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Business and Social Responsibility

2023-02-01 02:09:52

The questions surveyed included questions raised in one of his articles Milton Friedman was reported to the New York Times magazine in 1970. The problem is "business speaking", "what is responsibility" (Friedman, 2007, p. 173). Friedman (1970) described in detail how companies allocate responsibilities. In addition, he stated that the group or individual should be the only person who can take responsibility, not business. He said that it is too vague to link responsibility to the word business.

Today, many people are discussing the social responsibility of the business; the reasons for business social responsibility are varied. Businessmen discuss and discuss social responsibility, some people support this concept, others do not. Long-term self-interest is one of the arguments against corporate social responsibility, which enables society to expect companies to complete and implement various social supplies and actions. Davis (2001) argues that society practices must be implemented if companies want to achieve their targets and make long-term profits. Companies that can respond to social needs as quickly as possible will therefore have an excellent community for the company to operate its business. Employee recruitment will be easier and the quality of employees employed will be better. Also, absenteeism and turnover rate will decrease

Corporate social responsibility or Corporate Social Responsibility (CSR) involves people and organizations who act ethically, carry out business, and are sensitive to social, cultural, economic and environmental problems . Fighting for social responsibility helps individuals, organizations, and governments have a positive impact on development, business and society. While business outcomes, investments, free enterprises, and other traditional economic forces continue to drive industry growth, the organization's reputation and its ability to compete effectively on a global scale is a key factor in decision making and performance improvement It depends on inclusion of social responsibility efforts.