article Review

    According to the article the total corporate social responsibility of business entails the simultaneous fulfillment of the firm's economic, legal, ethical, and philanthropic responsibilities.

  • Understand and interpret unhealthy conflicts in teams

    Answer: Unhealthy conflicts are those conflicts that have an adverse impact on the performance of the organization. Unhealthy conflict of any type always cause harm for the organization.

  • Business Responsibilities and Ethic Principles

    *If the organization takes on social responsibilities, they may compromise their profits, shortchange shareholders Slide 4/5: Summary of Archie Carroll's main points *Four segments to his model, which comprise of economic, legal, ethical and discretionary

  • Ethics, Discretion, and Social Responsibility

    On the other hand, discretionary responsibilities do not ensure any impact over stakeholders' perceptions and associated value for a business and it is because it does not fall under the area of social responsibilities.

  • Critique of directors' roles in corporate social responsibility

    Another flaw of the procedure is that the role of the director mainly focuses on the interaction of the firm's business operation with the external environment instead of focusing on the allocation of resources and increasing the wealth value of the organization

  • Management Planning at Arthur Anderson

    The corporate social responsibility of the company failed due to the lack of attention during the Enron audits which led to a negative impact on the customers.

View More Related Solutions