Running Head : LEADERSHIP AND TEAM BUILDING, NameInstitution : Summary and My ViewsEconomist Milton Friedman , who won the 1976 Nobel Prize in Economics was correct to assert that companies master(prenominal) determination was to maximise proceeds According to Friedman , achieving sugar maximise purpose immorals that individual firms have successfully agreeable stakeholder groups (Friedman , 1962 . The firms , therefore , do not take up to participate in corporate social responsibility programs as claimed by advocates . This is in consideration that for companies to maximize profit and probably become the respective industry drawing card , they have to provide high lumber products , operate and competitive progress to environment for all stakeholders to sense satisfied . and so , such firms must have been around efficient in meeting consumer needs by providing high quality products and services which resulted to competitors products being ignored . Secondly employees of profit increase firms argon most likely to enjoy depressed working environment and therefore put extra run in their work stations .
These firms suppliers are in any case sort out as enjoying mutually beneficial relationship and therefore their proceed assembly line with profit maximizing companies . Governments at all levels are also a satisfied lot because maximized meshing mean befitting tax revenuesDespite the above evidence , profit maximizing firms need to undertake social responsibili! ty programs because of the public bears the be of the winnings . This is in consideration that the companies achieve high profits through with(predicate) aggressive means that leave members of the society worse-off . For event , suppliers of profit maximizing firms are sometimes forced to...If you fatality to issue forth a full essay, order it on our website: OrderCustomPaper.com
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