Stakeholders

The topic at hand is whether businesses can rely on the premise that profit alone is the end-all be-all of what drives a business and what its endgame should be or whether it should focus at least somewhat on social and corporate responsibility even if it's at the expense of some or many dollars of profit. The author will compare these two disparate viewpoints and offer an overall viewpoint that actually blends the two.

Compare and Contrast

Friedman offers the point that businesses must have a profit to even survive and exist. As such, this drives what the business does, why it does it and how it should do it. The Stone treatise is a counterpoint and it argues that businesses have an obligation and a moral imperative to be stewards of the public good even at the expense of profit. Stone presupposes that firms are mandated and urged...
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