Times have changed since Milton Friedman stated that the only social responsibility for corporate executives was to maximise income and wealth of their company’s stockholders (Green, 2007). The idea obtained from Friedman’s stance was that only economic responsibility existed; to use its resources and create profit maximisation that will satisfy the managerial efficiency interests of stockholders (Samson & Daft 2009). It is understood that the primary goal of a business in this situation is to increase their wealth in
Times have changed since Milton Friedman stated that the only social responsibility for corporate executives was to maximise income and wealth of their company’s stockholders (Green, 2007). The idea obtained from Friedman’s stance was that only economic responsibility existed; to use its resources and create profit maximisation that will satisfy the managerial efficiency interests of stockholders (Samson & Daft 2009). It is understood that the primary goal of a business in this situation is to increase their wealth in