1. 1 What is Social Responsibility? The Concept of Social Responsibility proposes that a private corporation has responsibilities to society that extend beyond making a profit.

2. 2 The Purpose of Social Responsibility … is to balance the interests of “all” stakeholders. 1.Employees want better HR benefits which come from Company revenues. 2.Stockholders want a strong bottom line. 3.Customers want a good deal, which means quality at a fair price. 4.The community wants to employ its residents.

3. 3 Friedman’s Traditional View of Social Responsibility “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.”

4. 4 Pyramid of Social Responsibility Discretionary Ethical Legal Economic

5. 5 Pyramid of Social Responsibility Discretionary Ethical Legal Economic

6. 6 Pyramid of Social Responsibility Discretionary Ethical Legal Economic