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Students must research current newspaper articles (I recommend the Wall Street Journal, but any business newspaper or business section of newspapers will suffice). The article must relate specifically...

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Students must research current newspaper articles (I recommend the Wall Street Journal, but any business newspaper or business section of newspapers will suffice). The article must relate specifically with a topic, issues or ethical dilemmas dealt in the lecture. The paper must state: a) brief summary of the article; b) how the article relates to the lecture or the course; c) student’s own critical analysis of the article’s main position or issue and d) how the student will solve or handle the problem, dilemma or issue reported in the article. This is a “short paper.” I will accept a paper as short as two pages double spaced, but it can be as long or comprehensive as the student wishes.
Answered Same DayNov 30, 2021

Solution

Dilpreet answered on Dec 02 2021
55 Votes
Running Head: Social Responsibility of Business     1
Social Responsibility of Business         
SOCIAL RESPONSIBILITY OF BUSINESSES
Table of contents
Summary of the article    3
Relation of the article with the course    4
Critical analysis of the article    5
Solutions to the issues reported in the article    6
References    7
Summary of the article
    This article titled “The Social Responsibility of Business” was published in The New York times on 24 Oct, 2018. The article has been written by Marc Benioff and highlights the way businesses understand their social responsibilities. The article highlights the fact that many CEOs of well established businesses are of the view that their responsibility is only to take the business further so that it makes immense profit. They also believe that the business is responsible only to create a lot of value for the shareholders of the business. The top management of many flourishing businesses is of the view that the business has a minimal or no responsibility towards the regional communities the business has been operating within. Economist Milton Freidman once said that businesses are not responsible for providing employment or eliminating discrimination. The only responsibility of a business is to make money and maximize the wealth of its shareholders.
    However, the author of the article believes that businesses must be ca
ied with a purpose, which is beyond making profits. This will help the businesses to achieve their long-term goals. A shift has been observed in the behaviour of the senior management of businesses. They now consider their human resources as their assets and not machines used to make money. Businesses in the recent times have also started contributing generously towards the welfare of the community in the region. They now contribute for schools and hospitals in the locality. Unfortunately, there are still some businesses, who consider CSR as a way to make money. In a case mentioned in the article, businesses and community groups have stepped out in San Francisco in a public private partnership to help improve the living conditions of the people in the area. It has been observed that businesses are now affected by the humanitarian emergencies unlike the traditional...
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