THREADED DISCUSSION 3
To begin, read:
Milton Friedman’s article: The Social Responsibility of Business is to Increase its Profits, (Click link).
Then, consider the following synopsis of Drucker’s view on profit from Maciariello and Linkletter, (Click link).
“The question that must be answered to set profitability objectives is: what is the minimum amount of profit required to compensate for our cost of capital, including risk-premium, and for the cost of providing for future innovation and the development of human assets?”
Do you agree with any elements that Friedman is making in his article?
Why do you agree?
Which elements (if any) of Friedman’s argument do you disagree with, and why?
Do you see any difference between Friedman’s arguments and Drucker’s position on profits?
THREADED DISCUSSION 3 To begin, read: Milton Friedman’s article: The Social Re
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THREADED DISCUSSION 3
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